Peterman, Monroe County, Alabama Property Taxes

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

Median Peterman, AL effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Peterman, AL home value: $62,890
Median annual Peterman, AL tax bill: $196, $2,204 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated March 1, 2025

Peterman, Monroe County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.31%

Estimate Property Tax Bill

$195

$181

Ownwell’s Peterman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Peterman with just two data points. By entering your property's estimated assessed value, our calculator applies Peterman’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Monroe 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 Monroe County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Peterman, Monroe County, Alabama

Local government entities are responsible for setting tax rates, which can vary significantly within a state. The process involves each county estimating its required budget to provide essential services and then dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Peterman, located in Monroe County, Alabama, the effective property tax rate is 0.31%, which is significantly lower than the national median property tax rate of 1.02%. This means that homeowners in Peterman benefit from a lower property tax burden compared to many other areas across the country. Additionally, the property tax bill in Peterman is typically lower than the national median property tax bill of $2,400, providing further financial relief to residents. Comparing Peterman’s tax rate to other cities in Alabama and the U.S. highlights the advantages of living in a region with a more favorable tax environment.

Property Tax Rates Across Peterman, Monroe County, Alabama

Source: Ownwell

0.24%

0.43%

0.62%

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 Peterman Tax Rate

0.31%

Median Effective Monroe County Tax Rate

0.31%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Peterman, Monroe County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
36471	0.12%	0.20%	0.31%	0.62%	0.62%

Source: Ownwell

Property Tax Assessment Values Across Peterman, Monroe County, Alabama

When examining property taxes in Peterman, 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 Monroe 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. Assessment notices: In Monroe 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 Peterman. For example, the median home price in Peterman is $62,890, with tax bills ranging significantly across the county. Zip code 36471 has the highest median home price at $62,890.

Property Tax Assessment Values Across Peterman, Monroe County, Alabama

Source: Ownwell

$45,635

$111,830

$178,025

Median Peterman Market Value

$62,890

Median Monroe County Market Value

$87,150

Median Alabama Market Value

$149,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Peterman, Monroe County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
36471	$19,126	$33,245	$62,890	$110,025	$170,734

Source: Ownwell

Property Tax Bills Across Peterman, Monroe County, Alabama

In Peterman, located in Monroe County, Alabama, property tax bills are calculated based on the assessed value of the home, typically a percentage of the market value. The median home price in Peterman is $62,890, which contributes to the area's property tax calculations. Tax bills can vary significantly, with the 25th percentile at $98 and the 75th percentile reaching $347. At the 90th percentile, homeowners face a tax bill of $617. The highest and lowest median tax bills in the area are both $196, indicating a relatively narrow range of property tax burdens compared to the national median property tax bill of $2,400.

Homeowners in Peterman can benefit from Ownwell's services, which focus on appealing property tax assessments and identifying potential exemptions. By leveraging local market data and expertise, Ownwell can help homeowners reduce their property tax bills, ensuring they only pay their fair share. This service can be particularly valuable in a community where even small savings can have a significant impact on household budgets.

Property Tax Bills Across Peterman, Monroe County, Alabama

Source: Ownwell

$164

$288

$411

Median Peterman Tax Bill

$196

Median Monroe County Tax Bill

$316

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,400

Property Tax Bills Across Peterman, Monroe County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
36471	$34	$98	$196	$347	$617

Source: Ownwell