Satsuma, Alabama Property Taxes
The median property tax rate in Satsuma, AL is 0.57%, which is notably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Satsuma at $155,200, the typical annual property tax bill amounts to $983, well below the national median of $2,690. Property taxes in Satsuma are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Satsuma'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 Satsuma or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Satsuma, 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 Satsuma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Satsuma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Satsuma 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 Satsuma, Alabama
Property taxes in Satsuma, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Satsuma is 0.57%, significantly lower than the U.S. national median of 0.99%. Local government entities within Satsuma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Satsuma 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 Satsuma's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36572 zip code has both the highest and lowest median property tax rate of 0.57%. Understanding how these cities compare with Satsuma 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 Satsuma Tax Rate
0.57%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Satsuma, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36572 | 0.52% | 0.55% | 0.57% | 0.59% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Satsuma, Alabama
In Satsuma, 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 Satsuma, 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. With median home prices at $155,200, homeowners can expect a tax bill ranging from $725 at the 25th percentile to $1,810 at the 90th percentile. The zip code 36572 has the highest and lowest median tax bill, both at $983. Being aware of these valuation processes in Satsuma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Satsuma Assessed Value
$155,200
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 Satsuma, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36572 | $80,500 | $116,000 | $155,200 | $204,500 | $262,320 |
Source: Ownwell
Property Tax Bills Across Satsuma, Alabama
In Satsuma, located in 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 local tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Satsuma, the median home price is $155,200. Tax bills can vary significantly, with the 25th percentile paying around $725 and the 75th percentile paying approximately $1,358. At the higher end, the 90th percentile sees tax bills reaching up to $1,810. Compared to the national median property tax rate of 0.99%, Satsuma's tax rates are relatively moderate, making it an attractive location for homeowners. Understanding these factors helps residents anticipate their property tax obligations and plan their finances accordingly.
Average Satsuma Tax Bill
$983
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Satsuma, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36572 | $514 | $725 | $983 | $1,358 | $1,810 |
Source: Ownwell