Perdido, Alabama Property Taxes
The median property tax rate in Perdido, AL is 0.32%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Perdido, the typical annual property tax bill reaches $402, well below the national median of $2,690. Property taxes in Perdido 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 Perdido'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 Perdido or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perdido, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$248
Ownwell’s Perdido Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perdido with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perdido 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 Perdido, Alabama
Property taxes in Perdido, Alabama, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Perdido is 0.32%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Perdido set these rates annually, and they can vary across different neighborhoods. Each year, Perdido 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 Perdido'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 in Jefferson County at 0.66%, while the lowest median tax rate is in Perry County at 0.17%. Understanding how these cities compare with Perdido 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 Perdido Tax Rate
0.32%
Average Escambia County Tax Rate
0.44%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perdido, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36562 | 0.22% | 0.28% | 0.32% | 0.69% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Perdido, Alabama
In Perdido, 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 Perdido, 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 Perdido is $77,510, with tax bills ranging from $179 at the 25th percentile to $837 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 36562, at $402. Being aware of these valuation processes in Perdido helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Perdido Assessed Value
$77,510
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 Perdido, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36562 | $30,250 | $48,940 | $77,510 | $155,060 | $182,600 |
Source: Ownwell
Property Tax Bills Across Perdido, Alabama
In Perdido, located in Escambia County, Alabama, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The median home price in Perdido is $77,510. The property tax rate in Alabama is relatively low compared to the national median property tax rate of 0.99%. This means homeowners in Perdido generally enjoy lower property tax bills. The tax bill varies significantly across different percentiles. For instance, the tax bill at the 25th percentile is $179, while at the 75th percentile, it rises to $540. At the 90th percentile, homeowners can expect a tax bill of approximately $837. Factors influencing these variations include the property's assessed value and any applicable exemptions or deductions. For homeowners in Perdido, these property tax bills can impact their overall housing costs, making homeownership more affordable compared to other regions with higher tax rates. This affordability can be a significant advantage for both current residents and potential homebuyers.
Average Perdido Tax Bill
$402
Average Escambia County Tax Bill
$424
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Perdido, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36562 | $81 | $179 | $402 | $540 | $837 |
Source: Ownwell