Eutaw, Alabama Property Taxes
The median property tax rate in Eutaw, Alabama is 0.47%, aligning with the state median but significantly lower than the national median of 0.99%. With a median home value of $75,800 in Eutaw, the typical annual property tax bill is $389, which is well below the national median of $2,690. Property taxes in Eutaw are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural land. Gaining a thorough understanding of Eutaw's property tax system, exploring the available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in the central part of Eutaw or elsewhere in the city, being informed about the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Eutaw, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$356
Ownwell’s Eutaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eutaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eutaw 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 Eutaw, Alabama
Property taxes in Eutaw, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eutaw is 0.47%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Eutaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eutaw 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 Eutaw's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35462 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these cities compare with Eutaw provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eutaw Tax Rate
0.47%
Average Greene County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eutaw, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35462 | 0.28% | 0.40% | 0.47% | 0.62% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Eutaw, Alabama
In Eutaw, 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 Greene 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 Eutaw, 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 Eutaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Eutaw are both $389, found in the 35462 zip code.
Average Eutaw Assessed Value
$75,800
Average Greene County Assessed Value
$64,700
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eutaw, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35462 | $20,000 | $39,600 | $75,800 | $131,400 | $221,400 |
Source: Ownwell
Property Tax Bills Across Eutaw, Alabama
In Eutaw, Greene County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in this area is $75,800. Local tax authorities then apply the property tax rate to this assessed value to determine the tax bill. Various factors influence the tax bill, including property location, home size, and any applicable exemptions or deductions. Homeowners in Eutaw can expect their property tax bills to vary significantly. The 25th percentile tax bill is $174, while the 75th percentile tax bill reaches $721. For those in the 90th percentile, the tax bill climbs to $1,148. The highest and lowest median tax bills in the region are both $389, found in the 35462 zip code. Compared to the national median property tax rate of 0.99%, Eutaw’s property tax rates can be quite manageable, offering some financial relief to homeowners.
Average Eutaw Tax Bill
$389
Average Greene County Tax Bill
$290
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Eutaw, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35462 | $86 | $174 | $389 | $721 | $1,148 |
Source: Ownwell