Epes, Alabama Property Taxes
The median property tax rate in Epes, AL is 0.37%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Epes at $52,550, the typical annual property tax bill is $184, well below the national median of $2,690. Property taxes in Epes are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Epes'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 Epes or another part of Sumter County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Epes, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$194
$180
Ownwell’s Epes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Epes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Epes 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 Epes, Alabama
Property taxes in Epes, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Epes is 0.37%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Epes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Epes 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 Epes's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in Shelby County at 0.55%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these cities compare with Epes 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 Epes 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 Epes, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35460 | 0.18% | 0.26% | 0.37% | 0.40% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Epes, Alabama
In Epes, 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. In Epes, 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 Epes 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 35460, with a median bill of $184.00, while the lowest is also 35460 with the same value.
Average Epes Assessed Value
$52,550
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 Epes, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35460 | $14,600 | $26,725 | $52,550 | $109,300 | $232,950 |
Source: Ownwell
Property Tax Bills Across Epes, Alabama
In EPES, located in Sumter County, AL, property tax bills are calculated based on the assessed value of the property. The assessment process involves determining a percentage of the property's market value, which is then subject to the local tax rate. Homeowners in EPES face a median property tax bill of $184, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's market value, local tax rates, and any applicable exemptions. For instance, homes at the 25th percentile have a tax bill of $84, while those at the 75th percentile see bills around $395. High-value properties may have tax bills reaching up to $778, as seen at the 90th percentile. These property tax bills can impact homeowners by affecting their monthly mortgage payments and overall housing affordability. Lower property taxes in EPES can be a financial relief, making homeownership more accessible compared to regions with higher tax rates.
Average Epes Tax Bill
$184
Average Sumter County Tax Bill
$245
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Epes, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35460 | $43 | $84 | $184 | $395 | $778 |
Source: Ownwell