Alberta, Alabama Property Taxes
The median property tax rate in Alberta, AL is 0.36%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $83,260 in Alberta, the typical annual property tax bill reaches $246, well below the national median of $2,690. Property taxes in Alberta 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 Alberta'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 Alberta 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
Alberta, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$300
Ownwell’s Alberta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alberta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alberta 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 Alberta, Alabama
Property taxes in Alberta, Alabama, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alberta is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Alberta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alberta 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 Alberta'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 found in Shelby County with a rate of 0.48%, while the lowest median tax rate is in Choctaw County at 0.18%. Understanding how these counties compare with Alberta provides valuable insights into the varying tax landscape across Wilcox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alberta Tax Rate
0.36%
Average Wilcox County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alberta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36720 | 0.22% | 0.28% | 0.36% | 0.36% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Alberta, Alabama
In Alberta, 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 Wilcox 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 Alberta, 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 Alberta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Alberta is $246 in the 36720 zip code, while the lowest median tax bill is also $246 in the same zip code. This indicates a uniform tax experience within Alberta, making it essential for property owners to stay informed and proactive in managing their property taxes.
Average Alberta Assessed Value
$83,260
Average Wilcox County Assessed Value
$99,190
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alberta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36720 | $34,948 | $49,450 | $83,260 | $145,380 | $225,542 |
Source: Ownwell
Property Tax Bills Across Alberta, Alabama
In Alberta, Wilcox County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $83,260, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill in this area is $143, while those in the 75th percentile see bills around $470. The 90th percentile tax bill can go as high as $799. These figures highlight the variability in property tax obligations, which depend on the assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Alberta's rates can be quite different, affecting homeowners' financial planning and overall housing affordability. Understanding these factors is crucial for homeowners to manage their budgets and anticipate future expenses.
Average Alberta Tax Bill
$246
Average Wilcox County Tax Bill
$331
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Alberta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36720 | $88 | $143 | $246 | $470 | $799 |
Source: Ownwell