Sardis, Alabama Property Taxes
The median property tax rate in Sardis, AL is 0.41%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Sardis at $143,645, the typical annual property tax bill amounts to $526, which is well below the national median of $2,690. Property taxes in Sardis are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sardis'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 Sardis or another part of Lowndes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sardis, 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 Sardis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sardis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sardis 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 Sardis, Alabama
Property taxes in Sardis, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sardis is 0.41%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Sardis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sardis 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 Sardis's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36775 zip code has the highest median property tax rate of 0.41%, while also having the lowest median tax rate of 0.41%. Understanding how these cities compare with Sardis provides valuable insights into the varying tax landscape across Lowndes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sardis Tax Rate
0.41%
Average Lowndes County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sardis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36775 | 0.24% | 0.28% | 0.41% | 0.45% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Sardis, Alabama
In Sardis, 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 Lowndes 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. For instance, the highest median tax bill in Sardis is $526 in the 36775 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sardis Assessed Value
$143,645
Average Lowndes County Assessed Value
$118,330
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sardis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36775 | $42,090 | $64,590 | $143,645 | $208,545 | $386,205 |
Source: Ownwell
Property Tax Bills Across Sardis, Alabama
Property tax bills in Sardis, located in Lowndes County, AL, are determined based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $143,645, the property tax rate of 0.99% would result in an approximate tax bill of $1,422 annually. However, actual tax bills can vary widely. Homeowners in Sardis might see tax bills as low as $368 at the 25th percentile or as high as $809 at the 75th percentile. Those at the 90th percentile could face tax bills around $1,107. These variations are due to differences in property values and any applicable exemptions or deductions. Understanding these factors helps homeowners budget effectively and anticipate their annual expenses. Comparing these figures with the national median property tax rate of 0.99% provides a clearer picture of how Sardis stacks up against other regions.
Average Sardis Tax Bill
$526
Average Lowndes County Tax Bill
$581
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Sardis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36775 | $195 | $368 | $526 | $809 | $1,107 |
Source: Ownwell