Flat Rock, Alabama Property Taxes
The median property tax rate in Flat Rock, AL is 0.33%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Flat Rock at $113,900, the typical annual property tax bill amounts to $406, well below the national median of $2,690. Property taxes in Flat Rock are calculated based on the tax assessed value, which often falls below market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Flat Rock's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Flat Rock or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Flat Rock, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$376
$349
Ownwell’s FLAT ROCK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FLAT ROCK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FLAT ROCK to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Flat Rock, Alabama
Property taxes in Flat Rock, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flat Rock is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Flat Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flat Rock estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Flat Rock's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is 0.66%, while the lowest median tax rate is 0.14%. Understanding how these cities compare with Flat Rock provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flat Rock Tax Rate
0.33%
Average Dekalb County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flat Rock, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35966 | 0.19% | 0.28% | 0.33% | 0.51% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Flat Rock, Alabama
In Flat Rock, Alabama, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the DeKalb County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Flat Rock, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Flat Rock is $113,900, with tax bills ranging from $190 at the 25th percentile to $935 at the 90th percentile. The highest and lowest median tax bills are both $406 in the 35966 zip code. Being aware of these valuation processes in Flat Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Flat Rock Assessed Value
$113,900
Average Dekalb County Assessed Value
$106,260
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flat Rock, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35966 | $26,576 | $60,320 | $113,900 | $177,000 | $250,584 |
Source: Ownwell
Property Tax Bills Across Flat Rock, Alabama
In Flat Rock, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners in DeKalb County, where Flat Rock is located, the median home price is $113,900. Property tax rates and bills can vary significantly. For example, the tax bill for properties at the 25th percentile is around $190, while properties at the 75th percentile have tax bills closer to $630. Those in the 90th percentile can see tax bills as high as $935. The highest median tax bill in the area is $406, which is notably lower than the national median property tax rate of 0.99%. These property taxes contribute to local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Flat Rock residents. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Flat Rock Tax Bill
$406
Average Dekalb County Tax Bill
$412
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Flat Rock, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35966 | $77 | $190 | $406 | $630 | $935 |
Source: Ownwell