Abernant, Alabama Property Taxes
The median property tax rate in Abernant, Alabama is 0.41%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Abernant, the typical annual property tax bill reaches $181, well below the national median of $2,690. Property taxes in Abernant 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 Abernant'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 Abernant 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
Abernant, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$196
Ownwell’s Abernant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abernant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abernant 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 Abernant, Alabama
Property taxes in Abernant, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abernant is 0.41%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Abernant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abernant 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 Abernant's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35440 zip code has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with Abernant provides valuable insights into the varying tax landscape across Tuscaloosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abernant Tax Rate
0.41%
Average Tuscaloosa County Tax Rate
0.46%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abernant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35440 | 0.30% | 0.34% | 0.41% | 0.47% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Abernant, Alabama
In Abernant, 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 Tuscaloosa 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 Abernant, 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 Abernant is $47,850, with tax bills ranging from $168 at the 25th percentile to $202 at the 90th percentile. The highest and lowest median tax bills are both $181, found in the 35440 zip code. 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 Abernant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Abernant Assessed Value
$47,850
Average Tuscaloosa County Assessed Value
$160,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abernant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35440 | $40,210 | $43,075 | $47,850 | $52,625 | $55,490 |
Source: Ownwell
Property Tax Bills Across Abernant, Alabama
In Abernant, property tax bills are calculated based on the assessed value of a homeowner's property. This assessed value is determined by the Tuscaloosa County tax assessor and typically represents a percentage of the property's market value. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and any improvements or renovations can influence the assessed value. For example, a median home price in Abernant is $47,850, resulting in a median tax bill of $181, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect a tax bill around $168, while those in the 75th percentile might see bills closer to $194. The highest tax bills in the area, around the 90th percentile, can reach up to $202. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the quality of life in Abernant.
Average Abernant Tax Bill
$181
Average Tuscaloosa County Tax Bill
$736
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Abernant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35440 | $161 | $168 | $181 | $194 | $202 |
Source: Ownwell