Fitzpatrick, Alabama Property Taxes
The median property tax rate in Fitzpatrick, Alabama is 0.41%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Fitzpatrick at $432,800, the typical annual property tax bill amounts to $1,612, well below the national median of $2,690. Property taxes in Fitzpatrick are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Fitzpatrick's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fitzpatrick or another part of Montgomery County, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fitzpatrick, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$1,774
$1,647
Ownwell’s Fitzpatrick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fitzpatrick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fitzpatrick 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 Fitzpatrick, Alabama
Property taxes in Fitzpatrick, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fitzpatrick is 0.41%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Fitzpatrick set these rates annually, and they can vary across different neighborhoods. Each year, Fitzpatrick 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 Fitzpatrick's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36029 zip code has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how these cities compare with Fitzpatrick provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fitzpatrick Tax Rate
0.41%
Average Montgomery County Tax Rate
0.48%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fitzpatrick, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36029 | 0.22% | 0.34% | 0.41% | 0.68% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Fitzpatrick, Alabama
In Fitzpatrick, 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 Montgomery 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 Fitzpatrick, 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 Fitzpatrick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fitzpatrick are both $1,612, found in the zip code 36029.
Average Fitzpatrick Assessed Value
$432,800
Average Montgomery County Assessed Value
$131,500
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fitzpatrick, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36029 | $88,170 | $216,575 | $432,800 | $550,450 | $664,490 |
Source: Ownwell
Property Tax Bills Across Fitzpatrick, Alabama
In Fitzpatrick, 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 annual tax bill. For instance, in Montgomery County, where Fitzpatrick is located, homeowners can expect varying tax bills depending on their property's value. The median home price in the area is $432,800, with tax bills ranging significantly. At the 25th percentile, a homeowner might pay around $622 annually, while at the 75th percentile, the bill could rise to approximately $3,343. Those in the 90th percentile might see tax bills as high as $4,483. These property taxes fund essential public services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Fitzpatrick's property tax rates can be quite variable, impacting homeowners differently based on their property's assessed value and the specific tax rate applied.
Average Fitzpatrick Tax Bill
$1,612
Average Montgomery County Tax Bill
$782
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Fitzpatrick, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36029 | $321 | $622 | $1,612 | $3,343 | $4,483 |
Source: Ownwell