Valley Grande, Alabama Property Taxes
The median property tax rate in Valley Grande, AL is 0.48%, slightly above the Alabama state median of 0.47% but well below the national median of 0.99%. With a median home value of $47,110 in Valley Grande, the typical annual property tax bill comes to $320, significantly lower than the national median of $2,690. Property taxes in Valley Grande are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Valley Grande'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 Valley Grande 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
Valley Grande, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$226
Ownwell’s Valley Grande Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Valley Grande with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valley Grande to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Valley Grande, Alabama
Property taxes in Valley Grande, Alabama, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley Grande is 0.48%, lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Valley Grande set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley Grande 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 Valley Grande's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36703 has the highest median property tax rate of 0.53%, while the zip code 36701 has the lowest median tax rate of 0.47%. Understanding how these cities compare with Valley Grande provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valley Grande Tax Rate
0.48%
Average Perry County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley Grande, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36701 | 0.32% | 0.45% | 0.47% | 0.94% | 0.94% |
| 36703 | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Valley Grande, Alabama
In Valley Grande, 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 Perry 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 Valley Grande, 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 $324 in zip code 36701, while the lowest median tax bill is $314 in zip code 36703. 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 Valley Grande helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Valley Grande Assessed Value
$47,110
Average Perry County Assessed Value
$74,720
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valley Grande, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36701 | $20,329 | $26,810 | $34,540 | $154,620 | $253,007 |
| 36703 | $69,065 | $83,922 | $108,685 | $133,448 | $148,305 |
Source: Ownwell
Property Tax Bills Across Valley Grande, Alabama
In Valley Grande, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Various factors, including property size, location, and improvements, can influence the assessed value. For homeowners in Valley Grande, the median home price is $47,110, with property tax bills ranging significantly. The 25th percentile tax bill is $175, while the 75th percentile reaches $408, and the 90th percentile can be as high as $1,091. Comparatively, the highest median tax bill in the region is $324 in the 36701 zip code, and the lowest median tax bill is $314 in the 36703 zip code. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Valley Grande residents.
Average Valley Grande Tax Bill
$320
Average Perry County Tax Bill
$333
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley Grande, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36701 | $118 | $162 | $324 | $437 | $1,124 |
| 36703 | $314 | $314 | $314 | $314 | $314 |
Source: Ownwell