Newbern, Perry County, Alabama Property Taxes
The median property tax rate in Newbern, AL is 0.36%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Newbern, the typical annual property tax bill is $355, far below the national median of $2,690. Property taxes in Newbern 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 Newbern'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 Newbern 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
Newbern, Perry County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$344
$319
Ownwell’s Newbern Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newbern with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newbern 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 Newbern, Perry County, Alabama
Property taxes in Newbern, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newbern is 0.33%, which is significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Newbern set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newbern 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 Newbern's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35010 zip code has the highest median property tax rate of 0.41%, while the 35011 zip code has the lowest median tax rate of 0.25%. Understanding how these cities compare with Newbern provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newbern Tax Rate
0.36%
Average Perry County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newbern, Perry County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36765 | 0.15% | 0.21% | 0.36% | 0.47% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Newbern, Perry County, Alabama
In Newbern, Alabama, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Perry 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 Newbern, 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 Newbern helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Newbern is $355.00 in the 36765 zip code, which also has the lowest median tax bill.
Property Tax Assessment Values Across Newbern, Perry County, Alabama
Source: Ownwell
$34,540
$66,440
$98,340
Average Newbern Assessed Value
$95,590
Average Perry County Assessed Value
$74,720
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newbern, Perry County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36765 | $27,558 | $47,935 | $95,590 | $185,775 | $260,268 |
Source: Ownwell
Property Tax Bills Across Newbern, Perry County, Alabama
In Newbern, property tax bills are calculated based on the assessed value of a home, which is determined by the Perry County tax assessor. The assessed value is typically a percentage of the property's market value. For instance, the median home price in Newbern is $95,590. Property tax rates in Newbern are influenced by various factors, including local government budgets, school district funding needs, and other municipal services. Homeowners in Newbern can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $198, while the 75th percentile tax bill is $615. At the higher end, the 90th percentile tax bill reaches $965. These variations can impact homeowners differently depending on their property's assessed value and the specific tax rate applied. Comparatively, Newbern's property tax rate is relatively low when contrasted with the national median property tax rate of 0.99%. This can make homeownership more affordable in Newbern, especially for those on a tight budget.
Average Newbern Tax Bill
$355
Average Perry County Tax Bill
$333
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Newbern, Perry County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36765 | $72 | $198 | $355 | $615 | $965 |
Source: Ownwell