Union Springs, Alabama Property Taxes
The median property tax rate in Union Springs, AL is 0.51%, slightly higher than the Alabama state median of 0.47% but still well below the national median of 0.99%. With a median home value of $43,320 in Union Springs, the typical annual property tax bill amounts to $194, significantly lower than the national median of $2,690. Property taxes in Union Springs are calculated based on the assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Union Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Union Springs 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
Union Springs, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$221
Ownwell’s UNION SPRINGS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UNION SPRINGS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNION SPRINGS 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 Union Springs, Alabama
Property taxes in Union Springs, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Springs is 0.51%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Union Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Springs 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 Union Springs' effective property tax rate to other counties in Alabama and the national median. For comparison, the 36089 zip code has the highest median property tax rate of 0.51%, while the 36089 zip code also has the lowest median tax rate of 0.51%. Understanding how these areas compare with Union Springs 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 Union Springs Tax Rate
0.51%
Average Macon County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Springs, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36089 | 0.32% | 0.39% | 0.51% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Union Springs, Alabama
In Union Springs, 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. 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. For example, in Union Springs, the median home price is $43,320, with annual tax bills ranging from $143 to $510. The highest and lowest median tax bills, both $194.00, are found in the 36089 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Union Springs Assessed Value
$43,320
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 Union Springs, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36089 | $18,756 | $26,860 | $43,320 | $61,840 | $111,456 |
Source: Ownwell
Property Tax Bills Across Union Springs, Alabama
In Union Springs, property tax bills are calculated based on the assessed value of a home, which is determined by the Macon County tax assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $43,320, the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Union Springs can expect to pay property taxes that vary significantly depending on their property's value. The tax bill at the 25th percentile is around $143, while at the 75th percentile, it rises to approximately $428. For those in the 90th percentile, the tax bill can be as high as $510. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Union Springs offers relatively affordable property taxes, making it an attractive location for homeowners seeking lower tax burdens.
Average Union Springs Tax Bill
$194
Average Macon County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Springs, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36089 | $62 | $143 | $194 | $428 | $510 |
Source: Ownwell