Demopolis, Alabama Property Taxes
The median property tax rate in Demopolis, AL is 0.55%, slightly higher than the Alabama state median of 0.47% but below the national median of 0.99%. With a median home value of $102,320, the typical annual property tax bill in Demopolis is around $590, significantly lower than the national median of $2,690. Property taxes in Demopolis are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Demopolis's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Demopolis or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Demopolis, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Demopolis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Demopolis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Demopolis 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 Demopolis, Alabama
Property taxes in Demopolis, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Demopolis is 0.55%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Demopolis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Demopolis 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 Demopolis's effective property tax rate to other areas in Alabama and the national median. For comparison, the zip code 36732 has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Demopolis provides valuable insights into the varying tax landscape across Marengo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Demopolis Tax Rate
0.55%
Average Marengo County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Demopolis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36732 | 0.34% | 0.48% | 0.55% | 0.57% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Demopolis, Alabama
In Demopolis, 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 Marengo 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 Demopolis, 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 Demopolis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Demopolis is $102,320, with the highest median tax bill at $590 in the zip code 36732 and the lowest median tax bill also at $590 in the same zip code.
Average Demopolis Assessed Value
$102,320
Average Marengo County Assessed Value
$83,940
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Demopolis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36732 | $19,200 | $50,980 | $102,320 | $181,420 | $269,216 |
Source: Ownwell
Property Tax Bills Across Demopolis, Alabama
In Demopolis, located in Marengo County, AL, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Once the assessed value is established, the local tax rate, also known as the millage rate, is applied to calculate the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, Demopolis homeowners might benefit from homestead exemptions, which can reduce the taxable value of their property. For a median home price of $102,320, the tax bill can vary significantly. The 25th percentile tax bill is around $270, while the 75th percentile reaches approximately $1,003. At the 90th percentile, homeowners could see a tax bill as high as $1,475. These property tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, ultimately affecting the community's overall quality of life.
Average Demopolis Tax Bill
$590
Average Marengo County Tax Bill
$351
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Demopolis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36732 | $104 | $270 | $590 | $1,003 | $1,475 |
Source: Ownwell