Wetumpka, Alabama Property Taxes
The median property tax rate in Wetumpka, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value in Wetumpka of $189,130, the typical annual property tax bill is $577, which is well below the national median of $2,690. Property taxes in Wetumpka are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Wetumpka'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 Wetumpka or another part of Elmore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wetumpka, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Wetumpka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wetumpka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wetumpka 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 Wetumpka, Alabama
Property taxes in Wetumpka, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wetumpka is 0.30%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Wetumpka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wetumpka 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 Wetumpka'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 found in Jefferson County at 0.66%, while the lowest median tax rate is in Conecuh County at 0.18%. Understanding how these cities compare with Wetumpka 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 Wetumpka Tax Rate
0.30%
Average Elmore County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wetumpka, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36092 | N/A | N/A | N/A | N/A | N/A |
| 36093 | 0.17% | 0.25% | 0.29% | 0.33% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Wetumpka, Alabama
In Wetumpka, 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. In Wetumpka, 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. The median home price in Wetumpka is $189,130, with tax bills ranging from $377 at the 25th percentile to $1,122 at the 90th percentile. The highest median tax bill is $660 in the 36093 zip code, which also has the lowest median 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wetumpka Assessed Value
$189,130
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 Wetumpka, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36092 | N/A | N/A | N/A | N/A | N/A |
| 36093 | $140,690 | $178,695 | $228,820 | $283,000 | $355,820 |
Source: Ownwell
Property Tax Bills Across Wetumpka, Alabama
In Wetumpka, located in Elmore County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For a median home price of $189,130, the property tax rate plays a crucial role in determining the final bill. The tax bill can vary significantly, with the 25th percentile at $377 and the 75th percentile reaching $803. At the 90th percentile, homeowners might see a tax bill as high as $1,122. These figures are influenced by several factors, including the local tax rate and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Wetumpka's property tax bills suggest a relatively moderate range. Homeowners need to consider these taxes as part of their overall housing costs, impacting affordability and long-term financial planning. The highest and lowest median tax bills in the area both stand at $660, indicating a level of consistency across different properties in the zip code 36093.
Average Wetumpka Tax Bill
$577
Average Elmore County Tax Bill
$602
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Wetumpka, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36092 | N/A | N/A | N/A | N/A | N/A |
| 36093 | $200 | $480 | $660 | $884 | $1,202 |
Source: Ownwell