Watson, Alabama Property Taxes
The median property tax rate in Watson, AL is 0.50%, slightly higher than the Alabama state median of 0.47% but significantly below the national median of 0.99%. With a median home value of $50,600 in Watson, the typical annual property tax bill is $380, which is far less than the national median of $2,690. Property taxes in Watson are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Watson'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 Watson or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Watson, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$253
Ownwell’s Watson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Watson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Watson 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 Watson, Alabama
Property taxes in Watson, Alabama, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Watson is 0.50%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Watson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Watson 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 Watson's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35181 zip code has the highest median property tax rate of 0.70%, while the 35117 zip code has the lowest median tax rate of 0.50%. Understanding how these cities compare with Watson provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Watson Tax Rate
0.50%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Watson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35117 | 0.45% | 0.47% | 0.50% | 0.75% | 0.90% |
| 35181 | 0.46% | 0.55% | 0.70% | 0.85% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Watson, Alabama
In Watson, 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 Jefferson 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 Watson, 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. For instance, the highest median tax bill in the area is $1,156 in the 35181 zip code, while the lowest is $380 in the 35117 zip code. 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 Watson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Watson Assessed Value
$50,600
Average Jefferson County Assessed Value
$150,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Watson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35117 | $13,920 | $25,700 | $46,400 | $80,250 | $116,440 |
| 35181 | $66,620 | $90,650 | $130,700 | $170,750 | $194,780 |
Source: Ownwell
Property Tax Bills Across Watson, Alabama
In Watson, 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 Watson is $50,600. Once the assessed value is determined, it is multiplied by the local tax rate to calculate the annual tax bill. Various factors influence this calculation, including property location, home size, and any applicable exemptions. Homeowners in Watson can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $201, while the 75th percentile tax bill reaches $465. At the higher end, the 90th percentile tax bill is $1,453. Comparing these figures to the national median property tax rate of 0.99%, Watson's property taxes can be considered relatively low. However, the highest median tax bill in Jefferson County, where Watson is located, is $1,156 in zip code 35181, while the lowest is $380 in zip code 35117. These variations underscore the importance of understanding local property tax assessments and their impact on homeowners.
Average Watson Tax Bill
$380
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Watson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35117 | $98 | $203 | $380 | $422 | $448 |
| 35181 | $392 | $678 | $1,156 | $1,634 | $1,921 |
Source: Ownwell