Ramer, Alabama Property Taxes
The median property tax rate in Ramer, AL is 0.39%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Ramer at $127,900, the typical annual property tax bill is $539, well below the national median of $2,690. Property taxes in Ramer 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 Ramer’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 Ramer 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
Ramer, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$499
$463
Ownwell’s Ramer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ramer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ramer 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 Ramer, Alabama
Property taxes in Ramer, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ramer is 0.31%, significantly lower than both the Alabama state median of 0.37% and the U.S. national median of 0.99%. Local government entities within Ramer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ramer 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 Ramer's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36069 ZIP code has the highest median property tax rate of 0.40%, while the 36069 ZIP code has the lowest median tax rate of 0.40%. Understanding how these cities compare with Ramer 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 Ramer Tax Rate
0.39%
Average Montgomery County Tax Rate
0.48%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ramer, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36069 | 0.22% | 0.32% | 0.39% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Ramer, Alabama
In Ramer, 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 Ramer, 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 Ramer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $539 in the 36069 zip code, which is also the lowest median tax bill.
Average Ramer Assessed Value
$127,900
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 Ramer, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36069 | $40,130 | $68,125 | $127,900 | $247,550 | $432,170 |
Source: Ownwell
Property Tax Bills Across Ramer, Alabama
In Ramer, Montgomery County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. The assessed value is a percentage of the market value of the property, and this value is then multiplied by the local tax rate. For homeowners in Ramer, the median home price is approximately $127,900. Factors such as property location, home improvements, and market conditions can influence the assessed value. The median property tax bill in this area is $539, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $288, while those in the 75th percentile pay about $1,041. For those in the 90th percentile, the tax bill can go up to $1,618. Lower property tax rates can make homeownership more affordable, potentially attracting more residents to the area. However, it also means that local governments may have less revenue for public services.
Average Ramer Tax Bill
$539
Average Montgomery County Tax Bill
$782
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Ramer, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36069 | $142 | $288 | $539 | $1,041 | $1,618 |
Source: Ownwell