Mc Intosh, Alabama Property Taxes
The median property tax rate in MC INTOSH, AL is 0.30%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in MC INTOSH, the typical annual property tax bill reaches $193, significantly below the national median of $2,690. Property taxes in MC INTOSH 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 MC INTOSH'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 MC INTOSH 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
Mc Intosh, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s MC INTOSH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC INTOSH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC INTOSH 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 Mc Intosh, Alabama
Property taxes in MC INTOSH, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MC INTOSH is 0.23%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within MC INTOSH set these rates annually, and they can vary significantly across different neighborhoods. Each year, MC INTOSH 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 MC INTOSH'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 0.66%, while the lowest median tax rate is 0.18%. Understanding how these cities compare with MC INTOSH 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 Mc Intosh Tax Rate
0.30%
Average Washington County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Intosh, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36553 | 0.21% | 0.26% | 0.30% | 0.35% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Mc Intosh, Alabama
In MC INTOSH, 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 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. In MC INTOSH, 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. For instance, the median home price in MC INTOSH is $73,200, with tax bills ranging from $103 at the 25th percentile to $580 at the 90th percentile. The zip code with the highest and lowest median tax bill is 36553, both at $193. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Intosh Assessed Value
$73,200
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 Mc Intosh, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36553 | $22,100 | $38,350 | $73,200 | $138,650 | $209,040 |
Source: Ownwell
Property Tax Bills Across Mc Intosh, Alabama
In McIntosh, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, this means that the tax bill is directly influenced by the value of their property. The median home price in McIntosh is $73,200, and property taxes are assessed accordingly. Factors such as local tax rates and any applicable exemptions also play a crucial role in determining the final tax bill. For instance, the 25th percentile tax bill in McIntosh is $103, while the 75th percentile tax bill is $376, and the 90th percentile tax bill reaches $580. These figures highlight the range of property tax bills homeowners might expect, depending on their property's assessed value and any qualifying exemptions. When compared to the national median property tax rate of 0.99%, McIntosh residents generally experience lower property tax bills. This can significantly affect homeowners by making property ownership more affordable and potentially increasing the attractiveness of the area for new buyers.
Average Mc Intosh Tax Bill
$193
Average Washington County Tax Bill
$215
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Intosh, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36553 | $64 | $103 | $193 | $376 | $580 |
Source: Ownwell