Opelika, Alabama Property Taxes
The median property tax rate in Opelika, AL is 0.39%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Opelika, the typical annual property tax bill reaches $304, significantly below the national median of $2,690. Property taxes in Opelika 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 Opelika'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 Opelika 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
Opelika, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$357
$331
Ownwell’s Opelika Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Opelika with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Opelika 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 Opelika, Alabama
Property taxes in Opelika, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Opelika is 0.39%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Opelika set these rates annually, and they can vary significantly across different neighborhoods. Each year, Opelika 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 Opelika's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36801 zip code has the highest median property tax rate of 0.55%, while the same 36801 zip code also has the lowest median tax rate of 0.55%. Understanding how these areas compare with Opelika provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Opelika Tax Rate
0.39%
Average Macon County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Opelika, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36801 | 0.17% | 0.33% | 0.55% | 0.92% | 1.03% |
| 36804 | 0.10% | 0.19% | 0.36% | 0.51% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Opelika, Alabama
In Opelika, 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 Macon 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 Opelika, 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 Opelika helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Opelika is $349 in the 36801 zip code, while the lowest median tax bill is $298 in the 36804 zip code.
Average Opelika Assessed Value
$91,590
Average Macon County Assessed Value
$64,220
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Opelika, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36801 | $17,534 | $19,565 | $64,890 | $147,430 | $225,952 |
| 36804 | $20,222 | $37,185 | $106,370 | $150,735 | $329,144 |
Source: Ownwell
Property Tax Bills Across Opelika, Alabama
In Opelika, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by local property assessors. Several factors influence this assessed value, including the home's location, size, and condition. Homeowners in Opelika can expect a range of property tax bills, from the 25th percentile at $110 to the 90th percentile at $1,341. The median home price in Opelika is $91,590, which contributes to the overall tax calculation. For example, in the zip code 36801, the highest median tax bill is $349, whereas in zip code 36804, the lowest median tax bill is $298. These figures are significantly lower than the national median property tax rate of 0.99%. This relatively low property tax rate can be advantageous for homeowners, making Opelika an attractive location for property investment. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Opelika Tax Bill
$304
Average Macon County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Opelika, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36801 | $161 | $214 | $349 | $633 | $914 |
| 36804 | $48 | $102 | $298 | $754 | $1,341 |
Source: Ownwell