Alabama Mortgage Calculator
Calculate your monthly payment in Alabama, with property tax included using the state's effective rate of 0.38%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Alabama: the numbers
Alabama has one of the lowest effective property tax rates in the country. At 0.38%, it is 59% below the 0.92% national average, and it ranks 49th out of 50 when states are ordered from highest rate to lowest.
A median-valued home in Alabama is worth $209,900 and carries a median property tax of $788 per year, or roughly $66 per month. By median home value the state ranks 44th out of 50 (1 = highest), and by median annual property tax it ranks 50th.
| Effective property tax rate | 0.38% |
|---|---|
| Median home value | $209,900 |
| Median annual property tax | $788 |
| Rank by rate (1 = highest of 50) | 49 |
| Difference vs 0.92% national average | 0.54 points below (59% below) |
What this means for your monthly payment
Two worked examples for Alabama, using the figures above:
Example 1: the median home
$788 per year ÷ 12 = about $66 per month in property tax (median home value: $209,900).
Example 2: a $300,000 home
$300,000 × 0.38% ÷ 12 = about $95 per month, or $1,140 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Alabama it is about $1,140, which is $1,620 less per year (about $135 less per month).
Compare with similar states
States ranked just above and just below Alabama by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Alabama property tax FAQ
What is the property tax rate in Alabama?
The effective property tax rate in Alabama is 0.38%. That is 59% below the 0.92% national average, and the state ranks 49th out of 50 when states are ordered from highest rate to lowest.
How much is property tax on a $300,000 home in Alabama?
At Alabama's effective rate of 0.38%, property tax on a $300,000 home works out to about $1,140 per year, or about $95 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Alabama is about $1,620 less per year.
How much is property tax on the median home in Alabama?
The median home value in Alabama is $209,900, and the median annual property tax is $788, which is about $66 per month.
Does the property tax rate vary inside Alabama?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.38% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.