Southside, Alabama Property Taxes
The median property tax rate in Southside, AL is 0.39%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $216,200 in Southside, the typical annual property tax bill is about $837, well below the national median of $2,690. Property taxes in Southside are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Southside'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 Southside or another part of Etowah County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Southside, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$843
Ownwell’s Southside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Southside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Southside 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 Southside, Alabama
Property taxes in Southside, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Southside is 0.39%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Southside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Southside 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 Southside's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the area is 0.66%, while the lowest median tax rate is 0.33%. Understanding how these cities compare with Southside provides valuable insights into the varying tax landscape across Etowah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Southside Tax Rate
0.39%
Average Etowah County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Southside, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35907 | 0.38% | 0.39% | 0.39% | 0.50% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Southside, Alabama
In Southside, 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 Etowah 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 Southside, 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 Southside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Southside is $837 in the 35907 zip code, which is significantly below the national median property tax rate of 0.99%.
Average Southside Assessed Value
$216,200
Average Etowah County Assessed Value
$135,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Southside, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35907 | $74,480 | $168,800 | $216,200 | $279,000 | $403,140 |
Source: Ownwell
Property Tax Bills Across Southside, Alabama
Property tax bills in Southside, Etowah County, Alabama, are determined based on the assessed value of a property, which is a percentage of its market value. The median home price in Southside is $216,200, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, location, and market conditions influence the assessed value. Homeowners in Southside experience a range of tax bills, with the 25th percentile at $634 and the 75th percentile at $1,653. The 90th percentile tax bill can reach up to $1,887. Compared to the national median property tax rate of 0.99%, Southside's property tax bills are relatively moderate. The highest and lowest median tax bills in the area are both $837, found in the zip code 35907. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Southside Tax Bill
$837
Average Etowah County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Southside, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35907 | $484 | $634 | $837 | $1,653 | $1,887 |
Source: Ownwell