Pine Apple, Alabama Property Taxes
The median property tax rate in Pine Apple, AL is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Pine Apple at $85,450, the typical annual property tax bill amounts to $272, well below the national median of $2,690. Property taxes in Pine Apple 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 Pine Apple'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 Pine Apple 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
Pine Apple, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$291
$270
Ownwell’s Pine Apple Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Apple with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Apple 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 Pine Apple, Alabama
Property taxes in Pine Apple, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Apple 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 Pine Apple set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Apple 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 Pine Apple'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 at 0.43%, while the lowest median tax rate is in Crenshaw County at 0.17%. Understanding how these counties compare with Pine Apple 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 Pine Apple Tax Rate
0.34%
Average Wilcox County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Apple, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36768 | 0.19% | 0.26% | 0.34% | 0.36% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Pine Apple, Alabama
In Pine Apple, 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. 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 Pine Apple helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pine Apple is $85,450, with tax bills ranging from $155 at the 25th percentile to $943 at the 90th percentile. The highest and lowest median tax bills are both $272, found in zip code 36768.
Average Pine Apple Assessed Value
$85,450
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 Pine Apple, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36768 | $30,723 | $50,305 | $85,450 | $164,185 | $280,955 |
Source: Ownwell
Property Tax Bills Across Pine Apple, Alabama
In Pine Apple, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The specific rate applied to this assessed value determines the amount owed. Homeowners in Pine Apple, located in Wilcox County, typically see a median property tax rate of 0.32%, significantly lower than the national median of 0.99%. For instance, with a median home price of $85,450, the tax bill at the 25th percentile is around $155, while at the 75th percentile, it rises to $512. At the 90th percentile, homeowners can expect to pay approximately $943. This lower tax rate can be beneficial for homeowners, as it reduces the annual financial burden compared to higher-tax regions. However, it's essential to consider that lower taxes may also reflect fewer local services and amenities funded by these taxes. Homeowners should weigh these factors when evaluating the overall impact on their finances and quality of life.
Average Pine Apple Tax Bill
$272
Average Wilcox County Tax Bill
$331
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Apple, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36768 | $82 | $155 | $272 | $512 | $943 |
Source: Ownwell