Bridgeport, Alabama Property Taxes
The median property tax rate in Bridgeport, AL is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $71,850 in Bridgeport, the typical annual property tax bill is $283, well below the national median of $2,690. Property taxes in Bridgeport are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Bridgeport's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're in the heart of Bridgeport or another part of Jackson County, a thorough grasp of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Bridgeport, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$237
Ownwell’s Bridgeport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bridgeport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bridgeport 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 Bridgeport, Alabama
Property taxes in Bridgeport, Alabama, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Bridgeport is 0.33%, which is significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Bridgeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgeport estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 Bridgeport's effective property tax rate to other counties in Alabama and the national median. For comparison, 35242 in Jefferson County has the highest median property tax rate of 0.66%, while 35967 in DeKalb County has the lowest median tax rate of 0.16%. Understanding how these cities compare with Bridgeport provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bridgeport Tax Rate
0.33%
Average Jackson County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bridgeport, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35740 | 0.23% | 0.27% | 0.33% | 0.43% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeport, Alabama
In Bridgeport, 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 Jackson 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 Bridgeport, 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 Bridgeport is $71,850, and tax bills vary widely. For example, the 25th percentile tax bill is $142, while the 75th percentile tax bill is $493. The highest median tax bill is $283 in the 35740 zip code, which also has the lowest median tax bill at $283. 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 Bridgeport Assessed Value
$71,850
Average Jackson County Assessed Value
$104,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bridgeport, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35740 | $21,380 | $39,200 | $71,850 | $134,325 | $210,890 |
Source: Ownwell
Property Tax Bills Across Bridgeport, Alabama
Property tax bills in Bridgeport, located in Jackson County, AL, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Bridgeport is $71,850, and tax rates are applied to this assessed value to determine the annual tax bill. Tax bills can vary significantly; for instance, the 25th percentile tax bill is $142, while the 75th percentile tax bill is $493. At the higher end, the 90th percentile tax bill reaches $712. These variations consider factors such as property type, location, and any applicable exemptions. Homeowners in Bridgeport should be aware that property taxes directly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Bridgeport's property tax rates may offer some relief, but the exact amount still depends on individual property assessments. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Bridgeport Tax Bill
$283
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Bridgeport, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35740 | $69 | $142 | $283 | $493 | $712 |
Source: Ownwell