Phenix City, Alabama Property Taxes
The median property tax rate in Phenix City, AL is 0.41%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Phenix City at $196,900, the typical annual property tax bill is $857, well below the national median of $2,690. Property taxes in Phenix City 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 Phenix City'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 Phenix City or another part of Lee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Phenix City, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$807
$749
Ownwell’s Phenix City Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Phenix City with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Phenix City to provide an accurate estimate of your property tax bill. This useful tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value is the value assigned by Lee County for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Phenix City, Alabama
Property taxes in Phenix City, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Phenix City is 0.41%, significantly lower than the U.S. national median of 0.99%. Local government entities within Phenix City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Phenix City 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 Phenix City's effective property tax rate to other areas in Lee County and the national median. For comparison, the 36867 zip code has the highest median property tax rate of 0.57%, while the same zip code also holds the lowest median tax rate of 0.57%. Understanding how these areas compare with Phenix City 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 Phenix City Tax Rate
0.41%
Average Lee County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Phenix City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36867 | 0.41% | 0.51% | 0.57% | 0.59% | 1.20% |
| 36870 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Phenix City, Alabama
In Phenix City, 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 Phenix City, 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 highest median tax bill in the area is $1,403 in the 36867 zip code. Being aware of these valuation processes in Phenix City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Phenix City Assessed Value
$196,900
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 Phenix City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36867 | $151,888 | $198,260 | $246,800 | $322,560 | $449,052 |
| 36870 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Phenix City, Alabama
In Phenix City, located in Lee County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $196,900, the tax bill can vary significantly. The 25th percentile tax bill is approximately $599, while the 75th percentile tax bill reaches around $1,358. At the 90th percentile, homeowners may see tax bills as high as $1,948. These figures illustrate how property tax obligations can differ based on the assessed value and specific tax rates applied. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Phenix City should be aware that these tax bills impact their annual housing costs and budgeting. Compared to the national median property tax rate of 0.99%, Phenix City's tax rates can be more manageable, but it's essential for homeowners to stay informed about their specific tax obligations to avoid surprises.
Average Phenix City Tax Bill
$857
Average Lee County Tax Bill
$1,329
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Phenix City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36867 | $749 | $1,041 | $1,403 | $1,986 | $2,929 |
| 36870 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell