35592 Property Tax Rate

Property owners in ZIP code 35592 (Vernon, Alabama) pay a median of $199/year in property taxes on homes valued at $126,900. This translates to an effective tax rate of 0.16%, which is 57% below the Alabama state average of 0.37%.

The monthly property tax burden for a median-valued home in 35592 is approximately $17, which factors into escrow payments on mortgages. This ZIP code is located within Lamar County. This is $406 less than the Alabama average of $605/year.

Compared to similar ZIP codes in Alabama, 35592 has lower property taxes. ZIP codes with similar effective rates include 36263 (0.16%) and 35470 (0.17%).

In Vernon, property taxes represent approximately 0.5% of the median household income of $43,417, providing context for the relative tax burden on homeowners in this area.

Alabama has no statewide property tax cap; Lamar County reassesses at market value upon sale, and existing owners face annual increases set by county officials. Homeowners 65 and older with annual income under $12,500 qualify for the Homestead Exemption, which removes up to $5,000 from assessed value — apply with the Lamar County Assessor's office by December 31. Contact the Lamar County Assessor immediately after closing to register your homestead exemption and request your property's assessed value to verify it reflects the purchase price.