Mc Kenzie, Covington County, Alabama Property Taxes

Name: Property Tax Bills Across Mc Kenzie, Covington County, Alabama
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

McKenzie, Alabama's effective property tax rate stands at 0.25%, significantly lower than the national median of 1.02%, and also below Alabama's state median of 0.47%. The median home value in McKenzie is $111,470. The median annual tax bill in McKenzie is $273, which is $2,127 lower than the national median property tax bill of $2,400.

Property taxes in Covington County 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 McKenzie's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McKenzie, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mc Kenzie, Covington County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.25%

Estimate Property Tax Bill

$279

$259

Ownwell’s MC KENZIE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MC KENZIE with just two data points. By entering your property's estimated assessed value, our calculator applies MC KENZIE’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Covington. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mc Kenzie, Covington County, Alabama

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate their budgetary requirements to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the annual process in a nutshell.

In MC KENZIE, located in Covington County, the effective property tax rate is notably lower than both the state and national medians. With Alabama's median property tax rate standing at 0.25%, MC KENZIE offers a competitive rate, especially when compared to the national median of 1.02%. This lower tax rate can be an attractive factor for property owners considering investment or relocation, as it may translate to significant savings over time.

Comparing MC KENZIE's property tax rate to other cities in Alabama further highlights its advantage. For property owners, understanding these rates is crucial for making informed decisions about property investments and managing expenses effectively.

Property Tax Rates Across Mc Kenzie, Covington County, Alabama

Source: Ownwell

0.25%

0.49%

0.74%

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 Mc Kenzie Tax Rate

0.25%

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 Mc Kenzie, Covington County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
36456	0.12%	0.22%	0.25%	0.54%	0.54%

Source: Ownwell

Property Tax Assessment Values Across Mc Kenzie, Covington County, Alabama

When examining property taxes in MC KENZIE, AL, 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 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 MC KENZIE. For example, the median home price in MC KENZIE is $111,470, with tax bills ranging significantly across the county. ZIP code 36456 has the highest median home price at $111,470.

Property Tax Assessment Values Across Mc Kenzie, Covington County, Alabama

Source: Ownwell

$51,890

$149,485

$247,080

Median Mc Kenzie Market Value

$111,470

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 Mc Kenzie, Covington County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
36456	$25,610	$55,345	$111,470	$163,140	$237,706

Source: Ownwell

Property Tax Bills Across Mc Kenzie, Covington County, Alabama

Property tax bills in McKenzie, located in Covington County, Alabama, are determined by the assessed value of a property multiplied by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. In McKenzie, the median home price is $111,470, and property tax bills can range widely. For example, the 25th percentile tax bill is $156, while the 75th percentile reaches $425, and the 90th percentile goes up to $593. Compared to the national median property tax bill of $2,400, homeowners in McKenzie enjoy relatively low property taxes. However, even with these lower rates, it's crucial for homeowners to ensure their assessments are accurate to avoid overpaying. This is where Ownwell can make a difference. By offering professional property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay their fair share. This assistance can result in significant savings, easing the financial burden on homeowners.

Property Tax Bills Across Mc Kenzie, Covington County, Alabama

Source: Ownwell

$243

$416

$589

Median Mc Kenzie Tax Bill

$273

Median Covington County Tax Bill

$408

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,400

Property Tax Bills Across Mc Kenzie, Covington County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
36456	$81	$156	$273	$425	$593

Source: Ownwell