Joppa, Alabama Property Taxes
The median property tax rate in Joppa, AL is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $135,750 in Joppa, the typical annual property tax bill amounts to $530, well below the national median of $2,690. Property taxes in Joppa are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Joppa'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 Joppa or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Joppa, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$462
Ownwell’s Joppa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Joppa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Joppa 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 Joppa, Alabama
Property taxes in Joppa, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Joppa is 0.34%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Joppa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Joppa 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 Joppa's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35203 zip code has the highest median property tax rate of 0.68%, while the 35005 zip code has the lowest median tax rate of 0.26%. Understanding how these cities compare with Joppa provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Joppa Tax Rate
0.34%
Average Morgan County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Joppa, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35087 | 0.24% | 0.29% | 0.34% | 0.36% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Joppa, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Joppa, 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 Morgan 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 Joppa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $530 in zip code 35087, while the lowest is also $530 in the same zip code.
Average Joppa Assessed Value
$135,750
Average Morgan County Assessed Value
$149,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Joppa, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35087 | $38,980 | $70,925 | $135,750 | $224,400 | $313,870 |
Source: Ownwell
Property Tax Bills Across Joppa, Alabama
In Joppa, located in Morgan County, Alabama, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The median home price in Joppa is $135,750, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Joppa can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is approximately $287, while at the 75th percentile, it rises to around $826. At the 90th percentile, homeowners could see tax bills as high as $1,096. These variations highlight the importance of understanding how assessed values and applicable rates impact individual tax liabilities. Compared to the national median property tax rate of 0.99%, Joppa's property taxes offer a relatively affordable option for homeowners, reflecting the local market conditions and assessment practices. This can significantly affect homeowners' annual financial planning and overall cost of living.
Average Joppa Tax Bill
$530
Average Morgan County Tax Bill
$697
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Joppa, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35087 | $130 | $287 | $530 | $826 | $1,096 |
Source: Ownwell