Aliceville, Alabama Property Taxes
The median property tax rate in Aliceville, AL 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 Aliceville at $184,600, the typical annual property tax bill is $822, well below the national median of $2,690. Property taxes in Aliceville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Aliceville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Aliceville 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
Aliceville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$831
Ownwell’s Aliceville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aliceville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aliceville 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 Aliceville, Alabama
Property taxes in Aliceville, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aliceville is 0.45%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Aliceville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aliceville 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 Aliceville's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35442 zip code has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Aliceville provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aliceville Tax Rate
0.45%
Average Greene County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aliceville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35442 | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Aliceville, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Aliceville, 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 Greene 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 Aliceville, 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 Aliceville is $184,600, with the 25th, 75th, and 90th percentile tax bills all at $822. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aliceville Assessed Value
$184,600
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 Aliceville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35442 | $184,600 | $184,600 | $184,600 | $184,600 | $184,600 |
Source: Ownwell
Property Tax Bills Across Aliceville, Alabama
In Aliceville, located in Greene County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. For instance, with a median home price of $184,600, homeowners can expect their property tax bill to reflect a portion of this value. The tax rate in Aliceville is applied to the assessed value to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For example, the median property tax bill in Aliceville is $822, which aligns with the 25th, 75th, and 90th percentiles, indicating a consistent tax rate across different property values. This consistency helps homeowners predict their annual expenses more accurately. Compared to the national median property tax rate of 0.99%, Aliceville's property tax rate provides a relatively predictable and manageable financial obligation for homeowners.
Average Aliceville Tax Bill
$822
Average Greene County Tax Bill
$290
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Aliceville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35442 | $822 | $822 | $822 | $822 | $822 |
Source: Ownwell