Bremen, Alabama Property Taxes
The median property tax rate in Bremen, AL is 0.23%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Bremen at $80,500, the typical annual property tax bill is $215, far below the national median of $2,690. Property taxes in Bremen are calculated based on the tax assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Bremen's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bremen or another part of Walker County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bremen, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$185
$172
Ownwell’s Bremen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bremen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bremen 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 Bremen, Alabama
Property taxes in Bremen, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bremen is 0.31%, significantly lower than both the Alabama state median of 0.39% and the U.S. national median of 0.99%. Local government entities within Bremen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bremen 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 Bremen'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 in Shelby County, with a rate of 0.54%, while the lowest median tax rate is in Choctaw County at 0.15%. Understanding how these cities compare with Bremen provides valuable insights into the varying tax landscape across Walker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bremen Tax Rate
0.23%
Average Walker County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bremen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35033 | 0.14% | 0.18% | 0.23% | 0.41% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Bremen, Alabama
In Bremen, 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 Walker 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 Bremen, 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 Bremen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 35033 has the highest and lowest median tax bill, both at $215.
Average Bremen Assessed Value
$80,500
Average Walker County Assessed Value
$97,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bremen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35033 | $31,410 | $49,325 | $80,500 | $155,800 | $255,190 |
Source: Ownwell
Property Tax Bills Across Bremen, Alabama
In Bremen, Walker County, AL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Bremen typically see tax bills that reflect local property values, with the median home price at $80,500. The tax rate in Bremen is relatively low compared to the national median property tax rate of 0.99%. For instance, tax bills in Bremen range significantly, with the 25th percentile at $102 and the 75th percentile at $389, indicating a wide variation based on property value and exemptions. At the higher end, the 90th percentile tax bill can reach up to $702. Zip code 35033 in Bremen has the highest and lowest median tax bill, both standing at $215. These property tax bills impact homeowners by influencing their annual financial planning and overall housing affordability. Lower property taxes can make Bremen an attractive location for potential homeowners looking for budget-friendly living options.
Average Bremen Tax Bill
$215
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Bremen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35033 | $53 | $102 | $215 | $389 | $702 |
Source: Ownwell