35555 Property Tax Rate

Property owners in ZIP code 35555 (Fayette, Alabama) pay a median of $381/year in property taxes on homes valued at $123,500. This translates to an effective tax rate of 0.31%, which is 16% below the Alabama state average of 0.37%.

The monthly property tax burden for a median-valued home in 35555 is approximately $32, which factors into escrow payments on mortgages. This ZIP code is located within Fayette County. This is $224 less than the Alabama average of $605/year.

Compared to similar ZIP codes in Alabama, 35555 has lower property taxes. ZIP codes with similar effective rates include 35111 (0.31%) and 36319 (0.31%).

In Fayette, property taxes represent approximately 0.8% of the median household income of $50,598, providing context for the relative tax burden on homeowners in this area.

Alabama reassesses property on the county's schedule rather than at sale, so you will initially be taxed at the prior owner's assessed value until Fayette County conducts its next countywide reassessment. Fayette County provides homestead exemptions and exemptions for seniors 65+ and disabled homeowners—contact the Fayette County Assessor's office immediately to file for your exemption. Request written confirmation of your exemption and obtain your assessment notice to establish your tax baseline.