York, Alabama Property Taxes
The median property tax rate in York, AL is 0.49%, slightly higher than the Alabama state median of 0.47% but significantly lower than the national median of 0.99%. With the median home value in York at $47,750, the typical annual property tax bill amounts to $229, well below the national median of $2,690. Property taxes in York are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding York'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 York 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
York, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$234
$217
Ownwell’s York Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in York with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in York 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 York, Alabama
Property taxes in York, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in York is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within York set these rates annually, and they can vary significantly across different neighborhoods. Each year, York 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 York's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36925 zip code has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with York 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 York Tax Rate
0.49%
Average Sumter County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across York, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36925 | 0.28% | 0.37% | 0.49% | 0.56% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across York, Alabama
In York, 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 York, 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 York helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $229.00, found in the 36925 zip code.
Average York Assessed Value
$47,750
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 York, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36925 | $13,000 | $23,975 | $47,750 | $77,350 | $115,405 |
Source: Ownwell
Property Tax Bills Across York, Alabama
In York, located in Sumter County, Alabama, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the home's market value, and the property tax rate is then applied to this assessed value. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. For homeowners in York, the median home price is $47,750. Property tax bills in this area can vary significantly, with the 25th percentile tax bill at $103 and the 75th percentile at $397. The 90th percentile tax bill reaches up to $629. Comparatively, the national median property tax rate is 0.99%, which helps put York's rates into perspective. Homeowners in York benefit from relatively low property tax bills, which can make homeownership more affordable. The highest and lowest median tax bills in Sumter County are both $229, indicating a consistent tax rate within the region.
Average York Tax Bill
$229
Average Sumter County Tax Bill
$245
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across York, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36925 | $54 | $103 | $229 | $397 | $629 |
Source: Ownwell