Greene County Property Taxes
The median property tax rate in Greene County is 0.45%, which is significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Greene County at $64,700, the typical annual property tax bill is approximately $290, far below the national median of $2,690. Property taxes in Greene 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 Greene 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 Eutaw or another part of Greene County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greene County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$291
$270
Ownwell’s Greene County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Greene County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Greene County 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 Greene County, Alabama
Property taxes in Greene County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Greene County is 0.45%, which is lower than the U.S. national median of 0.99%. Local government entities within Greene County set these rates annually, and they can vary significantly between different areas within the county. Each year, Greene County 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. The following data compares Greene County's effective property tax rate with other counties in Alabama and the national median. For comparison, the city of Fosters has one of the higher property tax rates in Alabama at 0.49%, while the city of Boligee boasts one of the lowest at 0.45%. Analyzing how Greene County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Greene County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greene County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aliceville | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
| Boligee | 0.21% | 0.31% | 0.45% | 0.45% | 0.68% |
| Eutaw | 0.28% | 0.40% | 0.47% | 0.62% | 0.89% |
| Forkland | 0.23% | 0.36% | 0.45% | 0.50% | 0.72% |
| Fosters | 0.30% | 0.41% | 0.49% | 0.58% | 0.61% |
| Gainesville | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
| Knoxville | 0.24% | 0.28% | 0.37% | 0.45% | 0.45% |
| Ralph | 0.24% | 0.28% | 0.37% | 0.45% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Greene County, Alabama
In Greene County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Greene 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 Greene 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. 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 Greene County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Greene County, Aliceville has the highest median tax bill at $822, while Gainesville has the lowest at $142.
Average Greene County Assessed Value
$64,700
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greene County, Alabama
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aliceville | $184,600 | $184,600 | $184,600 | $184,600 | $184,600 |
| Boligee | $13,190 | $26,800 | $47,750 | $105,175 | $248,470 |
| Eutaw | $20,000 | $39,600 | $75,800 | $131,400 | $221,400 |
| Forkland | $15,850 | $29,475 | $54,850 | $103,200 | $182,300 |
| Fosters | $14,000 | $25,175 | $53,600 | $73,975 | $92,170 |
| Gainesville | $12,340 | $16,250 | $31,800 | $40,800 | $51,820 |
| Knoxville | $19,150 | $32,900 | $73,150 | $145,700 | $227,800 |
| Ralph | $27,900 | $38,650 | $60,300 | $144,525 | $232,750 |
Source: Ownwell
Property Tax Bills Across Greene County, Alabama
In Greene County, AL, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Greene County face property tax bills that vary significantly depending on their property's value and location. For instance, the median home price in the county is $64,700. Property taxes can range widely, with the 25th percentile tax bill being $139 and the 75th percentile tax bill reaching $619. At the higher end, the 90th percentile tax bill can be as much as $1,064. The city with the highest median tax bill in the county is Aliceville, at $822, while Gainesville has the lowest, at $142. These variations in property tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Greene County's rates can be seen as relatively moderate, offering some relief to local homeowners.
Average Greene County Tax Bill
$290
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Greene County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aliceville | $822 | $822 | $822 | $822 | $822 |
| Boligee | $54 | $103 | $200 | $441 | $955 |
| Eutaw | $86 | $174 | $389 | $721 | $1,148 |
| Forkland | $65 | $113 | $227 | $442 | $802 |
| Fosters | $63 | $123 | $206 | $344 | $532 |
| Gainesville | $56 | $89 | $142 | $144 | $145 |
| Knoxville | $74 | $166 | $315 | $538 | $871 |
| Ralph | $80 | $116 | $234 | $532 | $848 |
Source: Ownwell