Auburn University, Alabama Property Taxes
The median property tax rate in Auburn University, AL is 1.08%, notably higher than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Auburn University at $89,860, the typical annual property tax bill reaches $970, which is below the national median of $2,690. Property taxes in Auburn University are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Auburn University'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 Auburn University 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
Auburn University, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$970
$901
Ownwell’s AUBURN UNIVERSITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AUBURN UNIVERSITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AUBURN UNIVERSITY 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 University, Alabama
Property taxes in Auburn University, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn University is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Auburn University set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn University 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 University's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36849 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Auburn University 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 University Tax Rate
1.08%
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 University, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36849 | 0.65% | 0.81% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Auburn University, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Auburn University, 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 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. 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 Auburn University helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 36849 has both the highest and lowest median tax bill at $970, reflecting the uniformity in property tax assessments within this area.
Property Tax Assessment Values Across Auburn University, Alabama
Source: Ownwell
$62,900
$258,190
$453,480
Average Auburn University Assessed Value
$89,860
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 University, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36849 | $89,860 | $89,860 | $89,860 | $89,860 | $89,860 |
Source: Ownwell
Property Tax Bills Across Auburn University, Alabama
Property tax bills in Auburn University, located in Lee County, Alabama, are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value. In this region, homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $727 and the 75th percentile at $970. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the highest median tax bill recorded in the area is $970, which aligns with the 75th percentile, indicating a relatively consistent tax rate within this zip code. Compared to the national median property tax rate of 0.99%, Auburn University's property taxes can be considered moderate. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby playing a crucial role in community development and quality of life.
Average Auburn University Tax Bill
$970
Average Lee County Tax Bill
$1,329
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn University, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36849 | $582 | $727 | $970 | $970 | $970 |
Source: Ownwell