Ralph, Alabama Property Taxes
The median property tax rate in Ralph, Alabama is 0.37%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Ralph at $60,300, the typical annual property tax bill comes to $234, well below the national median of $2,690. Property taxes in Ralph 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 Ralph’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 Ralph 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
Ralph, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$223
$207
Ownwell’s Ralph Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ralph with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ralph 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 Ralph, Alabama
Property taxes in Ralph, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ralph is 0.37%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Ralph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ralph 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 Ralph'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 significantly higher, while the lowest median tax rate is much lower. Understanding how these cities compare with Ralph 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 Ralph Tax Rate
0.37%
Average Greene County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ralph, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35480 | 0.24% | 0.28% | 0.37% | 0.45% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Ralph, Alabama
In Ralph, 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 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 Ralph, 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. The median home price in Ralph is $60,300, and homeowners can expect tax bills ranging from $116 at the 25th percentile to $848 at the 90th percentile. The zip code with the highest median tax bill is 35480, where the median tax bill is $234. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ralph Assessed Value
$60,300
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 Ralph, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35480 | $27,900 | $38,650 | $60,300 | $144,525 | $232,750 |
Source: Ownwell
Property Tax Bills Across Ralph, Alabama
In Ralph, located in Greene County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Ralph is $60,300. Homeowners in this area typically see property tax bills ranging from $116 at the 25th percentile to $532 at the 75th percentile, with the 90th percentile reaching up to $848. These figures highlight the variability in property tax bills depending on the assessed value and specific tax rates applied. Factors considered in determining the tax bill include the home's assessed value and the local tax rate set by Greene County. The highest median tax bill recorded in the area is $234, which is consistent across different zip codes within the county. Compared to the national median property tax rate of 0.99%, Ralph's property taxes are relatively low, providing some financial relief to homeowners. This can make homeownership more affordable and appealing in this region.
Average Ralph Tax Bill
$234
Average Greene County Tax Bill
$290
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Ralph, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35480 | $80 | $116 | $234 | $532 | $848 |
Source: Ownwell