Peterman, Monroe County, Alabama Property Taxes
Property Taxes in Peterman, Alabama
Median Peterman, Alabama effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, and lower than the Alabama state median of 0.47%.
Median Peterman, Alabama home value: $68,460
Median annual Peterman, Alabama tax bill: $213, $2,187 lower than the national median property tax bill of $2,400.
How are property taxes in Monroe calculated?
Property taxes in Peterman, Alabama are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Peterman's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Peterman, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Peterman, Monroe County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.31%
Estimate Property Tax Bill
$212
$197
How Does the Peterman Property Tax Calculator Work?
Use this Peterman property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Peterman's median effective tax rate of 0.31% — based on actual property records in Monroe County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Peterman's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Peterman: rates range from 0.31% in 36471 to 0.31% in 36471, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Peterman.
About Peterman Property Taxes
About Property Taxes in Peterman, Monroe, Alabama
Peterman's median effective property tax rate of 0.31% is lower than the Alabama state median of 0.47% and lower than the national median of 1.02%. This rate reflects the Monroe County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Peterman. Homeowners in the 36471 ZIP code carry a median effective rate of 0.31%, while those in the same ZIP code pay 0.31%. This spread reflects how school district boundaries and local assessment districts are drawn across Monroe County. Understanding where you live in Peterman can make a meaningful difference to your annual tax bill.
Peterman homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 1, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Peterman, Monroe County, Alabama
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Peterman's effective property tax rate to other cities in Alabama and the median property tax rates in Alabama and the U.S.
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Peterman Tax Rate
0.31%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Monroe County Tax Rate
0.32%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Peterman, Monroe County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36471 | 0.14% | 0.21% | 0.31% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Peterman, Monroe County, Alabama
When examining property taxes in Peterman, Alabama, understanding the distinction between “market value” and “assessed value” is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Monroe County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Monroe County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Peterman.
For example, the median home price in Peterman is $68,460, with tax bills ranging significantly across the county. 36471 has the highest median home price at $68,460.
Property Tax Assessment Values Across Peterman, Monroe County, Alabama
Source: Ownwell
$47,845
$127,943
$208,040
Median Peterman Market Value
$68,460
Median Monroe County Market Value
$93,660
Median Alabama Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Peterman, Monroe County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36471 | $20,542 | $35,980 | $68,460 | $117,520 | $186,390 |
Source: Ownwell
Property Tax Bills Across Peterman, Monroe County, Alabama
Property tax bills in Peterman are based on the assessed value of a home and the local tax rate set for Monroe County. When a property is assessed, the taxable value is used to calculate the bill, so changes in market value can affect what a homeowner owes. With a median home price of $68,460, the amount paid can vary widely depending on the home’s value and any local exemptions or adjustments that apply.
For many homeowners, the tax bill is a meaningful part of the cost of owning a home because it is tied directly to the property’s assessed value rather than the purchase price alone. In Peterman, the median tax bill is $213, which is below the national median property tax bill of $2,400 and far below the national median property tax rate of 1.02%. Bills in the area also vary, with the 25th percentile at $119 and the 75th percentile at $387, showing how different assessments can affect what homeowners pay.
Median Peterman Tax Bill
$213
Median Monroe County Tax Bill
$340
Median Alabama Tax Bill
$813
Median United States Tax Bill
$2,400
Property Tax Bills Across Peterman, Monroe County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36471 | $40 | $119 | $213 | $387 | $668 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Monroe Tax Assessor | |
| Website | monroe.capturecama.com |