Natural Bridge, Alabama Property Taxes
The median property tax rate in Natural Bridge, AL is 0.23%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value of $77,460 in Natural Bridge, the typical annual property tax bill is around $196, far below the national median of $2,690. Property taxes in Natural Bridge 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 Natural Bridge'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 Natural Bridge 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
Natural Bridge, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$178
Ownwell’s NATURAL BRIDGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NATURAL BRIDGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NATURAL BRIDGE 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 Natural Bridge, Alabama
Property taxes in Natural Bridge, Alabama, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Natural Bridge 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 Natural Bridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Natural Bridge 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 Natural Bridge'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 0.64%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these cities compare with Natural Bridge provides valuable insights into the varying tax landscape across Winston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Natural Bridge Tax Rate
0.23%
Average Winston County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Natural Bridge, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35577 | 0.19% | 0.20% | 0.23% | 0.25% | 0.27% |
Source: Ownwell
Property Tax Assessment Values Across Natural Bridge, Alabama
In Natural Bridge, 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 Winston 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 Natural Bridge, 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. The median home price in Natural Bridge is $77,460, with tax bills ranging from $134 at the 25th percentile to $296 at the 90th percentile. The zip code 35577 has the highest and lowest median tax bill at $196. 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 Natural Bridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Natural Bridge Assessed Value
$77,460
Average Winston County Assessed Value
$114,100
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Natural Bridge, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35577 | $47,668 | $58,840 | $77,460 | $96,080 | $107,252 |
Source: Ownwell
Property Tax Bills Across Natural Bridge, Alabama
Property tax bills in Natural Bridge, located in Winston County, AL, are determined based on the assessed value of the property. The median home price in Natural Bridge is $77,460. Property taxes are calculated by applying the local tax rate to this assessed value. For homeowners in this region, the tax bill can vary significantly. At the 25th percentile, the tax bill is approximately $134, while at the 75th percentile, it rises to $259. Homeowners at the 90th percentile can expect to pay around $296 in property taxes. These variations in tax bills are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in Natural Bridge are relatively lower, making it an attractive location for homeowners seeking affordable property taxes. However, it’s essential for homeowners to stay informed about their property’s assessed value and any changes in local tax policies to manage their tax liabilities effectively.
Average Natural Bridge Tax Bill
$196
Average Winston County Tax Bill
$384
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Natural Bridge, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35577 | $97 | $134 | $196 | $259 | $296 |
Source: Ownwell