Forkland, Greene County, Alabama Property Taxes
Median Forkland, AL effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%. Median Forkland, AL home value: $54,850. Median annual Forkland, AL tax bill: $227, $2,173 lower than the national median property tax bill of $2,400.
How are property taxes in Greene County calculated?
Property taxes in Forkland, 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 Forkland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Forkland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Forkland, Greene County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$261
$243
Property Tax Rates Across Forkland, Greene County, Alabama
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate their necessary budget for services and divide that by the total value of all taxable property within their area, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Forkland, located in Greene County, Alabama, the effective property tax rate is 0.45%, which is significantly lower compared to the national median of 1.02%. This rate is consistent across the entire 36740 zip code, indicating a uniform tax approach in the area. The median property tax bill in Forkland is also considerably lower than the national median of $2,400. This lower tax burden can be an attractive feature for property owners in the region, offering potential savings compared to other parts of the country. When considering property investments or relocations, understanding these local tax dynamics can be crucial in financial planning and decision-making.
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 Forkland Tax Rate
0.45%
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 Greene County Tax Rate
0.45%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Forkland, Greene County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36740 | 0.25% | 0.36% | 0.45% | 0.50% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Forkland, Greene County, Alabama
When examining property taxes in Forkland, 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 Greene 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 Greene County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Forkland.
For example, the median home price in Forkland is $54,850, with tax bills ranging significantly across the county. Zip code 36740 has the highest median home price at $54,850.
Property Tax Assessment Values Across Forkland, Greene County, Alabama
Source: Ownwell
$49,700
$62,900
$76,100
Median Forkland Market Value
$58,100
Median Greene County Market Value
$66,100
Median Alabama Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Forkland, Greene County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36740 | $15,480 | $29,700 | $58,100 | $106,100 | $183,120 |
Source: Ownwell
Property Tax Bills Across Forkland, Greene County, Alabama
Median Forkland Tax Bill
$237
Median Greene County Tax Bill
$294
Median Alabama Tax Bill
$813
Median United States Tax Bill
$2,400
Property Tax Bills Across Forkland, Greene County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36740 | $66 | $128 | $237 | $463 | $820 |
Source: Ownwell