Fultondale, Alabama Property Taxes
The median property tax rate in Fultondale, AL is 0.53%, slightly higher than the Alabama state median of 0.47% but still below the national median of 0.99%. With a median home value of $171,900 in Fultondale, the typical annual property tax bill is $1,008, which is significantly lower than the national median of $2,690. Property taxes in Fultondale are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fultondale'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 Fultondale 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
Fultondale, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Fultondale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fultondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fultondale 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 Fultondale, Alabama
Property taxes in Fultondale, Alabama, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fultondale is 0.53%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Fultondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fultondale 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 Fultondale's effective property tax rate to other areas in Alabama and the national median. For comparison, the zip code 35068 has the highest and lowest median property tax rate of 0.53%. Understanding how these rates compare with Fultondale provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fultondale Tax Rate
0.53%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fultondale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35068 | 0.47% | 0.51% | 0.53% | 0.54% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Fultondale, Alabama
In Fultondale, 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 Jefferson 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 Fultondale, 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 Fultondale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $171,900, with tax bills ranging from $737 at the 25th percentile to $1,803 at the 90th percentile. The zip code with the highest and lowest median tax bill is 35068, both valued at $1,008.
Average Fultondale Assessed Value
$171,900
Average Jefferson County Assessed Value
$150,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fultondale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35068 | $88,920 | $134,600 | $171,900 | $228,800 | $299,280 |
Source: Ownwell
Property Tax Bills Across Fultondale, Alabama
In Fultondale, Jefferson County, AL, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is a percentage of the home's market value, which is then multiplied by the local property tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Fultondale, the median home price stands at $171,900. The tax bills vary significantly, with the 25th percentile at $737 and the 75th percentile reaching $1,413. The 90th percentile tax bill can be as high as $1,803. The highest and lowest median tax bills in the area are both $1,008, indicating a relatively consistent rate within the zip code 35068. Compared to the national median property tax rate of 0.99%, Fultondale's property tax rates are relatively moderate, providing a balanced tax environment for homeowners. This consistency helps homeowners anticipate and manage their annual property tax expenses more effectively.
Average Fultondale Tax Bill
$1,008
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Fultondale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35068 | $537 | $737 | $1,008 | $1,413 | $1,803 |
Source: Ownwell