Phenix City, Alabama Property Taxes
The median property tax rate in Phenix City, AL is 0.57%, which is higher than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Phenix City at $106,457, the typical annual property tax bill reaches $673, which is significantly lower than the national median of $2,690. Property taxes in Phenix City are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Phenix City'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 Phenix City 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
Phenix City, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$607
$563
Ownwell’s Phenix City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Phenix City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Phenix City 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 Phenix City, Alabama
Property taxes in Phenix City, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Phenix City is 0.57%, lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Phenix City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Phenix City 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 Phenix City's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36867 zip code has the highest median property tax rate of 1.18%, while the 36869 zip code has the lowest median tax rate of 0.56%. Understanding how these cities compare with Phenix City provides valuable insights into the varying tax landscape across Russell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Phenix City Tax Rate
0.57%
Average Russell County Tax Rate
0.55%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Phenix City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36867 | 0.49% | 0.53% | 1.18% | 1.18% | 1.18% |
| 36868 | 0.47% | 0.63% | 0.75% | 0.78% | 0.80% |
| 36869 | 0.36% | 0.36% | 0.56% | 1.18% | 1.18% |
| 36870 | 0.36% | 0.37% | 0.57% | 0.81% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Phenix City, Alabama
In Phenix City, 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 Russell 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 Phenix City, 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 Phenix City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Russell County, the highest median tax bill is $805 in the 36870 zip code, whereas the lowest is $432 in the 36868 zip code.
Average Phenix City Assessed Value
$106,457
Average Russell County Assessed Value
$115,149
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Phenix City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36867 | $28,760 | $56,355 | $103,382 | $168,607 | $221,144 |
| 36868 | $25,783 | $46,518 | $81,136 | $105,707 | $108,361 |
| 36869 | $29,078 | $56,359 | $103,819 | $166,376 | $234,169 |
| 36870 | $34,790 | $72,850 | $143,939 | $212,318 | $264,442 |
Source: Ownwell
Property Tax Bills Across Phenix City, Alabama
In Phenix City, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. Homeowners in Russell County can expect their property tax rates to be influenced by several key factors, including the median home price, which stands at $106,457. Compared to the national median property tax rate of 0.99%, Phenix City offers a relatively favorable tax environment. Tax bills in this area vary significantly, with the 25th percentile at $378 and the 75th percentile reaching $1,114. The 90th percentile tax bill can go up to $1,604. The highest median tax bill within the city is $805 in the 36870 zip code, while the lowest is $432 in the 36868 zip code. These variations depend on the specific location and assessed value of the property. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Phenix City Tax Bill
$673
Average Russell County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Phenix City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36867 | $247 | $456 | $795 | $1,177 | $1,693 |
| 36868 | $179 | $319 | $432 | $551 | $701 |
| 36869 | $171 | $338 | $564 | $1,015 | $1,427 |
| 36870 | $196 | $382 | $805 | $1,252 | $1,883 |
Source: Ownwell