Detroit, Alabama Property Taxes
The median property tax rate in Detroit, AL is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Detroit, the typical annual property tax bill amounts to $233, well below the national median of $2,690. Property taxes in Detroit 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 Detroit'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 Detroit 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
Detroit, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$234
Ownwell’s Detroit Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Detroit with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Detroit 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 Detroit, Alabama
Property taxes in Detroit, Alabama, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Detroit is 0.33%, significantly lower than the U.S. national median of 0.99%. Local government entities within Detroit set these rates annually, and they can vary significantly across different neighborhoods. Each year, Detroit 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 Detroit'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 found in Jefferson County at 0.66%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these cities compare with Detroit provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Detroit Tax Rate
0.28%
Average Lamar County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Detroit, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35552 | 0.10% | 0.22% | 0.28% | 0.37% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Detroit, Alabama
In Detroit, 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 Lamar 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 Detroit, 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. For instance, the median home price in Detroit is $83,620, with tax bills ranging from $109 at the 25th percentile to $673 at the 90th percentile. The zip code 35552 has the highest and lowest median tax bill at $233. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Detroit Assessed Value
$83,620
Average Lamar County Assessed Value
$83,780
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Detroit, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35552 | $22,412 | $42,870 | $83,620 | $140,745 | $198,006 |
Source: Ownwell
Property Tax Bills Across Detroit, Alabama
In Detroit, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's location, property size, and any improvements can influence the assessed value. For example, in Lamar County, the median home price is $83,620. Homeowners in Detroit can expect their tax bills to vary significantly. The 25th percentile tax bill is approximately $109, while the 75th percentile tax bill reaches around $451, and the 90th percentile can go up to $673. These figures illustrate the range homeowners might encounter based on their property's assessed value and specific characteristics. Comparatively, Detroit's tax bills might seem lower than the national median property tax rate of 0.99%, but they still represent a significant expense for homeowners, impacting their overall financial planning and homeownership costs.
Average Detroit Tax Bill
$233
Average Lamar County Tax Bill
$248
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Detroit, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35552 | $36 | $109 | $233 | $451 | $673 |
Source: Ownwell