Fayette, Fayette County, Alabama Property Taxes
Median Fayette, AL effective property tax rate: 0.35%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Fayette, AL home value: $96,600
Median annual Fayette, AL tax bill: $370, $2,030 lower than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Fayette, 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 Fayette’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fayette, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fayette, Fayette County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.34%
Estimate Property Tax Bill
$330
$306
Property Tax Rates Across Fayette, Fayette County, Alabama
Local government entities set property tax rates, which can vary significantly within Alabama. Each year, counties estimate their budgets to provide necessary services and divide that by the total assessed value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While voting and legislation play roles in setting these rates, this is the basic process followed annually.
In Fayette, located in Fayette County, the effective property tax rate is notably lower than both Alabama's median tax rate and the national median. This presents an opportunity for property owners in Fayette to benefit from lower tax bills compared to other regions. With the national median property tax rate at 1.02% and a median bill of $2,400, Fayette's rate offers a significant advantage for homeowners looking to save on property taxes. By understanding these rates and the annual budgetary process, property owners can make informed decisions and potentially appeal their property taxes to ensure they are not overpaying.
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 Fayette Tax Rate
0.34%
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 Fayette County Tax Rate
0.31%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fayette, Fayette County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35555 | 0.21% | 0.27% | 0.34% | 0.61% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Fayette, Fayette County, Alabama
When examining property taxes in Fayette, 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 Fayette 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 Fayette 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 Fayette. For example, the median home price in Fayette is $96,600, with tax bills ranging significantly across the county. Zip code 35555 has the highest median home price at $96,600.
Property Tax Assessment Values Across Fayette, Fayette County, Alabama
Source: Ownwell
$77,400
$94,350
$111,300
Median Fayette Market Value
$96,950
Median Fayette County Market Value
$94,800
Median Alabama Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fayette, Fayette County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35555 | $25,300 | $52,100 | $96,950 | $170,575 | $264,270 |
Source: Ownwell
Property Tax Bills Across Fayette, Fayette County, Alabama
Median Fayette Tax Bill
$367
Median Fayette County Tax Bill
$329
Median Alabama Tax Bill
$813
Median United States Tax Bill
$2,400
Property Tax Bills Across Fayette, Fayette County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35555 | $76 | $190 | $367 | $648 | $1,053 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
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| Appeal Deadline | May 1 |
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