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The county has an average effective property tax rate (property taxes as a percentage of market value) of about 0.36%. Actual property tax rates in the county are based on assessed value (10% of market value), with millage rates ranging from 11.5 to 9.5.
- Property Classification
- Millage Rate
- Exemptions
Your Alabama taxes are calculated using your property’s assessed value. This is determined by multiplying the appraised value by the corresponding property classification, which is also known as the assessment rate. Appraised Value x Property Classification = Assessed Value
Once the assessed value of your property has been determined, multiply it by the appropriate millage ratefor the area in which you live. Millage rates are determined by the county commissions and other taxing agencies. Millage is the tax rate expressed in decimal form. 1. A mill is one-tenth of one cent. (.001) 2. 1 mill = $0.001 3. 10 mills = one ...
After determining your unadjusted tax bill, subtract any exemptionsyou might have. This gives you the adjusted tax bill.
Property Tax sets the standards and procedures for equalization of property values in the counties and ensures property is taxed uniformly throughout Alabama.
1. What is the current property tax rate in Alabama? As of 2021, the current property tax rate in Alabama is 0.409%. 2. How are property taxes calculated in Alabama? In Alabama, property taxes are calculated by multiplying the assessed value of the property by the applicable tax rate.
It offers accurate, up-to-date estimates of your property tax obligations, factoring in your property’s assessed value and county tax rates. By leveraging this tool, you can make informed financial decisions, plan your budget effectively, and avoid any surprises when tax time comes around.
To calculate your property taxes, start by typing the county and state where the property is located and then enter the home value. Press calculate to see the average property tax rate, along with an estimate of the monthly and yearly property tax costs.
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The state tax rate is 6.5 mills. County millages vary per taxing jurisdiction. Counties and cities may decrease their ad valorem tax rate, provided the decrease does not jeopardize the payment of bonded indebtedness.
