Ardmore, Alabama Property Taxes
The median property tax rate in Ardmore, AL is 0.43%, which is significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value in Ardmore of $141,100, the typical annual property tax bill comes to $683, well below the national median of $2,690. Property taxes in Ardmore are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ardmore'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 Ardmore 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
Ardmore, 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 Ardmore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ardmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ardmore 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 Ardmore, Alabama
Property taxes in Ardmore, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ardmore is 0.43%, which is lower than the U.S. national median of 0.99%. Local government entities within Ardmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ardmore 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 Ardmore's effective property tax rate to other areas in Alabama and the national median. For comparison, the zip code 35739 has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these areas compare with Ardmore provides valuable insights into the varying tax landscape across Limestone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ardmore Tax Rate
0.43%
Average Limestone County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ardmore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35739 | 0.25% | 0.34% | 0.43% | 0.72% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Ardmore, Alabama
In Ardmore, 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 Limestone 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 Ardmore, 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 Ardmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 35739, with a median bill of $683.
Average Ardmore Assessed Value
$141,100
Average Limestone County Assessed Value
$202,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ardmore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35739 | $56,350 | $95,425 | $141,100 | $218,950 | $293,800 |
Source: Ownwell
Property Tax Bills Across Ardmore, Alabama
In Ardmore, Limestone County, AL, 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. For example, with a median home price of $141,100, the property tax can vary significantly. Homeowners in the 25th percentile might pay around $427, while those in the 75th percentile could see bills as high as $1,014. The highest median tax bill in the area is $683, consistent across the zip code 35739. Several factors influence these tax bills, including the property's assessed value, any applicable exemptions, and the local tax rate. These taxes fund essential services like schools, public safety, and infrastructure, directly impacting community quality. Compared to the national median property tax rate of 0.99%, Ardmore's tax rates can be relatively favorable, providing some relief to homeowners while still supporting local services.
Average Ardmore Tax Bill
$683
Average Limestone County Tax Bill
$871
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Ardmore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35739 | $183 | $427 | $683 | $1,014 | $1,443 |
Source: Ownwell