Glenwood, Alabama Property Taxes
The median property tax rate in Glenwood, AL is 0.48%, slightly higher than the state median of 0.47% but considerably lower than the national median of 0.99%. With the median home value in Glenwood at $54,780, the typical annual property tax bill amounts to $275, significantly below the national median of $2,690. Property taxes in Glenwood are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Glenwood's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Glenwood or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glenwood, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$263
Ownwell’s Glenwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenwood to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Glenwood, Alabama
Property taxes in Glenwood, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenwood is 0.48%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Glenwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenwood estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Glenwood's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36034 zip code has both the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with Glenwood provides valuable insights into the varying tax landscape across Crenshaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenwood Tax Rate
0.48%
Average Crenshaw County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenwood, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36034 | 0.25% | 0.35% | 0.48% | 0.86% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Glenwood, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glenwood, Alabama. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Crenshaw County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Glenwood, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Glenwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Glenwood are both $275.00, located in the 36034 zip code.
Average Glenwood Assessed Value
$54,780
Average Crenshaw County Assessed Value
$88,920
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenwood, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36034 | $14,456 | $30,135 | $54,780 | $88,455 | $137,160 |
Source: Ownwell
Property Tax Bills Across Glenwood, Alabama
In Glenwood, property tax bills are calculated based on the assessed value of a property, which is determined by the Crenshaw County tax assessor. The assessed value is a percentage of the property's market value, and this value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $54,780, homeowners can expect varying tax bills, with the 25th percentile paying around $144 and the 75th percentile paying approximately $498. At the 90th percentile, tax bills can reach up to $711. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Glenwood’s property taxes are relatively modest, providing some financial relief to homeowners. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Glenwood Tax Bill
$275
Average Crenshaw County Tax Bill
$341
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenwood, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36034 | $68 | $144 | $275 | $498 | $711 |
Source: Ownwell