Empire, Alabama Property Taxes
The median property tax rate in Empire, AL is 0.23%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $68,100 in Empire, the typical annual property tax bill is $171, far below the national median of $2,690. Property taxes in Empire 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 Empire'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 Empire 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
Empire, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$157
$145
Ownwell’s EMPIRE Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in EMPIRE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EMPIRE 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 Empire, Alabama
Property taxes in Empire, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Empire is 0.33%, which is significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Empire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Empire 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 Empire's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the county is 0.47%, while the lowest median tax rate is 0.29%. Understanding how these cities compare with Empire 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 Empire 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 Empire, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35063 | 0.14% | 0.18% | 0.23% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Empire, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Empire, Alabama. 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 Empire, 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 Empire is $68,100, with tax bills ranging from $83 at the 25th percentile to $497 at the 90th percentile. The highest and lowest median tax bills in the area are both $171, found in the 35063 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Empire Assessed Value
$68,100
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 Empire, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35063 | $18,970 | $39,625 | $68,100 | $120,700 | $173,520 |
Source: Ownwell
Property Tax Bills Across Empire, Alabama
In Empire, Walker County, AL, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value. The median home price in Empire is $68,100. Homeowners in this region experience property tax bills that vary significantly, with the 25th percentile at $83 and the 75th percentile at $317. For those at the 90th percentile, tax bills can reach up to $497. These figures reflect a range of property values and tax rates within the community. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value. This variability in tax bills can significantly impact homeowners, affecting their annual financial planning and potentially their ability to maintain or improve their properties. Compared to the national median property tax rate of 0.99%, Empire's property tax rates are relatively modest, providing some financial relief to its residents.
Average Empire Tax Bill
$171
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Empire, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35063 | $41 | $83 | $171 | $317 | $497 |
Source: Ownwell