Higdon, Alabama Property Taxes
The median property tax rate in Higdon, Alabama is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Higdon, the typical annual property tax bill amounts to $348, well below the national median of $2,690. Property taxes in Higdon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Higdon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Higdon or another part of DeKalb County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Higdon, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$332
Ownwell’s Higdon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Higdon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Higdon 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 Higdon, Alabama
Property taxes in Higdon, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Higdon is 0.33%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Higdon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Higdon 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 Higdon's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Higdon provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Higdon Tax Rate
0.33%
Average Dekalb County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Higdon, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35979 | 0.20% | 0.27% | 0.33% | 0.50% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Higdon, Alabama
In Higdon, Alabama, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 DeKalb 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. 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 Higdon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Higdon is $348.00 in the 35979 zip code, while the lowest is also $348.00 in the same zip code.
Average Higdon Assessed Value
$100,700
Average Dekalb County Assessed Value
$106,260
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Higdon, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35979 | $23,500 | $46,460 | $100,700 | $163,090 | $239,864 |
Source: Ownwell
Property Tax Bills Across Higdon, Alabama
In Higdon, located in DeKalb County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Higdon is $100,700. Property tax rates are applied to this assessed value to determine the final tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. For example, the 25th percentile tax bill in Higdon is $141, while the 75th percentile tax bill is $583, and the 90th percentile tax bill can reach up to $933. Homeowners in Higdon benefit from relatively low property taxes compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, allowing residents to allocate more of their budget towards other expenses or investments. However, it's important for homeowners to stay informed about any changes in local tax rates or property assessments that could affect their annual tax bill.
Average Higdon Tax Bill
$348
Average Dekalb County Tax Bill
$412
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Higdon, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35979 | $75 | $141 | $348 | $583 | $933 |
Source: Ownwell