Fort Deposit, Lowndes County, Alabama Property Taxes
Median FORT DEPOSIT, AL effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but higher than the Alabama state median of 0.47%.
Median FORT DEPOSIT, AL home value: $107,650
Median annual FORT DEPOSIT, AL tax bill: $603, $1,797 lower than the national median property tax bill of $2,400.
How are property taxes in Lowndes calculated?
Property taxes in FORT DEPOSIT, 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 FORT DEPOSIT’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FORT DEPOSIT, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fort Deposit, Lowndes County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$614
$569
Property Tax Rates Across Fort Deposit, Lowndes County, Alabama
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is due to the annual process where each county, including Lowndes County, estimates the budget needed to provide essential services. This budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining these rates and budgets, this is the simplified annual process.
In Fort Deposit, located in Lowndes County, the effective property tax rate offers an interesting comparison to other cities in Alabama, as well as the median property tax rates across the state and the nation. With Alabama's median property tax rate at 0.57%, it is notably lower than the national median of 1.02%. This difference highlights the variability in property tax rates across the country. Understanding these differences can be crucial for property owners looking to manage their property tax liabilities effectively.
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 Fort Deposit Tax Rate
0.57%
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 Lowndes County Tax Rate
0.45%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fort Deposit, Lowndes County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36032 | 0.35% | 0.45% | 0.57% | 0.64% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Fort Deposit, Lowndes County, Alabama
When examining property taxes in Fort Deposit, 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 Lowndes 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 Lowndes 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 Fort Deposit. For example, the median home price in Fort Deposit is $107,650, with tax bills ranging significantly across the county. ZIP code 36032 has the highest median home price at $107,650.
Property Tax Assessment Values Across Fort Deposit, Lowndes County, Alabama
Source: Ownwell
$69,330
$139,155
$208,980
Median Fort Deposit Market Value
$107,650
Median Lowndes County Market Value
$118,330
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fort Deposit, Lowndes County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36032 | $48,440 | $70,205 | $107,650 | $160,020 | $243,320 |
Source: Ownwell
Property Tax Bills Across Fort Deposit, Lowndes County, Alabama
Median Fort Deposit Tax Bill
$603
Median Lowndes County Tax Bill
$581
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Fort Deposit, Lowndes County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36032 | $257 | $373 | $603 | $949 | $1,432 |
Source: Ownwell