Nauvoo, Alabama Property Taxes
The median property tax rate in Nauvoo, Alabama is 0.23%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Nauvoo at $87,150, the typical annual property tax bill is $221, which is well below the national median of $2,690. Property taxes in Nauvoo are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Nauvoo'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 Nauvoo or another part of Walker County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nauvoo, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$200
Ownwell’s Nauvoo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nauvoo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nauvoo 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 Nauvoo, Alabama
Property taxes in Nauvoo, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nauvoo is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Nauvoo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nauvoo 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 Nauvoo'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 0.66%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Nauvoo provides valuable insights into the varying tax landscape across Walker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nauvoo Tax Rate
0.23%
Average Walker County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nauvoo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35578 | 0.14% | 0.19% | 0.23% | 0.42% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Nauvoo, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Nauvoo, 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 Walker 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 Nauvoo, 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 Nauvoo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in this area is $221 in the 35578 zip code, which aligns with the lowest median tax bill, highlighting a uniform tax landscape.
Average Nauvoo Assessed Value
$87,150
Average Walker County Assessed Value
$97,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nauvoo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35578 | $26,110 | $49,175 | $87,150 | $143,275 | $202,690 |
Source: Ownwell
Property Tax Bills Across Nauvoo, Alabama
In Nauvoo, Walker County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Nauvoo typically see property tax bills influenced by factors such as the property's location, size, and condition. The median home price in Nauvoo is $87,150, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $110, while the 75th percentile tax bill reaches $356. At the higher end, the 90th percentile tax bill can be as much as $542. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Nauvoo may find their tax bills relatively manageable. These property tax bills directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses and plan their finances accordingly.
Average Nauvoo Tax Bill
$221
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Nauvoo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35578 | $54 | $110 | $221 | $356 | $542 |
Source: Ownwell