Deer Park, Alabama Property Taxes
The median property tax rate in Deer Park, AL is 0.26%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $93,650 in Deer Park, the typical annual property tax bill is approximately $223, far below the national median of $2,690. Property taxes in Deer Park are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Deer Park'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 Deer Park or another part of Washington County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deer Park, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$243
Ownwell’s Deer Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deer Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deer Park 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 Deer Park, Alabama
Property taxes in Deer Park, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer Park is 0.31%, which is higher than the Alabama state median of 0.33% but lower than the U.S. national median of 0.99%. Local government entities within Deer Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deer Park 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 Deer Park's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35621 zip code has the highest median property tax rate of 0.66%, while the 36768 zip code has the lowest median tax rate of 0.15%. Understanding how these cities compare with Deer Park provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deer Park Tax Rate
0.26%
Average Washington County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deer Park, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36529 | 0.13% | 0.18% | 0.26% | 0.30% | 0.34% |
Source: Ownwell
Property Tax Assessment Values Across Deer Park, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Deer Park, 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 Washington 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. Assessment notices in Deer Park 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. The zip code with the highest median tax bill in Deer Park is 36529, with a tax bill of $223. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Deer Park Assessed Value
$93,650
Average Washington County Assessed Value
$82,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deer Park, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36529 | $28,180 | $46,675 | $93,650 | $165,050 | $299,800 |
Source: Ownwell
Property Tax Bills Across Deer Park, Alabama
In Deer Park, Washington County, AL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value of the property, which is periodically evaluated by local authorities. Homeowners in Deer Park experience varying tax bills, with the 25th percentile paying around $117, the 75th percentile paying about $381, and the 90th percentile facing bills up to $604. The median home price in the area is $93,650, which influences the overall tax burden on residents. Compared to the national median property tax rate of 0.99%, Deer Park's property tax rates can be seen as relatively moderate, with the highest median tax bill recorded at $223. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Understanding how these taxes are calculated can help residents better anticipate their financial obligations and plan accordingly.
Average Deer Park Tax Bill
$223
Average Washington County Tax Bill
$215
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Deer Park, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36529 | $70 | $117 | $223 | $381 | $604 |
Source: Ownwell