Flomaton, Alabama Property Taxes
The median property tax rate in Flomaton, AL is 0.36%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Flomaton at $96,780, the typical annual property tax bill is $389, which is well below the national median of $2,690. Property taxes in Flomaton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Flomaton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Flomaton or another part of Escambia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Flomaton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$348
Ownwell’s Flomaton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flomaton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flomaton 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 Escambia County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Flomaton, Alabama
Property taxes in Flomaton, Alabama, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Flomaton is 0.36%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Flomaton set these rates annually, leading to variations across different neighborhoods. Each year, Flomaton 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 Flomaton's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the state is found in Birmingham at 0.85%, while the lowest median tax rate is in Huntsville at 0.25%. Understanding how these cities compare with Flomaton provides valuable insights into the varying tax landscape across Escambia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flomaton Tax Rate
0.36%
Average Escambia County Tax Rate
0.44%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flomaton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36441 | 0.26% | 0.31% | 0.36% | 0.70% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Flomaton, Alabama
In Flomaton, 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 Escambia 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 Flomaton, 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. Being aware of these valuation processes in Flomaton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $389.00 in zip code 36441, which also represents the lowest median tax bill, highlighting a relatively uniform tax burden across the region.
Average Flomaton Assessed Value
$96,780
Average Escambia County Assessed Value
$97,250
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flomaton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36441 | $19,208 | $53,380 | $96,780 | $153,470 | $229,782 |
Source: Ownwell
Property Tax Bills Across Flomaton, Alabama
In Flomaton, Escambia County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. The tax rate, often referred to as the millage rate, is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, exemptions for primary residences or senior citizens can significantly lower the tax burden. In Flomaton, the median home price is $96,780, with tax bills ranging from $211 at the 25th percentile to $875 at the 90th percentile. The median tax bill is $389, which is considerably lower than the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as property taxes can impact overall housing costs. Lower property taxes in Flomaton can make homeownership more affordable compared to regions with higher tax rates.
Average Flomaton Tax Bill
$389
Average Escambia County Tax Bill
$424
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Flomaton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36441 | $90 | $211 | $389 | $630 | $875 |
Source: Ownwell