36555 Property Tax Rate

Property owners in ZIP code 36555 (Magnolia Springs, Alabama) pay a median of $945/year in property taxes on homes valued at $392,700. This translates to an effective tax rate of 0.24%, which is 35% below the Alabama state average of 0.37%.

The monthly property tax burden for a median-valued home in 36555 is approximately $79, which factors into escrow payments on mortgages. This ZIP code is located within Baldwin County. This is $340 more than the Alabama average of $605/year.

Compared to similar ZIP codes in Alabama, 36555 has lower property taxes. ZIP codes with similar effective rates include 36558 (0.24%) and 36916 (0.24%).

In Magnolia Springs, property taxes represent approximately 1.0% of the median household income of $93,583, providing context for the relative tax burden on homeowners in this area.

Alabama does not limit annual assessment growth; your home will be reassessed to market value at purchase and may increase annually based on local appraisals. Baldwin County's $4,000 Homestead Exemption applies to primary residences—file your application with the Baldwin County Assessor using your deed and proof of occupancy. Contact Baldwin County Assessor immediately after closing to apply for the exemption and verify your assessment includes the correct homestead reduction.