Found 5 blog entries tagged as taxes.


Understanding Income Taxes and Property Taxes on the Gulf Coast: Florida vs. Alabama

By Meredith Amon, Licensed in Alabama and Florida
Guided by Integrity. Backed by Experience. Search the Gulf with Meredith Folger Amon.

Alabama and Florida Property Taxes and State Income Taxes Homestead Examptions

When I work with buyers and sellers across the Gulf Coast, one of the most common questions I hear is, “How do taxes work between Florida and Alabama when it comes to real estate?” Because I’m licensed in both states, I’m often helping clients compare property ownership and investment strategies across the state line. While I always advise speaking directly with a CPA or tax attorney for your specific situation, I want to share some key insights I’ve learned over my career.

Primary Residences in Florida vs. Alabama

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How Property Taxes Are Determined in Orange Beach and Ono Island, Alabama

By Meredith Amon, Licensed in Alabama and Florida
"Guided by Integrity. Backed by Experience. Search the Gulf with Meredith Amon."
www.searchthegulf.com

Ono Island Property Taxes Real Estate Orange Beach Alabama


When clients ask me about the long-term costs of owning property in Orange Beach or on Ono Island, one of the most important topics that comes up is property taxes. While Alabama is known for having some of the lowest property tax rates in the country, there are a few key things to understand—especially when buying waterfront, luxury, or investment property.

Let’s take a closer look at how property taxes are determined in Orange Beach and on Ono Island.

How Property Taxes Are Calculated in Alabama

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Understanding Property Taxes on Vacant Land on Ono Island


By Meredith Amon, Licensed in Alabama and Florida
"Guided by Integrity. Backed by Experience. Search the Gulf with Meredith Amon."

When I’m helping clients evaluate the purchase of vacant land on Ono Island, one of the most important conversations we have is about property taxes—how they’re calculated, when they’re due, and what role they play in holding land for future development or investment.

Let’s break it down.

How Are Property Taxes on Vacant Land Calculated?

Baldwin County calculates ad valorem property taxes (Latin for “according to value”) using three key factors:

  1. Assessed Value of the Land
    Vacant land on Ono Island is typically assessed at 10% of its market…

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Mastering Gulf Coast Property Insurance and Taxes: Key Insights on Fortified™ Homes and Roofs You Should Know

Buying or selling a home along the Gulf Coast requires careful consideration of property insurance and taxes. As a real estate expert licensed in both Alabama and Florida, I frequently guide clients through these complex factors, especially in areas like Orange Beach, Gulf Shores, and Perdido Key. While property taxes and insurance costs vary between these regions, other factors like flood zones, building codes, and Fortified Home™ construction standards can have a significant impact on both insurance premiums and overall costs. Here’s an updated guide to understanding these important elements and how they affect property ownership…

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How Are Property Taxes in Orange Beach, Alabama Compared to Gulf Shores, Alabama?

In Orange Beach and Gulf Shores, property taxes can vary slightly, but both towns benefit from Alabama’s overall low tax rates. Alabama has some of the lowest property taxes in the country, around a quarter of the national average, making property ownership more affordable.

In the state of Alabama, property tax is based on three key factors:

  1. Exemptions: Certain properties or homeowners, such as those over the age of 65 or disabled, may qualify for exemptions, reducing the amount of taxes owed.
  2. Millage Rate: This is the amount you pay per $1,000 of assessed property value.
  3. Property Classification: Residential properties are taxed differently than commercial…

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