Bear Creek, Marion County, Alabama Property Taxes
Median Bear Creek, AL effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Bear Creek, AL home value: $71,390
Median annual Bear Creek, AL tax bill: $247, $2,153 lower than the national median property tax bill of $2,400.
How are property taxes in Marion calculated?
Property taxes in Bear Creek, 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 Bear Creek’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bear Creek, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bear Creek, Marion County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.32%
Estimate Property Tax Bill
$228
$212
Property Tax Rates Across Bear Creek, Marion County, Alabama
Local government entities set tax rates, and these can differ significantly even within the same state. This variation is largely due to each county's annual budget requirements. To fund essential services, counties estimate their necessary expenditures and divide this by the total assessed value of all taxable properties within their boundaries, resulting in the property tax rate. This process, while influenced by votes and legislation, is essentially how property taxes are determined each year.
Bear Creek in Marion County, Alabama, offers a prime example of how property tax rates can vary. The effective property tax rate here is notably lower than the national median of 1.02%. When compared to the median property tax rates in Alabama and across the United States, Bear Creek's rate stands out for its affordability. This can make it an attractive location for property owners seeking lower tax burdens. Understanding these local tax dynamics is crucial for property owners looking to optimize their tax liabilities.
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 Bear Creek Tax Rate
0.32%
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 Marion County Tax Rate
0.32%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bear Creek, Marion County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35543 | 0.20% | 0.25% | 0.32% | 0.55% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Bear Creek, Marion County, Alabama
When examining property taxes in Bear Creek, 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 Marion 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 Marion 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 Bear Creek. For example, the median home price in Bear Creek is $71,390, with tax bills ranging significantly across the county. Zip code 35543 has the highest median home price at $71,390.
Property Tax Assessment Values Across Bear Creek, Marion County, Alabama
Source: Ownwell
$65,418
$95,434
$125,450
Median Bear Creek Market Value
$71,390
Median Marion County Market Value
$95,335
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bear Creek, Marion County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35543 | $25,890 | $41,320 | $71,390 | $114,160 | $181,170 |
Source: Ownwell
Property Tax Bills Across Bear Creek, Marion County, Alabama
Median Bear Creek Tax Bill
$247
Median Marion County Tax Bill
$328
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Bear Creek, Marion County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35543 | $83 | $152 | $247 | $417 | $721 |
Source: Ownwell