Aliceville, Alabama Property Taxes
The median property tax rate in Aliceville, AL is 0.51%, slightly higher than the Alabama state median of 0.47% but well below the national median of 0.99%. With a median home value of $74,240 in Aliceville, the typical annual property tax bill is $396, significantly less than the national median of $2,690. Property taxes in Aliceville are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Aliceville'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 Aliceville 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
Aliceville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$379
$351
Ownwell’s Aliceville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aliceville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aliceville 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 Aliceville, Alabama
Property taxes in Aliceville, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aliceville stands at 0.51%, which is lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Aliceville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aliceville 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 Aliceville's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35442 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Aliceville provides valuable insights into the varying tax landscape across Pickens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aliceville Tax Rate
0.51%
Average Pickens County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aliceville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35442 | 0.25% | 0.32% | 0.51% | 0.68% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Aliceville, Alabama
In Aliceville, 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 Pickens 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 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 Aliceville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 35442, with a value of $396, while the lowest is also 35442, with the same value.
Average Aliceville Assessed Value
$74,240
Average Pickens County Assessed Value
$97,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aliceville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35442 | $25,166 | $40,925 | $74,240 | $130,365 | $209,668 |
Source: Ownwell
Property Tax Bills Across Aliceville, Alabama
In Aliceville, located in Pickens County, AL, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The median home price in Aliceville is $74,240. Homeowners in this area can expect their property tax bills to vary significantly. For instance, at the 25th percentile, the tax bill is around $214, while at the 75th percentile, it rises to approximately $665. At the 90th percentile, it can reach up to $1,000. These tax bills are determined by multiplying the assessed value of the property by the local tax rate, which is influenced by factors such as local government budgets and school funding needs. Compared to the national median property tax rate of 0.99%, Aliceville's property tax rates can be considered relatively moderate. Understanding these factors can help homeowners in Aliceville budget effectively and anticipate their annual property tax expenses.
Average Aliceville Tax Bill
$396
Average Pickens County Tax Bill
$403
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Aliceville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35442 | $104 | $214 | $396 | $665 | $1,000 |
Source: Ownwell