Shorter, Macon County, Alabama Property Taxes
The median property tax rate in Shorter, Alabama is 0.47%, aligning with the state median but significantly lower than the national median of 0.99%. Given the median home value in Shorter, the typical annual property tax bill amounts to $393, which is substantially below the national median of $2,690. Property taxes in Shorter are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural use. Understanding Shorter'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 Shorter or another part of Macon County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shorter, Macon County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$383
$356
Ownwell’s SHORTER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SHORTER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SHORTER 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 Shorter, Macon County, Alabama
Property taxes in SHORTER, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in SHORTER is 0.47%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within SHORTER set these rates annually, and they can vary significantly across different neighborhoods. Each year, SHORTER 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 SHORTER's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36075 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these cities compare with SHORTER 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 Shorter Tax Rate
0.47%
Average Macon County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shorter, Macon County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36075 | 0.25% | 0.38% | 0.47% | 0.56% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Shorter, Macon County, Alabama
In Shorter, 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 Shorter, 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. The zip code with the highest median tax bill is 36075, with a value of $393, while the lowest median tax bill is also in the 36075 zip code. Being aware of these valuation processes in Shorter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Shorter, Macon County, Alabama
Source: Ownwell
$39,000
$138,790
$238,580
Average Shorter Assessed Value
$81,540
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 Shorter, Macon County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36075 | $20,236 | $37,760 | $81,540 | $172,380 | $321,800 |
Source: Ownwell
Property Tax Bills Across Shorter, Macon County, Alabama
In SHORTER, located in Macon County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property, and in Alabama, this percentage is typically set at 10% for residential properties. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For example, the median home price in SHORTER is $81,540, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile might see a tax bill around $175, while those in the 75th percentile could face a bill closer to $868. At the 90th percentile, tax bills can reach up to $1,435. These property taxes significantly impact homeowners by influencing their annual expenses and overall financial planning.
Average Shorter Tax Bill
$393
Average Macon County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Shorter, Macon County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36075 | $85 | $175 | $393 | $868 | $1,435 |
Source: Ownwell