Boaz, Alabama Property Taxes
The median property tax rate in Boaz, 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 Boaz at $103,530, the typical annual property tax bill is $340, well below the national median of $2,690. Property taxes in Boaz are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Boaz'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 Boaz 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
Boaz, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$342
Ownwell’s Boaz Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Boaz with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boaz to provide an estimate of 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 DeKalb County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Boaz, Alabama
Property taxes in Boaz, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boaz is 0.33%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Boaz set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boaz 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 Boaz's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35956 zip code has the highest median property tax rate of 0.53%, which is still below the national median. Understanding how these cities compare with Boaz provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boaz Tax Rate
0.33%
Average Dekalb County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boaz, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35956 | 0.27% | 0.30% | 0.53% | 0.69% | 0.71% |
| 35957 | 0.21% | 0.28% | 0.33% | 0.63% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Boaz, Alabama
In Boaz, 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 DeKalb 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 Boaz, 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 example, the median home price in Boaz is $103,530, with tax bills ranging significantly. The 25th percentile tax bill is $169, while the 75th percentile tax bill is $592, and the 90th percentile tax bill is $1010. Notably, the highest median tax bill is $341 in zip code 35956, and the lowest is $339 in zip code 35957. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Boaz Assessed Value
$103,530
Average Dekalb County Assessed Value
$106,260
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boaz, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35956 | $35,430 | $54,855 | $76,380 | $122,115 | $163,430 |
| 35957 | $24,400 | $46,450 | $104,540 | $174,150 | $255,990 |
Source: Ownwell
Property Tax Bills Across Boaz, Alabama
In Boaz, located in DeKalb County, AL, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is typically a percentage of the market value of the property. In this region, the median home price is $103,530. The property tax rate in Boaz is relatively low compared to the national median property tax rate of 0.99%. Tax bills in Boaz can vary significantly. For instance, the 25th percentile tax bill is $169, while the 75th percentile tax bill is $592. At the 90th percentile, homeowners might see tax bills as high as $1,010. The highest median tax bill in the area is $341 in the 35956 zip code, while the lowest median tax bill is slightly lower at $339 in the 35957 zip code. These variations in tax bills can significantly impact homeowners, influencing their annual budgeting and long-term financial planning.
Average Boaz Tax Bill
$340
Average Dekalb County Tax Bill
$412
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Boaz, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35956 | $216 | $269 | $341 | $444 | $549 |
| 35957 | $78 | $166 | $339 | $593 | $1,014 |
Source: Ownwell