Bucks, Alabama Property Taxes
The median property tax rate in Bucks, Alabama is 0.97%, slightly lower than the national median of 0.99% but notably higher than Alabama's state median of 0.47%. With the median home value in Bucks at $82,700, the typical annual property tax bill is $566, which is significantly below the national median of $2,690. Property taxes in Bucks are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bucks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bucks 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
Bucks, 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 Bucks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bucks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bucks 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 Bucks, Alabama
Property taxes in Bucks, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bucks is 0.47%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Bucks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bucks 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 Bucks's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is 0.87%, while the lowest median tax rate is 0.14%. Understanding how these cities compare with Bucks provides valuable insights into the varying tax landscape across Mobile County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bucks Tax Rate
0.97%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bucks, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36512 | 0.40% | 0.45% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Bucks, Alabama
In Bucks, 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 Mobile 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 Bucks, 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 Bucks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bucks is $566.00, found in zip code 36512, while the lowest median tax bill is also $566.00 in the same zip code.
Average Bucks Assessed Value
$82,700
Average Mobile County Assessed Value
$120,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bucks, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36512 | $37,280 | $57,500 | $82,700 | $176,850 | $205,660 |
Source: Ownwell
Property Tax Bills Across Bucks, Alabama
In Bucks, Alabama, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For example, with a median home price of $82,700, homeowners can expect varying tax bills depending on their property's assessed value and the local tax rate. Factors such as property location within Mobile County and any applicable exemptions also influence the final tax bill. The tax bill can range significantly, with those in the 25th percentile paying around $208, while those in the 75th percentile might see bills closer to $947. At the upper end, the 90th percentile tax bill reaches approximately $1,563. The highest median tax bill in the area is $566, reflecting the variability in property taxes across different zip codes within the county. These tax bills impact homeowners by contributing to their annual financial planning and affecting the overall affordability of homeownership in Bucks.
Average Bucks Tax Bill
$566
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Bucks, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36512 | $132 | $208 | $566 | $947 | $1,563 |
Source: Ownwell