Section, Alabama Property Taxes
The median property tax rate in Section, 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 Section, the typical annual property tax bill amounts to $305, which is well below the national median of $2,690. Property taxes in Section are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Section'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 Section or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Section, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$294
Ownwell’s Section Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Section with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Section 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 Section, Alabama
Property taxes in Section, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Section is 0.28%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Section set these rates annually, and they can vary significantly across different neighborhoods. Each year, Section 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 Section'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 significantly higher, while the lowest median tax rate is much lower. Understanding how these cities compare with Section 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 Section Tax Rate
0.28%
Average Jackson County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Section, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35771 | 0.17% | 0.23% | 0.28% | 0.35% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Section, Alabama
In Section, 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 Section, 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. For example, the zip code with the highest median tax bill is 35771, where the median tax bill is $305. 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 Section helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Section Assessed Value
$105,100
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 Section, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35771 | $26,310 | $52,950 | $105,100 | $181,275 | $278,190 |
Source: Ownwell
Property Tax Bills Across Section, Alabama
In the city of Section in Jackson County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $105,100. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $135 and the 75th percentile at $538. The 90th percentile tax bill reaches $855, reflecting higher-valued properties or those with fewer exemptions. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Section's property tax rates can be relatively modest, making it an attractive location for homeowners seeking lower tax burdens. This variability in tax bills means that while some residents may benefit from lower taxes, others with higher-valued properties or fewer exemptions may face higher costs. Understanding these factors can help homeowners better anticipate their annual tax obligations.
Average Section Tax Bill
$305
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Section, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35771 | $67 | $135 | $305 | $538 | $855 |
Source: Ownwell