Prattville, Alabama Property Taxes
The median property tax rate in Prattville, AL is 0.42%, which is significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $88,905 in Prattville, the typical annual property tax bill amounts to $553, well below the national median of $2,690. Property taxes in Prattville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Prattville’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 Prattville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Prattville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$373
$347
Ownwell’s Prattville Property Tax Bill Calculator allows homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Prattville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prattville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you make informed decisions. For those interested in neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Prattville, Alabama
Property taxes in Prattville, Alabama, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Prattville is 0.42%, significantly lower than the U.S. national median of 0.99%. Local government entities within Prattville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prattville 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 Prattville's effective property tax rate to other areas in Elmore County and the national median. For comparison, the 36067 zip code has the highest median property tax rate of 0.77%, while the 36066 zip code has the lowest median tax rate of 0.42%. Understanding how these cities compare with Prattville provides valuable insights into the varying tax landscape across Elmore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Prattville Tax Rate
0.42%
Average Elmore County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prattville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36066 | 0.17% | 0.36% | 0.42% | 0.85% | 0.86% |
| 36067 | 0.41% | 0.54% | 0.77% | 0.78% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Prattville, Alabama
In Prattville, 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 Elmore 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. Assessment notices in Prattville 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. Being aware of these valuation processes in Prattville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Prattville is $553.00 in the 36066 zip code, while the lowest median tax bill is $370.00 in the 36067 zip code.
Average Prattville Assessed Value
$88,905
Average Elmore County Assessed Value
$185,990
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Prattville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36066 | $63,096 | $67,260 | $89,060 | $143,775 | $290,480 |
| 36067 | $35,404 | $46,510 | $65,020 | $91,310 | $107,084 |
Source: Ownwell
Property Tax Bills Across Prattville, Alabama
In Prattville, located in Elmore County, AL, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. The median home price in Prattville is $88,905. Property taxes are then applied to this assessed value at the local tax rate. Homeowners in Prattville can expect to pay a median property tax bill of around $553 in the 36066 zip code, while those in the 36067 zip code pay a lower median of $370. Factors such as property location, home value, and local tax rates play significant roles in determining the final tax bill. For example, tax bills can range from $314 at the 25th percentile to $1,126 at the 90th percentile, showcasing the variability based on these factors. This variability impacts homeowners differently, influencing their annual financial planning and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Prattville’s property tax rates can be considered relatively moderate, providing some relief to homeowners in the region.
Average Prattville Tax Bill
$553
Average Elmore County Tax Bill
$602
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Prattville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36066 | $147 | $316 | $553 | $803 | $1,128 |
| 36067 | $246 | $292 | $370 | $443 | $487 |
Source: Ownwell