Gordon, Alabama Property Taxes
The median property tax rate in Gordon, AL is 0.37%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Gordon, the typical annual property tax bill is $274, far below the national median of $2,690. Property taxes in Gordon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gordon'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 Gordon or another part of Houston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gordon, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$255
Ownwell’s Gordon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gordon with just two simple data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Gordon to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities with ease. For those interested in more granular details, neighborhood-level trends are available further down the page. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Gordon, Alabama
Property taxes in Gordon, Alabama, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordon is 0.33%, which is lower than both the Alabama state median of 0.39% and the U.S. national median of 0.99%. Local government entities within Gordon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gordon 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 Gordon's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the state is 0.77%, while the lowest median tax rate is 0.16%. Understanding how these cities compare with Gordon provides valuable insights into the varying tax landscape across Houston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gordon Tax Rate
0.37%
Average Houston County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordon, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36343 | 0.24% | 0.30% | 0.37% | 0.70% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Gordon, Alabama
In Gordon, 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 Houston 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 Gordon, 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. The median home price in Gordon is $68,800, with tax bills ranging from $133 at the 25th percentile to $854 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 36343, with a median tax bill of $274. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gordon Assessed Value
$68,800
Average Houston County Assessed Value
$117,800
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gordon, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36343 | $13,220 | $30,500 | $68,800 | $135,700 | $221,480 |
Source: Ownwell
Property Tax Bills Across Gordon, Alabama
In Gordon, located in Houston County, AL, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's size, location, and condition. For homeowners in Gordon, the median home price is $68,800, resulting in a median tax bill of $274. This figure is notably lower than the national median property tax rate of 0.99%. The tax bills in Gordon can range significantly, with the 25th percentile at $133 and the 75th percentile at $541, while the 90th percentile reaches up to $854. These variations highlight the impact of property characteristics and assessed values on tax obligations. Understanding how these factors contribute to the overall tax bill can help homeowners better anticipate their annual expenses and manage their budgets accordingly.
Average Gordon Tax Bill
$274
Average Houston County Tax Bill
$515
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordon, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36343 | $58 | $133 | $274 | $541 | $854 |
Source: Ownwell