36316 Property Tax Rate

Property owners in ZIP code 36316 (Chancellor, Alabama) pay a median of $653/year in property taxes on homes valued at $187,100. This translates to an effective tax rate of 0.35%, which is 5% below the Alabama state average of 0.37%.

The monthly property tax burden for a median-valued home in 36316 is approximately $54, which factors into escrow payments on mortgages. This ZIP code is located within Geneva County.

Compared to similar ZIP codes in Alabama, 36316 has lower property taxes. ZIP codes with similar effective rates include 36401 (0.35%) and 35171 (0.35%).

In Chancellor, property taxes represent approximately 0.9% of the median household income of $74,430, providing context for the relative tax burden on homeowners in this area.

Alabama has no statewide assessment cap; your home will be reassessed to market value at purchase and may increase annually based on county appraisal rolls. Geneva County offers a $4,000 Homestead Exemption for primary residences—file your application with the Geneva County Assessor's office to reduce your taxable assessed value. Submit your exemption paperwork to Geneva County Assessor within the required timeframe after closing to ensure it applies to your first tax bill.