Fayette County, Alabama Property Taxes
The median property tax rate in Fayette County is 0.31%, which is significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value of $94,200 in Fayette County, the typical annual property tax bill is approximately $330, far below the national median of $2,690. Property taxes in Fayette County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Fayette County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Fayette or another part of Fayette County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fayette County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$292
$271
Ownwell’s Fayette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Fayette with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Fayette to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Fayette County, Alabama
Property taxes in Fayette play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Fayette is 0.31%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Fayette set these rates annually, and they can vary significantly between different areas within the county. Each year, Fayette estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. Analyzing how Fayette's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Fayette County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fayette County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bankston | 0.16% | 0.23% | 0.28% | 0.37% | 0.62% |
| Belk | 0.25% | 0.29% | 0.34% | 0.64% | 0.81% |
| Berry | 0.17% | 0.24% | 0.30% | 0.54% | 0.72% |
| Carbon Hill | 0.16% | 0.22% | 0.28% | 0.41% | 0.62% |
| Eldridge | 0.17% | 0.23% | 0.29% | 0.34% | 0.62% |
| Fayette | 0.21% | 0.27% | 0.35% | 0.62% | 0.82% |
| Glen Allen | 0.20% | 0.27% | 0.30% | 0.33% | 0.56% |
| Guin | 0.16% | 0.24% | 0.29% | 0.54% | 0.62% |
| Kennedy | 0.21% | 0.24% | 0.31% | 0.59% | 0.72% |
| Oakman | N/A | N/A | N/A | N/A | N/A |
| Winfield | 0.21% | 0.26% | 0.30% | 0.50% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Fayette County, Alabama
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Fayette County, Alabama. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Fayette County Appraisal District. The assessed value, however, 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 Fayette County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the city of Belk has the highest median tax bill at $457, while Berry has the lowest at $231. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Fayette County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Fayette County Assessed Value
$94,200
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fayette County, Alabama
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bankston | $18,440 | $42,100 | $90,700 | $155,250 | $218,660 |
| Belk | $39,350 | $56,725 | $80,750 | $129,200 | $275,430 |
| Berry | $11,580 | $30,000 | $76,000 | $139,000 | $224,540 |
| Carbon Hill | $23,200 | $41,400 | $96,700 | $155,400 | $217,440 |
| Eldridge | $18,250 | $44,175 | $93,400 | $181,725 | $277,750 |
| Fayette | $24,950 | $51,600 | $96,600 | $170,050 | $263,420 |
| Glen Allen | $19,060 | $30,875 | $82,200 | $169,750 | $253,640 |
| Guin | $12,240 | $41,400 | $101,400 | $156,350 | $255,720 |
| Kennedy | $24,670 | $46,175 | $81,450 | $143,675 | $213,700 |
| Oakman | N/A | N/A | N/A | N/A | N/A |
| Winfield | $21,930 | $51,950 | $115,550 | $194,000 | $270,700 |
Source: Ownwell
Property Tax Bills Across Fayette County, Alabama
In Fayette County, Alabama, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. Homeowners in Fayette County experience a range of property tax bills, with the 25th percentile at $150 and the 75th percentile at $598. The highest median tax bill is found in Belk at $457, while Berry has the lowest median tax bill at $231. These amounts are significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners must stay informed about their property's assessed value and any changes in local tax rates to anticipate their tax obligations. Lower property tax bills can be beneficial for homeowners, making Fayette County an attractive option for those looking to minimize their annual expenses. However, it is essential to regularly review and appeal assessments to ensure fair taxation.
Average Fayette County Tax Bill
$330
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Fayette County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bankston | $44 | $109 | $249 | $471 | $697 |
| Belk | $184 | $226 | $457 | $752 | $980 |
| Berry | $32 | $82 | $231 | $444 | $793 |
| Carbon Hill | $45 | $106 | $271 | $452 | $770 |
| Eldridge | $44 | $121 | $306 | $548 | $836 |
| Fayette | $76 | $187 | $370 | $651 | $1,045 |
| Glen Allen | $52 | $158 | $236 | $451 | $611 |
| Guin | $62 | $106 | $266 | $487 | $881 |
| Kennedy | $72 | $146 | $248 | $484 | $661 |
| Oakman | N/A | N/A | N/A | N/A | N/A |
| Winfield | $52 | $151 | $371 | $638 | $921 |
Source: Ownwell