Huxford, Alabama Property Taxes
The median property tax rate in Huxford, Alabama is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Huxford at $263,775, the typical annual property tax bill is $561, well below the national median of $2,690. Property taxes in Huxford are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Huxford'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 Huxford or another part of Escambia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Huxford, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$739
Ownwell’s Huxford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huxford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huxford 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 Huxford, Alabama
Property taxes in Huxford, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huxford is 0.28%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Huxford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huxford 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 Huxford'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 found in zip code 35203 with a rate of 0.66%, while the lowest median tax rate is in zip code 36502 at 0.22%. Understanding how these cities compare with Huxford provides valuable insights into the varying tax landscape across Escambia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huxford Tax Rate
0.28%
Average Escambia County Tax Rate
0.44%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huxford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36543 | 0.17% | 0.20% | 0.28% | 0.31% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Huxford, Alabama
In Huxford, 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 Escambia 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 Huxford, 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 Huxford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Huxford is $263,775, with the highest median tax bill being $561 in zip code 36543.
Average Huxford Assessed Value
$263,775
Average Escambia County Assessed Value
$97,250
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huxford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36543 | $108,508 | $167,162 | $263,775 | $322,880 | $351,599 |
Source: Ownwell
Property Tax Bills Across Huxford, Alabama
Property tax bills in Huxford, Escambia County, AL, are determined by evaluating the assessed value of a property and applying the local tax rate. The assessed value is typically a percentage of the market value of the home. With a median home price of $263,775 in Huxford, homeowners can expect their property tax bills to vary significantly based on specific property characteristics and exemptions. In Huxford, the tax bill at the 25th percentile is $477, while at the 75th percentile, it rises to $801. For those at the 90th percentile, the tax bill can reach up to $982. These figures illustrate the range of property tax burdens homeowners may face, influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Huxford's property taxes are relatively low, offering some financial relief to homeowners. Understanding these factors helps residents anticipate and manage their property tax obligations more effectively.
Average Huxford Tax Bill
$561
Average Escambia County Tax Bill
$424
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Huxford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36543 | $359 | $477 | $561 | $801 | $982 |
Source: Ownwell