Flat Rock, Alabama Property Taxes
The median property tax rate in Flat Rock, Alabama is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Flat Rock at $87,950, the typical annual property tax bill is around $259, well below the national median of $2,690. Property taxes in Flat Rock are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Flat Rock'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 Flat Rock or another part of Jackson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Flat Rock, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$237
$220
Ownwell’s FLAT ROCK Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in FLAT ROCK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FLAT ROCK to estimate your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is the value assigned by Jackson County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Flat Rock, Alabama
Property taxes in Flat Rock, Alabama, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Flat Rock is 0.27%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Flat Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flat Rock 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 Flat Rock'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 0.16%. Understanding how these cities compare with Flat Rock 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 Flat Rock Tax Rate
0.27%
Average Jackson County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flat Rock, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35966 | 0.17% | 0.22% | 0.27% | 0.30% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Flat Rock, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Flat Rock, 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 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 Flat Rock, 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 Flat Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Flat Rock is $87,950, with tax bills ranging from $124 at the 25th percentile to $774 at the 90th percentile. The highest and lowest median tax bills are both $259, found in the 35966 zip code.
Average Flat Rock Assessed Value
$87,950
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 Flat Rock, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35966 | $27,290 | $49,150 | $87,950 | $160,325 | $248,110 |
Source: Ownwell
Property Tax Bills Across Flat Rock, Alabama
In Flat Rock, located in Jackson County, Alabama, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value. Homeowners in Flat Rock experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is around $124, while the 75th percentile tax bill reaches $463. At the 90th percentile, homeowners might see tax bills as high as $774. These variations are influenced by multiple factors, including the property's assessed value and the local tax rate. The median home price in Flat Rock is $87,950, which plays a crucial role in determining the tax bill. Homeowners with properties valued at or above this median may face higher tax bills compared to those with lower-valued properties. Compared to the national median property tax rate of 0.99%, the rates in Flat Rock can be considerably lower, making it relatively more affordable for homeowners.
Average Flat Rock Tax Bill
$259
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Flat Rock, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35966 | $60 | $124 | $259 | $463 | $774 |
Source: Ownwell