Smiths Station, Alabama Property Taxes
The median property tax rate in Smiths Station, AL, is 0.60%, which is lower than the national median of 0.99% but higher than the Alabama state median of 0.47%. With a median home value of $149,318 in Smiths Station, the typical annual property tax bill is around $746, significantly below the national median of $2,690. Property taxes in Smiths Station are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Smiths Station'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 Smiths Station 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
Smiths Station, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$896
Ownwell’s Smiths Station Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smiths Station with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smiths Station 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 Smiths Station, Alabama
Property taxes in Smiths Station, Alabama, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Smiths Station is 0.60%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Smiths Station set these rates annually, and they can vary across different neighborhoods. Each year, Smiths Station 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 Smiths Station's effective property tax rate to other areas in Alabama and the national median. For comparison, the zip code 36877 has the same median property tax rate of 0.60%. Understanding how these areas compare with Smiths Station provides valuable insights into the varying tax landscape across Russell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Smiths Station Tax Rate
0.60%
Average Russell County Tax Rate
0.55%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smiths Station, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36877 | 0.41% | 0.48% | 0.60% | 0.72% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Smiths Station, Alabama
In Smiths Station, 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 Russell 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 Smiths Station, 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. For instance, the median home price in Smiths Station is $149,318, with tax bills ranging from $739 at the 25th percentile to $757 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Smiths Station Assessed Value
$149,318
Average Russell County Assessed Value
$115,149
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Smiths Station, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36877 | $100,128 | $118,574 | $149,318 | $180,062 | $198,508 |
Source: Ownwell
Property Tax Bills Across Smiths Station, Alabama
In Smiths Station, located in Russell County, AL, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Smiths Station, the median home price is $149,318. Property tax bills in this area typically range from $739 at the 25th percentile to $757 at the 90th percentile, with the median tax bill being $746. These property tax bills are influenced by factors such as the home's market value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Smiths Station offers relatively affordable property taxes, which can be a significant factor for homeowners when budgeting for annual expenses. Lower property taxes can make homeownership more accessible and sustainable, contributing to the overall appeal of living in Smiths Station.
Average Smiths Station Tax Bill
$746
Average Russell County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Smiths Station, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36877 | $735 | $739 | $746 | $753 | $757 |
Source: Ownwell