Goshen, Alabama Property Taxes
The median property tax rate in Goshen, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Goshen at $77,570, the typical annual property tax bill is $249, well below the national median of $2,690. Property taxes in Goshen 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 Goshen'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 Goshen 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
Goshen, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$233
Ownwell’s Goshen Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goshen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goshen to provide an estimate of your property tax bill. This valuable 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 Goshen, Alabama
Property taxes in Goshen, Alabama, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Goshen is 0.30%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Goshen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goshen 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 Goshen's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in zip code 35203 at 0.66%, while the lowest median tax rate is in zip code 36749 at 0.16%. Understanding how these cities compare with Goshen provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goshen Tax Rate
0.30%
Average Pike County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goshen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36035 | 0.16% | 0.23% | 0.30% | 0.35% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Goshen, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Goshen, 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 Pike 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 Goshen, 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 Goshen is $249 in the 36035 zip code, while the lowest is also $249 in the same 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 Goshen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Goshen Assessed Value
$77,570
Average Pike County Assessed Value
$106,920
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goshen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36035 | $26,000 | $43,820 | $77,570 | $134,105 | $235,236 |
Source: Ownwell
Property Tax Bills Across Goshen, Alabama
Property tax bills in Goshen, Pike County, AL, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. In Goshen, the median home price is $77,570, and the tax bill can vary significantly. For instance, homeowners at the 25th percentile pay around $123, while those at the 75th percentile face bills closer to $444. At the 90th percentile, the tax bill can reach up to $813. These tax bills impact homeowners by influencing their overall housing costs. Lower property taxes can make homeownership more affordable, whereas higher taxes can add a significant burden. Compared to the national median property tax rate of 0.99%, Goshen's property tax rates can be seen as relatively moderate, offering some relief to property owners. Understanding these factors can help homeowners better manage their finances and plan for future expenses.
Average Goshen Tax Bill
$249
Average Pike County Tax Bill
$420
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Goshen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36035 | $65 | $123 | $249 | $444 | $813 |
Source: Ownwell