Atmore, Alabama Property Taxes
The median property tax rate in Atmore, AL is 0.25%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Atmore, the typical annual property tax bill reaches $300, well below the national median of $2,690. Property taxes in Atmore are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Atmore'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 Atmore 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
Atmore, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$265
Ownwell’s Atmore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atmore 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 Atmore, Alabama
Property taxes in Atmore, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atmore is 0.25%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Atmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atmore 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 Atmore's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Atmore provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atmore Tax Rate
0.25%
Average Monroe County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atmore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36502 | 0.14% | 0.21% | 0.25% | 0.40% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Atmore, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Atmore, Alabama. 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 Monroe 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. Assessment notices in Atmore 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 Atmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 36502 has the highest and lowest median tax bill at $300.
Average Atmore Assessed Value
$105,830
Average Monroe County Assessed Value
$87,150
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atmore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36502 | $35,270 | $66,600 | $105,830 | $157,470 | $194,420 |
Source: Ownwell
Property Tax Bills Across Atmore, Alabama
In Atmore, located in Monroe County, AL, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Atmore can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $155, while the 75th percentile tax bill reaches approximately $439. At the higher end, the 90th percentile tax bill can be as much as $623. Factors influencing these tax bills include the home’s assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Atmore is $105,830, and this figure plays a crucial role in determining the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Atmore's property tax rates can be more favorable, potentially easing the financial burden on homeowners. Understanding these factors helps residents anticipate their tax obligations and plan accordingly.
Average Atmore Tax Bill
$300
Average Monroe County Tax Bill
$316
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Atmore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36502 | $79 | $155 | $300 | $439 | $623 |
Source: Ownwell