Abbeville, Alabama Property Taxes
The median property tax rate in Abbeville, Alabama is 0.37%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Abbeville, the typical annual property tax bill reaches $400, significantly below the national median of $2,690. Property taxes in Abbeville 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 Abbeville'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 Abbeville 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
Abbeville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$345
$320
Ownwell’s Abbeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abbeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abbeville 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 Abbeville, Alabama
Property taxes in Abbeville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abbeville is 0.37%, which is significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Abbeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abbeville 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 Abbeville'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 0.66%, while the lowest median tax rate is 0.14%. Understanding how these cities compare with Abbeville provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abbeville Tax Rate
0.37%
Average Henry County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abbeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36310 | 0.20% | 0.31% | 0.37% | 0.74% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Abbeville, Alabama
In Abbeville, 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 Henry 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 Abbeville, 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. Being aware of these valuation processes in Abbeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Abbeville is $93,302, with the highest and lowest median tax bills both being $400 in zip code 36310.
Average Abbeville Assessed Value
$93,302
Average Henry County Assessed Value
$118,764
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abbeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36310 | $23,509 | $46,736 | $93,302 | $180,706 | $278,348 |
Source: Ownwell
Property Tax Bills Across Abbeville, Alabama
In Abbeville, located in Henry 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 Abbeville is $93,302. Property taxes are determined by multiplying the assessed value by the local tax rate. For example, the median tax bill in Abbeville is $400 annually, significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's assessed value, any applicable exemptions, and the local tax rate. Homeowners in Abbeville can expect their tax bills to vary, with the 25th percentile paying around $180 and the 75th percentile paying up to $752. The highest tax bills, reaching the 90th percentile, are about $1,115. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in the area.
Average Abbeville Tax Bill
$400
Average Henry County Tax Bill
$519
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Abbeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36310 | $71 | $180 | $400 | $752 | $1,115 |
Source: Ownwell