Propertt for sale rainbow island mn10/23/2023 ![]() ![]() So, for example, a home with an appraised value of $200,000 would have an assessed value of $20,000 (10% of $200,000). Taxes are based on property’s value, although actual millage rates apply to “assessed” value, which varies depending on the primary use of the property.įor residential property, the assessed value is 10% of the appraised, or market, value. ![]() 1 of each year and any taxes unpaid as of Dec. How Alabama Property Taxes Work Photo credit: ©/mj0007Īlabama property taxes are due on Oct.
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