Grand Bay, Alabama Property Taxes
The median property tax rate in Grand Bay, AL is 0.48%, slightly higher than the state median of 0.47% but below the national median of 0.99%. With a median home value of $116,950 in Grand Bay, the typical annual property tax bill amounts to $671, which is considerably lower than the national median of $2,690. Property taxes in Grand Bay are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Grand Bay's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Grand Bay 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
Grand Bay, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$561
Ownwell’s Grand Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Bay 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 Grand Bay, Alabama
Property taxes in Grand Bay, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Bay is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Grand Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Bay 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 Grand Bay's effective property tax rate to other regions and the national median. For comparison, the zip code 36541 has both the highest and lowest median property tax rate of 0.48%. Understanding how these areas compare with Grand Bay 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 Grand Bay Tax Rate
0.48%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Bay, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36541 | 0.43% | 0.46% | 0.48% | 1.00% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Grand Bay, Alabama
In Grand Bay, 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 Grand Bay, 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 Grand Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $671.00, found in the 36541 zip code.
Average Grand Bay Assessed Value
$116,950
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 Grand Bay, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36541 | $35,100 | $64,600 | $116,950 | $178,575 | $251,080 |
Source: Ownwell
Property Tax Bills Across Grand Bay, Alabama
In Grand Bay, Mobile County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Grand Bay stands at $116,950. Property tax rates in this area are relatively low compared to the national median property tax rate of 0.99%. Homeowners in Grand Bay typically see property tax bills ranging from $401 at the 25th percentile to $991 at the 75th percentile, with the 90th percentile reaching up to $1,431. Several factors influence the tax bill, including the property's location, assessed value, and applicable exemptions. The highest median tax bill in the area is $671, which is consistent across different zip codes. Lower tax rates can make homeownership more affordable, but it's important for homeowners to stay informed about any changes in property assessments and tax regulations that could impact their annual bills. This ensures that they are not caught off guard by unexpected increases and can budget accordingly.
Average Grand Bay Tax Bill
$671
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Bay, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36541 | $233 | $401 | $671 | $991 | $1,431 |
Source: Ownwell