Repton, Alabama Property Taxes
The median property tax rate in Repton, AL is 0.26%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Repton, the typical annual property tax bill amounts to $308, which is well below the national median of $2,690. Property taxes in Repton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Repton's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Repton or another part of Monroe County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Repton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$258
Ownwell’s Repton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Repton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Repton 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 Repton, Alabama
Property taxes in Repton, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Repton is 0.26%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Repton set these rates annually, and they can vary considerably across different neighborhoods. Each year, Repton 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 Repton's effective property tax rate to other counties in Alabama and the national median. For comparison, other regions in Alabama may have varying tax rates, providing valuable insights into the differing tax landscape across Monroe County. This helps homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Repton Tax Rate
0.26%
Average Monroe County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Repton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36475 | 0.12% | 0.20% | 0.26% | 0.41% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Repton, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Repton, 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. In Repton, 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 Repton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Repton are both $308, found in the 36475 zip code.
Average Repton Assessed Value
$99,400
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 Repton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36475 | $42,182 | $54,682 | $99,400 | $169,878 | $255,169 |
Source: Ownwell
Property Tax Bills Across Repton, Alabama
In Repton, located in Monroe County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, and in Alabama, properties are typically assessed at 10% of their market value. For a median home price of $99,400 in Repton, the assessed value would be $9,940. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors contribute to the final tax bill, including the property's location, any applicable exemptions, and local government budget needs. In Repton, the 25th percentile tax bill is $149, while the 75th percentile reaches $583, and the 90th percentile can be as high as $890. These figures illustrate the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Repton's property tax rates can be relatively lower, offering some financial relief to homeowners in the area.
Average Repton Tax Bill
$308
Average Monroe County Tax Bill
$316
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Repton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36475 | $62 | $149 | $308 | $583 | $890 |
Source: Ownwell