Green Pond, Bibb County, Alabama Property Taxes
Median GREEN POND, AL effective property tax rate: 0.18%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median GREEN POND, AL home value: $94,200
Median annual GREEN POND, AL tax bill: $160, $2,240 lower than the national median property tax bill of $2,400.
How are property taxes in Bibb calculated?
Property taxes in GREEN POND, AL 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 GREEN POND’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in GREEN POND, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Green Pond, Bibb County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.18%
Estimate Property Tax Bill
$170
$157
Property Tax Rates Across Green Pond, Bibb County, Alabama
Local government entities in Alabama set tax rates, leading to significant variation across the state. Each year, counties like Bibb estimate their required budget to provide essential services, then divide this by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this calculation forms the core of the annual property tax process.
In Green Pond, located in Bibb County, property owners experience an effective tax rate that stands out when compared to other cities in Alabama. The median property tax rate in Alabama is notably lower than the national median, which is 1.02%, making it an appealing location for property owners seeking lower tax burdens. This comparison highlights how Green Pond's tax rate aligns with the state's trend of maintaining relatively low property taxes, offering potential savings for homeowners when contrasted with the national average. Understanding these variations can empower property owners to make informed decisions about their investments.
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 Green Pond Tax Rate
0.18%
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 Bibb County Tax Rate
0.26%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Green Pond, Bibb County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35074 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Green Pond, Bibb County, Alabama
When examining property taxes in Green Pond, 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 Bibb 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 Bibb 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 Green Pond. For example, the median home price in Green Pond is $94,200, with tax bills ranging significantly across the county. 35074 has the highest median home price at $94,200.
Property Tax Assessment Values Across Green Pond, Bibb County, Alabama
Source: Ownwell
$38,000
$79,200
$120,400
Median Green Pond Market Value
$94,200
Median Bibb County Market Value
$88,300
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Green Pond, Bibb County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35074 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Green Pond, Bibb County, Alabama
In Green Pond, located in Bibb County, AL, property tax bills are determined by assessing the property value and applying the local tax rate. With a median home price of $94,200, homeowners in Green Pond typically see tax bills that vary significantly. The 25th percentile tax bill is $124, while the 75th percentile reaches $196, and the 90th percentile is $217. These figures are considerably lower than the national median property tax bill of $2,400, reflecting the region's lower property values and tax rates. However, even modest tax bills can impact homeowners' finances, especially when unexpected increases occur.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying on their tax bills. This service can lead to substantial savings, providing peace of mind and financial relief. Engaging with Ownwell means that homeowners can potentially reduce their tax obligations, ensuring their bills accurately reflect their property's true assessed value.
Median Green Pond Tax Bill
$160
Median Bibb County Tax Bill
$224
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Green Pond, Bibb County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35074 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell