Tuskegee Inst, Macon County, Alabama Property Taxes
Median TUSKEGEE INST, AL effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median TUSKEGEE INST, AL home value: $150,460
Median annual TUSKEGEE INST, AL tax bill: $1,835, $565 lower than the national median property tax bill of $2,400.
How are property taxes in Macon calculated?
Property taxes in TUSKEGEE INST, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding TUSKEGEE INST’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in TUSKEGEE INST, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tuskegee Inst, Macon County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.22%
Estimate Property Tax Bill
$1,836
$1,703
Property Tax Rates Across Tuskegee Inst, Macon County, Alabama
Local government entities determine tax rates, leading to significant variation within a state. This is because each year, counties estimate the budget needed to provide essential services and then divide this by the total value of all taxable property within their jurisdiction. This calculation yields the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In TUSKEGEE INST, located in Macon County, the effective property tax rate is a reflection of this process. When you compare it to other cities in Alabama, it offers insight into how local tax obligations stack up. Alabama's median property tax rate is slightly above the national median, making it crucial for property owners in TUSKEGEE INST to understand their local tax landscape. By knowing how their rates compare to the state and national medians, residents can make informed decisions about property ownership and potential tax appeals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Tuskegee Inst Taxx Rate
1.22%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Macon County Taxx Rate
0.52%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Tuskegee Inst, Macon County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36088 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Tuskegee Inst, Macon County, Alabama
When examining property taxes in TUSKEGEE INST, AL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Macon County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Macon County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in TUSKEGEE INST. For example, the median home price in TUSKEGEE INST is $150,460, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Tuskegee Inst, Macon County, Alabama
Source: Ownwell
$39,000
$138,790
$238,580
Median Tuskegee Inst Market Value
$150,460
Median Macon County Market Value
$64,220
Median Alabama Market Value
$149,600
Median United States Market Value
$244,900
Property Tax Assessment Values Across Tuskegee Inst, Macon County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36088 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Tuskegee Inst, Macon County, Alabama
In Tuskegee Inst, located in Macon County, AL, property tax bills are determined by assessing a property's value and applying the local tax rate. With a median home price of $150,460, homeowners face property tax bills that can vary significantly. The tax bill for the 25th, 75th, and 90th percentiles is consistently $1,835, which is below the national median property tax bill of $2,400. This suggests a relatively favorable tax environment for local homeowners. However, the property tax rate and assessed value can fluctuate, impacting annual tax obligations. For homeowners, understanding these factors is crucial as they directly affect financial planning and budgeting.
Ownwell offers specialized services to help homeowners in Tuskegee Inst reduce their property tax bills. By providing expert analysis and assistance in appealing inaccurate assessments, Ownwell ensures that homeowners only pay their fair share. Our team navigates the complexities of property tax regulations, identifying potential savings and securing exemptions where applicable, ultimately helping clients maximize savings and achieve financial peace of mind.
Median Tuskegee Inst Tax Bill
$1,835
Median Macon County Tax Bill
$408
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,690
Property Tax Bills Across Tuskegee Inst, Macon County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36088 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell