Mckenzie, Covington County, Alabama Property Taxes

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

Median McKenzie, 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 McKenzie, AL home value: $32,360
Median annual McKenzie, AL tax bill: $175, $2,225 lower than the national median property tax bill of $2,400.

How are property taxes in Covington calculated?

Property taxes in McKenzie, 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 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

Mckenzie, Covington County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.54%

Estimate Property Tax Bill

$175

$162

Ownwell’s McKenzie Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in McKenzie with just two data points. By entering your property's estimated assessed value, our calculator applies McKenzie'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 Mckenzie, Covington County, Alabama

Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In McKenzie, located in Covington County, Alabama, the effective property tax rate is a point of interest. Alabama's median property tax rate is notably lower than the national median of 1.02%. This makes McKenzie's property tax rate quite attractive for property owners compared to other regions.

Comparing McKenzie’s effective property tax rate to other cities in Alabama and the national average reveals significant differences. Property owners in McKenzie benefit from lower tax obligations, which can be a crucial factor in financial planning and property investment decisions. This advantageous tax environment can be appealing for those looking to maximize their property investments while minimizing tax liabilities.

Property Tax Rates Across Mckenzie, 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 Mckenzie Tax Rate

0.54%

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 Mckenzie, Covington County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
36456	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mckenzie, Covington County, Alabama

When examining property taxes in McKenzie, 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 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 McKenzie. For example, the median home price in McKenzie is $32,360, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mckenzie, Covington County, Alabama

Source: Ownwell

$51,890

$149,485

$247,080

Median Mckenzie Market Value

$32,360

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 Mckenzie, Covington County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
36456	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mckenzie, Covington County, Alabama

In McKenzie, located in Covington County, Alabama, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. The median home price in McKenzie is significantly lower than the national average, which contributes to a lower property tax burden for homeowners. The property tax bill here is remarkably consistent, with the 25th, 75th, and 90th percentiles all at $175, far below the national median property tax bill of $2,400. This lower tax bill is beneficial for homeowners, making homeownership more affordable. However, even with such low tax bills, there might be opportunities for further savings. Ownwell specializes in property tax appeals and exemptions, helping homeowners ensure their property is fairly assessed. By reviewing property assessments and identifying potential discrepancies, Ownwell can help homeowners in McKenzie potentially reduce their tax bills even further, ensuring they only pay their fair share.

Property Tax Bills Across Mckenzie, Covington County, Alabama

Source: Ownwell

$243

$416

$589

Median Mckenzie Tax Bill

$175

Median Covington County Tax Bill

$408

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,400

Property Tax Bills Across Mckenzie, Covington County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
36456	N/A	N/A	N/A	N/A	N/A

Source: Ownwell