Aliceville, Alabama Property Taxes
The median property tax rate in Aliceville, AL is 0.37%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Aliceville at $88,200, the typical annual property tax bill is $305, significantly below the national median of $2,690. Property taxes in Aliceville 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 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
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aliceville is 0.37%, significantly lower than both the Alabama state median of 0.41% 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 highest median property tax rate in the area is 0.55%, while the lowest median tax rate is 0.32%. Understanding how these cities compare with Aliceville provides valuable insights into the varying tax landscape across Sumter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aliceville Tax Rate
0.37%
Average Sumter 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 | 0.19% | 0.29% | 0.37% | 0.37% | 0.74% |
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 Sumter 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 in Aliceville 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 highest median tax bill is $305 in zip code 35442, while the lowest is also $305 in the same zip code.
Average Aliceville Assessed Value
$88,200
Average Sumter County Assessed Value
$62,300
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 | $15,800 | $33,068 | $88,200 | $198,665 | $277,630 |
Source: Ownwell
Property Tax Bills Across Aliceville, Alabama
In Aliceville, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. For instance, with a median home price of $88,200, the assessed value is determined and then multiplied by the local tax rate set by Sumter County. The tax rate and any applicable exemptions or deductions are critical factors in this calculation. Homeowners in Aliceville experience varied tax bills, with the 25th percentile paying around $97 and the 75th percentile paying approximately $729. At the higher end, the 90th percentile tax bill reaches about $1,050. These property taxes fund essential public services such as schools, infrastructure, and emergency services. While the median tax bill in Aliceville is relatively low compared to the national median property tax rate of 0.99%, it still represents a significant annual expense for homeowners. Understanding how these taxes are calculated helps homeowners better anticipate their financial obligations and plan accordingly.
Average Aliceville Tax Bill
$305
Average Sumter County Tax Bill
$245
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 | $49 | $97 | $305 | $729 | $1,050 |
Source: Ownwell