Glen Allen, Fayette County, Alabama Property Taxes
The median property tax rate in Glen Allen, Alabama is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Glen Allen, the typical annual property tax bill is $236, well below the national median of $2,690. Property taxes in Glen Allen are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glen Allen'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 Glen Allen 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
Glen Allen, Fayette County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$247
$229
Ownwell’s Glen Allen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Allen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Allen 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 Glen Allen, Fayette County, Alabama
Property taxes in Glen Allen, Alabama, are essential for funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Glen Allen is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Glen Allen set these rates annually, and they can vary across different neighborhoods. Each year, Glen Allen 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 Glen Allen'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 Choctaw County at 0.16%. Understanding how these cities compare with Glen Allen provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Allen Tax Rate
0.30%
Average Fayette County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Allen, Fayette County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35559 | 0.20% | 0.27% | 0.30% | 0.33% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Glen Allen, Fayette County, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glen Allen, Alabama. 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 Fayette 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 Glen Allen, 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. For example, the highest median tax bill in the area is $236 in the 35559 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Glen Allen, Fayette County, Alabama
Source: Ownwell
$76,000
$95,775
$115,550
Average Glen Allen Assessed Value
$82,200
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 Glen Allen, Fayette County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35559 | $19,060 | $30,875 | $82,200 | $169,750 | $253,640 |
Source: Ownwell
Property Tax Bills Across Glen Allen, Fayette County, Alabama
In Glen Allen, property tax bills are calculated based on the assessed value of homes, which is determined by the Fayette County tax assessor. This assessed value is a percentage of the property's market value. For instance, with a median home price of $82,200, the tax bill can vary significantly. Factors such as property location, improvements, and market conditions play a crucial role in determining this assessed value. Homeowners in Glen Allen can expect property tax bills ranging from $158 at the 25th percentile to $611 at the 90th percentile, with the median tax bill being $236. This is considerably lower than the national median property tax rate of 0.99%. The tax bill directly impacts homeowners by influencing their annual expenses and potentially their ability to afford their homes. It is essential for homeowners to stay informed about their property's assessed value and any available exemptions to manage their tax liabilities effectively.
Average Glen Allen Tax Bill
$236
Average Fayette County Tax Bill
$330
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Allen, Fayette County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35559 | $52 | $158 | $236 | $451 | $611 |
Source: Ownwell