Auburn, Alabama Property Taxes
The median property tax rate in Auburn, AL is 0.53%, slightly higher than the Alabama state median of 0.47% but still below the national median of 0.99%. With the median home value in Auburn at $292,180, the typical annual property tax bill amounts to $1,912, which is significantly less than the national median of $2,690. Property taxes in Auburn are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Auburn'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 Auburn or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Auburn, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,549
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Alabama
Property taxes in Auburn, Alabama, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.53%, which is below the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other areas in Lee County and the national median. For comparison, the zip code 36831 has the highest median property tax rate of 0.80%, while zip code 36879 has the lowest median tax rate of 0.53%. Understanding how these cities compare with Auburn provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
0.53%
Average Lee County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36830 | 0.47% | 0.52% | 0.53% | 1.08% | 1.08% |
| 36831 | 0.58% | 0.66% | 0.80% | 0.94% | 1.03% |
| 36832 | 0.47% | 0.52% | 0.54% | 1.08% | 1.08% |
| 36879 | 0.35% | 0.46% | 0.53% | 0.53% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Alabama
In Auburn, 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 Lee 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 Auburn, 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. For instance, the highest median tax bill in Auburn is $1,990 in the 36830 zip code, while the lowest median tax bill is $942 in the 36831 zip code. 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Auburn Assessed Value
$292,180
Average Lee County Assessed Value
$237,000
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36830 | $168,266 | $225,255 | $304,910 | $439,245 | $645,118 |
| 36831 | $43,852 | $80,590 | $141,820 | $230,830 | $284,236 |
| 36832 | $90,350 | $159,455 | $254,140 | $358,335 | $457,170 |
| 36879 | $101,984 | $274,100 | $372,060 | $494,120 | $637,216 |
Source: Ownwell
Property Tax Bills Across Auburn, Alabama
In Auburn, located in Lee County, Alabama, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Auburn see a range of tax bills, with the 25th percentile at approximately $1,355 and the 75th percentile at around $2,626. Those in the 90th percentile can expect to pay about $3,596. The median home price in Auburn is $292,180, which influences the assessed value and, consequently, the tax bill. The highest median tax bill in Auburn is $1,990, found in the 36830 zip code, while the lowest median tax bill is $942, located in the 36831 zip code. These variations are due to differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Auburn's tax rates provide a relatively moderate burden on homeowners, impacting their annual financial planning and overall cost of living.
Average Auburn Tax Bill
$1,912
Average Lee County Tax Bill
$1,329
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36830 | $1,080 | $1,437 | $1,990 | $2,806 | $3,771 |
| 36831 | $356 | $576 | $942 | $1,308 | $1,527 |
| 36832 | $602 | $1,072 | $1,770 | $2,340 | $3,053 |
| 36879 | $433 | $1,321 | $1,942 | $2,638 | $3,501 |
Source: Ownwell