Crossville, Alabama Property Taxes
The median property tax rate in Crossville, Alabama is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $86,700 in Crossville, the typical annual property tax bill amounts to $312, well below the national median of $2,690. Property taxes in Crossville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crossville'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 Crossville or another part of DeKalb County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crossville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$295
Ownwell’s Crossville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crossville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crossville 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 Crossville, Alabama
Property taxes in Crossville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crossville is 0.34%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Crossville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crossville 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 Crossville's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Crossville 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 Crossville Tax Rate
0.34%
Average Dekalb County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crossville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35962 | 0.19% | 0.27% | 0.34% | 0.66% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Crossville, Alabama
In Crossville, 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. 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 Crossville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 35962 has both the highest and lowest median tax bill at $312.
Average Crossville Assessed Value
$86,700
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 Crossville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35962 | $19,740 | $38,700 | $86,700 | $168,160 | $262,635 |
Source: Ownwell
Property Tax Bills Across Crossville, Alabama
In Crossville, located in DeKalb County, AL, property tax bills are determined by assessing the value of a property and applying the local tax rate. The assessed value is a percentage of the market value of the property. Factors such as property size, location, and improvements can influence the assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Crossville, the median home price is $86,700, leading to varying tax bills. At the 25th percentile, the tax bill is approximately $135, while at the 75th percentile, it rises to around $602. The 90th percentile sees tax bills reaching up to $977. These figures are relatively lower compared to the national median property tax rate of 0.99%, offering some financial relief to residents. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively. The highest and lowest median tax bills in the area are both $312, indicating a consistent tax rate within certain zip codes.
Average Crossville Tax Bill
$312
Average Dekalb County Tax Bill
$412
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Crossville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35962 | $57 | $135 | $312 | $602 | $977 |
Source: Ownwell