Reform, Alabama Property Taxes
The median property tax rate in Reform, AL is 0.44%, which is lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Reform at $82,900, the typical annual property tax bill is $368, significantly below the national median of $2,690. Property taxes in Reform are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Reform'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 Reform 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
Reform, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s REFORM Property Tax Bill Calculator empowers homeowners, real estate investors, and potential owners to estimate their annual property taxes in REFORM with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in REFORM 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 Reform, Alabama
Property taxes in Reform, Alabama, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Reform is 0.44%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Reform set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reform 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 Reform's effective property tax rate to other counties in Alabama and the national median. For comparison, the ZIP code 35481 has both the highest and lowest median property tax rate of 0.44%. Understanding how these areas compare with Reform 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 Reform Tax Rate
0.44%
Average Pickens County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reform, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35481 | 0.24% | 0.30% | 0.44% | 0.68% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Reform, Alabama
In Reform, 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. In Reform, 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. The median home price in Reform is $82,900, with tax bills ranging from $219 at the 25th percentile to $841 at the 90th percentile. The zip code with the highest and lowest median tax bill is 35481, both at $368. By understanding 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 Reform helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reform Assessed Value
$82,900
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 Reform, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35481 | $30,220 | $50,950 | $82,900 | $127,040 | $182,932 |
Source: Ownwell
Property Tax Bills Across Reform, Alabama
In the city of Reform in Pickens County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Reform is $82,900. Homeowners can expect their tax bills to vary, with the 25th percentile tax bill at $219 and the 75th percentile tax bill at $592. For those at the 90th percentile, tax bills can reach up to $841. Factors that influence the tax bill include the home's assessed value and the local tax rate. In Reform, the highest median tax bill is $368, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax rate can be beneficial for homeowners, making it more affordable to own property in the area. Understanding these factors can help homeowners anticipate their annual property tax expenses and budget accordingly.
Average Reform Tax Bill
$368
Average Pickens County Tax Bill
$403
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Reform, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35481 | $125 | $219 | $368 | $592 | $841 |
Source: Ownwell