Boykin, Wilcox County, Alabama Property Taxes
Median Boykin, Alabama effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Boykin, Alabama home value: $124,725
Median annual Boykin, Alabama tax bill: $345, $2,055 lower than the national median property tax bill of $2,400.
How are property taxes in Wilcox calculated?
Property taxes in Boykin, Alabama 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 Boykin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boykin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Boykin, Wilcox County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$449
$417
Property Tax Rates Across Boykin, Wilcox County, Alabama
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and then divides that amount by the total value of all taxable property within its jurisdiction. This calculation yields the property tax rate. While votes and legislative measures play a role in setting these rates and budgets, this process essentially repeats each year.
You can compare Boykin’s effective property tax rate to other cities in Alabama and the median property tax rates in Alabama and the U.S. Boykin, located in Wilcox County, has an effective property tax rate of 0.36%. This rate is significantly lower than the national median property tax rate of 1.02%. Consequently, residents in Boykin benefit from lower property tax bills compared to the national median property tax bill of $2,400. This favorable tax environment makes Boykin an attractive location for property owners seeking to minimize their tax burden.
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 Boykin Tax Rate
0.36%
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 Wilcox County Tax Rate
0.36%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Boykin, Wilcox County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36723 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Boykin, Wilcox County, Alabama
When examining property taxes in Boykin, 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 Wilcox 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 Wilcox 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 Boykin. For example, the median home price in Boykin is $124,725, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Boykin, Wilcox County, Alabama
Source: Ownwell
$74,340
$94,790
$115,240
Median Boykin Market Value
$124,725
Median Wilcox County Market Value
$99,190
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Boykin, Wilcox County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36723 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Boykin, Wilcox County, Alabama
In Boykin, property tax bills are determined by the assessed value of a property, which is a percentage of its market value. The median home price in Boykin is $124,725, but the tax bills are notably low, with amounts like $345 at the 25th, 75th, and 90th percentiles. This is significantly below the national median property tax bill of $2,400, which can be a relief for homeowners. However, even with lower tax bills, it's essential to ensure that your property is assessed accurately to avoid overpaying.
Factors such as changes in property value, local tax rates, and exemptions can influence the final tax bill. Homeowners in Boykin can benefit from consulting with experts to ensure their property taxes are fair and accurate. Ownwell offers property tax appeal and exemption services, helping homeowners navigate the complexities of property assessments. By identifying discrepancies and advocating for fair valuations, Ownwell can potentially save homeowners money on their property tax bills, ensuring they only pay what's necessary.
Median Boykin Tax Bill
$345
Median Wilcox County Tax Bill
$331
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Boykin, Wilcox County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36723 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell