Sumiton, Alabama Property Taxes
The median property tax rate in Sumiton, AL is 0.44%, which is significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Sumiton being $106,700, the typical annual property tax bill amounts to $499, well below the national median of $2,690. Property taxes in Sumiton are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Sumiton'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 Sumiton or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sumiton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$469
Ownwell’s Sumiton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sumiton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sumiton 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 Sumiton, Alabama
Property taxes in Sumiton, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sumiton is 0.44%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Sumiton set these rates annually, and they can vary across different neighborhoods. Each year, Sumiton 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 Sumiton's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35148 zip code has the highest median property tax rate of 0.44%, while the same zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Sumiton provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sumiton Tax Rate
0.44%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sumiton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35148 | 0.36% | 0.39% | 0.44% | 0.48% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Sumiton, Alabama
In Sumiton, 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 Jefferson 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 Sumiton, 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 Sumiton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sumiton are both $499, located in the 35148 zip code.
Average Sumiton Assessed Value
$106,700
Average Jefferson County Assessed Value
$150,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sumiton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35148 | $47,600 | $64,400 | $106,700 | $187,500 | $256,400 |
Source: Ownwell
Property Tax Bills Across Sumiton, Alabama
In Sumiton, Jefferson County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Factors such as property size, location, and improvements can influence this valuation. Homeowners in Sumiton experience varying property tax bills, with the 25th percentile at $336 and the 75th percentile at $823, while the 90th percentile reaches $1138. The median home price in Sumiton is $106,700, and the median property tax bill stands at $499, which is significantly below the national median property tax rate of 0.99%. This lower tax burden can be advantageous for homeowners, making property ownership more affordable in Sumiton compared to other regions. However, understanding the local property tax structure is crucial for homeowners to budget effectively and anticipate their annual tax obligations.
Average Sumiton Tax Bill
$499
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Sumiton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35148 | $182 | $336 | $499 | $823 | $1,138 |
Source: Ownwell