Estillfork, Alabama Property Taxes
The median property tax rate in Estillfork, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Estillfork, the typical annual property tax bill is $347, well below the national median of $2,690. Property taxes in Estillfork are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Estillfork'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 Estillfork or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Estillfork, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$362
Ownwell’s Estillfork Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Estillfork with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Estillfork 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 Jackson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Estillfork, Alabama
Property taxes in Estillfork, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Estillfork is 0.31%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Estillfork set these rates annually, and they can vary significantly across different neighborhoods. Each year, Estillfork 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 Estillfork'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 0.66% in Shelby County, while the lowest median tax rate is 0.16% in Choctaw County. Understanding how these counties compare with Estillfork provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Estillfork Tax Rate
0.30%
Average Jackson County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Estillfork, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35745 | 0.14% | 0.23% | 0.30% | 0.32% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Estillfork, Alabama
In Estillfork, 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 Jackson 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 Estillfork, 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 Estillfork helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $347 in zip code 35745, which is also the lowest median tax bill in the area.
Average Estillfork Assessed Value
$120,650
Average Jackson County Assessed Value
$104,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Estillfork, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35745 | $25,640 | $60,375 | $120,650 | $204,200 | $308,600 |
Source: Ownwell
Property Tax Bills Across Estillfork, Alabama
In Estillfork, property tax bills are calculated based on the assessed value of the home, which is typically a percentage of the market value. For instance, the median home price in Estillfork is $120,650. The local property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's location within Jackson County, improvements made to the property, and any applicable exemptions can influence the assessed value and, consequently, the tax bill. Homeowners in Estillfork can expect their annual property tax bills to vary significantly. At the 25th percentile, tax bills are around $156, while at the 75th percentile, they rise to approximately $547. For those at the 90th percentile, the tax bill can be as high as $808. Comparatively, the highest and lowest median tax bills in the area both stand at $347, reflecting the uniformity in certain parts of the region. These tax bills can impact homeowners' budgets, influencing decisions on property investments and financial planning.
Average Estillfork Tax Bill
$347
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Estillfork, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35745 | $74 | $156 | $347 | $547 | $808 |
Source: Ownwell