Tyler, Alabama Property Taxes
The median property tax rate in Tyler, Alabama is 0.42%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Tyler at $123,810, the typical annual property tax bill reaches $630, significantly below the national median of $2,690. Property taxes in Tyler are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tyler'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 Tyler 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
Tyler, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$520
$483
Ownwell’s Tyler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tyler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tyler 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 Tyler, Alabama
Property taxes in Tyler, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tyler is 0.42%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Tyler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tyler 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 Tyler's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36785 zip code has both the highest and lowest median property tax rate of 0.42%. Understanding how these cities compare with Tyler 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 Tyler Tax Rate
0.42%
Average Lowndes County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tyler, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36785 | 0.24% | 0.34% | 0.42% | 0.48% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Tyler, Alabama
In Tyler, 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. In Tyler, 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 Tyler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Tyler's zip code 36785 has both the highest and lowest median tax bill at $630.
Average Tyler Assessed Value
$123,810
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 Tyler, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36785 | $43,242 | $76,845 | $123,810 | $236,928 | $449,642 |
Source: Ownwell
Property Tax Bills Across Tyler, Alabama
In Tyler, property tax bills are determined 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 calculate the annual tax bill. For example, with a median home price of $123,810, homeowners can expect varying tax bills depending on their specific property assessments. Factors such as property location, size, and improvements play a significant role in determining the assessed value. Homeowners in Tyler may see tax bills ranging from $315 at the 25th percentile to $1,035 at the 75th percentile, with the 90th percentile reaching up to $1,931. Compared to the national median property tax rate of 0.99%, Tyler’s rates can be more manageable, but still significant for homeowners. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Tyler Tax Bill
$630
Average Lowndes County Tax Bill
$581
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Tyler, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36785 | $143 | $315 | $630 | $1,035 | $1,931 |
Source: Ownwell