Fosters, Greene County, Alabama Property Taxes

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

Median Fosters, AL effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but higher than the Alabama state median of 0.47%.
Median Fosters, AL home value: $53,600
Median annual Fosters, AL tax bill: $206, $2,194 lower than the national median property tax bill of $2,400.

How are property taxes in Greene County calculated?

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

Last Updated March 1, 2025

Fosters, Greene County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.49%

Estimate Property Tax Bill

$263

$244

Ownwell’s Fosters Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fosters with just two data points. By entering your property's estimated assessed value, our calculator applies Fosters’ 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 Greene County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fosters, Greene County, Alabama

Local government entities determine property tax rates, which can differ significantly across regions. Each county assesses its budgetary needs annually to fund essential services and then divides this requirement by the total value of all taxable properties within its boundaries. This method establishes the property tax rate. Although setting tax rates and budgets involves legislative processes and public voting, this is the fundamental annual procedure.

In Fosters, located in Greene County, Alabama, the effective property tax rate is notably lower than both the state and national averages. With a median tax rate of 0.49%, property owners in Fosters enjoy a significantly reduced tax burden compared to the national median property tax rate of 1.02%. This lower rate can be particularly appealing to homeowners seeking affordability in property expenses. Additionally, the median property tax bill in Fosters is substantially below the national median of $2,400, offering further financial relief to residents. By understanding these local tax dynamics, property owners in Fosters can better appreciate the cost advantages of residing in this region while benefiting from the services funded by these taxes.

Property Tax Rates Across Fosters, Greene County, Alabama

Source: Ownwell

0.37%

0.42%

0.47%

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 Fosters Tax Rate

0.49%

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 Fosters, Greene County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
35463	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fosters, Greene County, Alabama

When examining property taxes in Fosters, 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 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 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 Fosters. For example, the median home price in Fosters is $53,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Fosters, Greene County, Alabama

Source: Ownwell

$47,750

$61,775

$75,800

Median Fosters Market Value

$53,600

Median Greene County Market Value

$64,700

Median Alabama Market Value

$149,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fosters, Greene County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
35463	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fosters, Greene County, Alabama

In Fosters, property tax bills are calculated based on the assessed value of a home, which is determined by the Greene County tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Fosters, the median home price stands at $53,600. With the national median property tax rate at 1.02%, the tax bills in Fosters can vary significantly. For instance, those at the 25th percentile pay around $123, while those at the 75th percentile face bills of approximately $344. At the 90th percentile, tax bills can reach up to $532. These figures highlight the variation in tax obligations depending on a home's assessed value and other factors. Such variations can place a financial burden on homeowners. Ownwell can assist by reviewing your property assessment and identifying potential savings, ensuring you pay only your fair share. Our expertise in property tax appeals can help you achieve significant reductions in your tax bill, providing peace of mind and financial relief.

Property Tax Bills Across Fosters, Greene County, Alabama

Source: Ownwell

$200

$295

$389

Median Fosters Tax Bill

$206

Median Greene County Tax Bill

$290

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,400

Property Tax Bills Across Fosters, Greene County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
35463	N/A	N/A	N/A	N/A	N/A

Source: Ownwell