Safford, Alabama Property Taxes
The median property tax rate in Safford, AL is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Safford being $77,700, the typical annual property tax bill amounts to $313, which is well below the national median of $2,690. Property taxes in Safford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Safford'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 Safford 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
Safford, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$256
Ownwell’s Safford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Safford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Safford 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 Safford, Alabama
Property taxes in Safford, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Safford is 0.31%, which is significantly lower than both the Alabama state median of 0.39% and the U.S. national median of 0.99%. Local government entities within Safford set these rates annually, and they can vary across different neighborhoods. Each year, Safford 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 Safford's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the region is 0.51%, while the lowest median tax rate is 0.31%. Understanding how these cities compare with Safford provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Safford Tax Rate
0.33%
Average Dallas County Tax Rate
0.53%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Safford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36773 | 0.16% | 0.26% | 0.33% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Safford, Alabama
In Safford, 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 Dallas 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 Safford, 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 Safford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 36773 has the highest and lowest median tax bill at $313. By staying informed, homeowners can make more strategic decisions regarding their property taxes.
Average Safford Assessed Value
$77,700
Average Dallas County Assessed Value
$65,800
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Safford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36773 | $10,500 | $24,200 | $77,700 | $175,600 | $356,200 |
Source: Ownwell
Property Tax Bills Across Safford, Alabama
In Safford, Dallas County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Safford is $77,700. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill at $86, the 75th percentile at $584, and the 90th percentile reaching $1,110. These variations are influenced by factors such as property location, size, and any applicable exemptions or abatements. Compared to the national median property tax rate of 0.99%, Safford's property tax rates can present a lower financial burden for some homeowners. However, the highest median tax bill in the area is $313, which can still impact household budgets. Understanding these factors can help homeowners anticipate their annual tax responsibilities and plan accordingly.
Average Safford Tax Bill
$313
Average Dallas County Tax Bill
$361
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Safford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36773 | $36 | $86 | $313 | $584 | $1,110 |
Source: Ownwell