Gantt, Covington County, Alabama Property Taxes
Median Gantt, AL effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, but higher than the Alabama state median of 0.47%.
Median Gantt, AL home value: $202,000
Median annual Gantt, AL tax bill: $546, $1,854 lower than the national median property tax bill of $2,400.
How are property taxes in Covington calculated?
Property taxes in Gantt, 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 Gantt’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gantt, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gantt, Covington County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$1,091
$1,012
Property Tax Rates Across Gantt, Covington County, Alabama
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Gantt, located in Covington County, Alabama, the effective property tax rate is notably lower than the national median of 1.02%. This can be beneficial for homeowners seeking to reduce their property tax burden. Alabama's median property tax rate is also lower than the national average, making it an attractive option for those looking to save on property taxes. By comparing Gantt’s property tax rate to other cities in Alabama and the national rate, homeowners can gain a clearer understanding of how their property taxes measure up. This insight can be crucial for making informed decisions about property investments and appeals.
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 Gantt Tax Rate
0.54%
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 Covington County Tax Rate
0.34%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gantt, Covington County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36038 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Gantt, Covington County, Alabama
When examining property taxes in Gantt, 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 Covington 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 Covington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Gantt. For example, the median home price in Gantt is $202,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Gantt, Covington County, Alabama
Source: Ownwell
$51,890
$149,485
$247,080
Median Gantt Market Value
$202,000
Median Covington County Market Value
$114,020
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gantt, Covington County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36038 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Gantt, Covington County, Alabama
In Gantt, Covington County, AL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For homeowners in Gantt, the median home price is $202,000. However, property tax rates in Covington County are significantly lower than the national median of 1.02%, resulting in more affordable tax bills for local residents. The tax bill at the 25th percentile is $268, while at the 75th percentile, it rises to $1,003, and at the 90th percentile, it reaches $1,248. These figures illustrate the range of property tax bills homeowners might expect, depending on their property's assessed value and applicable exemptions.
Ownwell can assist homeowners in Gantt by providing expert property tax appeal services, potentially reducing their tax bills. By reviewing the assessed values and identifying possible discrepancies or exemptions, Ownwell helps ensure that homeowners pay only their fair share. This service not only offers financial relief but also provides peace of mind, knowing that property taxes are accurately assessed.
Median Gantt Tax Bill
$546
Median Covington County Tax Bill
$408
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Gantt, Covington County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36038 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell