Lower Peach Tree, Monroe County, Alabama Property Taxes
Median Lower Peach Tree, Alabama effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Lower Peach Tree, Alabama home value: $45,635
Median annual Lower Peach Tree, Alabama tax bill: $164, $2,236 lower than the national median property tax bill of $2,400.
How are property taxes in Monroe County calculated?
Property taxes in Lower Peach Tree, Alabama are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lower Peach Tree’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lower Peach Tree, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lower Peach Tree, Monroe County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.31%
Estimate Property Tax Bill
$141
$131
Property Tax Rates Across Lower Peach Tree, Monroe County, Alabama
Local government entities determine property tax rates, which can significantly differ across various regions within a state. This variation arises from the annual process where each county calculates its necessary budget to fund services and divides that amount by the total assessed value of all taxable property in its area, resulting in the property tax rate. Though votes and legislation play a role in shaping these rates and budgets, this is essentially the yearly procedure.
In Lower Peach Tree, located in Monroe County, Alabama, the effective property tax rate is 0.31%. This rate is considerably lower than the national median property tax rate of 1.02%. When compared to other cities in Alabama, Lower Peach Tree's tax rate also stands out as notably low, reflecting the state's tendency towards lower property taxes overall. The median property tax bill in Monroe County is likely to be significantly less than the national median of $2,400, making it an attractive location for property owners seeking lower tax obligations. Understanding these local tax dynamics can be crucial for homeowners and potential buyers when evaluating the long-term costs associated with property ownership.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lower Peach Tree Tax Rate
0.31%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Monroe County Tax Rate
0.31%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lower Peach Tree, Monroe County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36751 | 0.10% | 0.16% | 0.31% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Lower Peach Tree, Monroe County, Alabama
When examining property taxes in Lower Peach Tree, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Monroe County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Monroe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lower Peach Tree. For example, the median home price in Lower Peach Tree is $45,635, with tax bills ranging significantly across the county. Zip code 36751 has the highest median home price at $45,635.
Property Tax Assessment Values Across Lower Peach Tree, Monroe County, Alabama
Source: Ownwell
$45,635
$111,830
$178,025
Median Lower Peach Tree Market Value
$45,635
Median Monroe County Market Value
$87,150
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lower Peach Tree, Monroe County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36751 | $18,880 | $28,722 | $45,635 | $73,345 | $140,225 |
Source: Ownwell
Property Tax Bills Across Lower Peach Tree, Monroe County, Alabama
Median Lower Peach Tree Tax Bill
$164
Median Monroe County Tax Bill
$316
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Lower Peach Tree, Monroe County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36751 | $25 | $59 | $164 | $279 | $414 |
Source: Ownwell