Fruitdale, Alabama Property Taxes
The median property tax rate in Fruitdale, AL is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $75,300 in Fruitdale, the typical annual property tax bill is around $190, far below the national median of $2,690. Property taxes in Fruitdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Fruitdale'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 Fruitdale or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fruitdale, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$211
Ownwell’s Fruitdale Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fruitdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fruitdale 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 Fruitdale, Alabama
Property taxes in Fruitdale, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fruitdale is 0.33%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Fruitdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fruitdale 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 Fruitdale's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35203 zip code has the highest median property tax rate of 0.66%, while the 36310 zip code has the lowest median tax rate of 0.27%. Understanding how these cities compare with Fruitdale 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 Fruitdale Tax Rate
0.28%
Average Washington County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fruitdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36539 | 0.17% | 0.23% | 0.28% | 0.30% | 0.37% |
Source: Ownwell
Property Tax Assessment Values Across Fruitdale, Alabama
In Fruitdale, Alabama, understanding the difference between "market value" and "assessed value" is essential 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 local 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 Fruitdale, 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 Fruitdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in the area is 36539, both standing at $190.
Average Fruitdale Assessed Value
$75,300
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 Fruitdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36539 | $20,890 | $37,950 | $75,300 | $137,300 | $209,490 |
Source: Ownwell
Property Tax Bills Across Fruitdale, Alabama
In Fruitdale, Washington County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Fruitdale can expect their property tax bills to vary significantly, with the 25th percentile at $105 and the 75th percentile at $353. The 90th percentile tax bill reaches up to $530, indicating a wide range of property values and corresponding tax obligations in the area. The median home price in Fruitdale is $75,300, and the property tax rate applied to this assessed value determines the final tax bill. Factors such as property improvements, location, and applicable exemptions can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Fruitdale's rates are relatively modest, making it an attractive option for homeowners seeking lower property tax burdens. This system ensures that property taxes are proportionate to the value of the property, affecting homeowners' annual financial planning and overall affordability of homeownership.
Average Fruitdale Tax Bill
$190
Average Washington County Tax Bill
$215
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Fruitdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36539 | $61 | $105 | $190 | $353 | $530 |
Source: Ownwell