Phil Campbell, Alabama Property Taxes
The median property tax rate in Phil Campbell, AL is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $82,800 in Phil Campbell, the typical annual property tax bill amounts to $256, which is well below the national median of $2,690. Property taxes in Phil Campbell are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Phil Campbell'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 Phil Campbell or another part of Marion County, getting to know the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Phil Campbell, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$224
$207
Ownwell’s Phil Campbell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Phil Campbell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Phil Campbell to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in more granular data, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is the value assigned by Marion County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Phil Campbell, Alabama
Property taxes in Phil Campbell, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Phil Campbell is 0.27%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Phil Campbell set these rates annually, and they can vary across different neighborhoods. Each year, Phil Campbell 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 Phil Campbell's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Phil Campbell provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Phil Campbell Tax Rate
0.27%
Average Marion County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Phil Campbell, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35581 | 0.19% | 0.22% | 0.27% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Phil Campbell, Alabama
In Phil Campbell, 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 local 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 in Phil Campbell 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 Phil Campbell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Phil Campbell is $82,800, with the highest median tax bill of $256 found in the 35581 zip code.
Average Phil Campbell Assessed Value
$82,800
Average Marion County Assessed Value
$95,335
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Phil Campbell, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35581 | $27,430 | $46,658 | $82,800 | $142,236 | $245,223 |
Source: Ownwell
Property Tax Bills Across Phil Campbell, Alabama
In Phil Campbell, property tax bills are calculated based on the assessed value of a home, which is determined by the county. The assessed value is a percentage of the market value, reflecting what the property might sell for under normal conditions. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Factors such as property size, location, and condition can influence the assessed value, directly impacting the tax bill. For instance, the median home price in Phil Campbell is $82,800, with property tax bills ranging from the 25th percentile at $136 to the 90th percentile at $715. These taxes fund essential public services like schools, roads, and emergency services. Homeowners in Phil Campbell, located in Marion County, experience a median tax bill of $256, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable but may also reflect fewer public services compared to higher-tax regions.
Average Phil Campbell Tax Bill
$256
Average Marion County Tax Bill
$328
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Phil Campbell, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35581 | $80 | $136 | $256 | $449 | $715 |
Source: Ownwell