Fayette, Pickens County, Alabama Property Taxes

Name: Property Tax Bills Across Fayette, Pickens County, Alabama
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median FAYETTE, AL effective property tax rate: 0.27%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median FAYETTE, AL home value: $123,120
Median annual FAYETTE, AL tax bill: $359, $2,041 lower than the national median property tax bill of $2,400.

How are property taxes in Pickens calculated?

Property taxes in FAYETTE, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding FAYETTE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FAYETTE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fayette, Pickens County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.27%

Estimate Property Tax Bill

$332

$308

Ownwell’s Fayette Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fayette with just two data points. By entering your property's estimated assessed value, our calculator applies Fayette’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Pickens County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fayette, Pickens County, Alabama

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget required to provide public services and divides this by the total assessed value of all taxable property within its jurisdiction, ultimately determining the property tax rate. Although votes and legal frameworks play a role in establishing these rates and budgets, this is the fundamental process that unfolds each year.

In Fayette, located in Pickens County, Alabama, the effective property tax rate is a key consideration for property owners. Comparing Fayette’s rate to other cities in Alabama can provide valuable insight into property tax obligations. The median property tax rate in Alabama is significantly lower than the national median property tax rate of 1.02%. This comparison highlights the relatively lower property tax burden faced by property owners in Alabama. Understanding these differences can be crucial for homeowners and potential buyers when evaluating the cost of owning property in Fayette and other parts of the state.

Property Tax Rates Across Fayette, Pickens County, Alabama

Source: Ownwell

0.30%

0.49%

0.68%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Fayette Taxx Rate

0.27%

Median Effective Pickens County Taxx Rate

0.37%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Fayette, Pickens County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
35555	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fayette, Pickens County, Alabama

When examining property taxes in Fayette, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Pickens County Tax Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices in Pickens County are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fayette. For example, the median home price in Fayette is $123,120, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Fayette, Pickens County, Alabama

Source: Ownwell

$36,220

$86,130

$136,040

Median Fayette Market Value

$123,120

Median Pickens County Market Value

$97,900

Median Alabama Market Value

$149,600

Median United States Market Value

$244,900

Property Tax Assessment Values Across Fayette, Pickens County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
35555	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fayette, Pickens County, Alabama

In Fayette, located in Pickens County, Alabama, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, which is a percentage of the property's market value. Factors influencing the tax bill include the property's assessed value and the applicable local tax rate. In Fayette, the median property tax bill is notably lower than the national median of $2,400. Homeowners in the 25th percentile pay around $259, while those in the 75th percentile face bills of about $707. At the 90th percentile, the tax bill reaches approximately $1,315. This variation highlights the impact of property value assessments and tax rates on homeowners' financial obligations. Ownwell assists homeowners by identifying potential savings on property tax bills. Through a comprehensive analysis of property assessments and local tax regulations, Ownwell can help homeowners file appeals and secure exemptions, ensuring they pay only their fair share. This service can lead to significant savings and a more manageable financial burden.

Property Tax Bills Across Fayette, Pickens County, Alabama

Source: Ownwell

$115

$335

$554

Median Fayette Tax Bill

$359

Median Pickens County Tax Bill

$403

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,690

Property Tax Bills Across Fayette, Pickens County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
35555	N/A	N/A	N/A	N/A	N/A

Source: Ownwell