Hurtsboro, Alabama Property Taxes
The median property tax rate in Hurtsboro, AL is 0.40%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $39,000 in Hurtsboro, the typical annual property tax bill amounts to $169, well below the national median of $2,690. Property taxes in Hurtsboro 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. By understanding Hurtsboro's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Hurtsboro or another part of Macon County, gaining insight into the local property tax system will provide significant benefits.
Last Updated June 14, 2024
Hurtsboro, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$156
Ownwell’s Hurtsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hurtsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hurtsboro 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 Hurtsboro, Alabama
Property taxes in Hurtsboro, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hurtsboro is 0.40%, which is lower than the U.S. national median of 0.99%. Local government entities within Hurtsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hurtsboro 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 Hurtsboro's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36860 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Hurtsboro provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hurtsboro Tax Rate
0.40%
Average Macon County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hurtsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36860 | 0.19% | 0.32% | 0.40% | 0.49% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Hurtsboro, Alabama
In Hurtsboro, 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 Macon 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 Hurtsboro, 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. For instance, the highest and lowest median tax bill in Hurtsboro is $169.00 in the 36860 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hurtsboro Assessed Value
$39,000
Average Macon County Assessed Value
$64,220
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hurtsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36860 | $12,320 | $24,240 | $39,000 | $63,440 | $134,356 |
Source: Ownwell
Property Tax Bills Across Hurtsboro, Alabama
Property tax bills in Hurtsboro, Macon County, AL, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors that influence the tax bill include the property's assessed value, which can be affected by improvements or changes in market conditions, and the local tax rate set by the county. In Hurtsboro, the median home price is $39,000. Homeowners in the lower 25th percentile can expect a tax bill around $99, while those in the 75th percentile may see bills closer to $286. For properties in the 90th percentile, tax bills can reach up to $738. These figures highlight the variation in tax bills based on property values within the city. Compared to the national median property tax rate of 0.99%, Hurtsboro's property tax rates are relatively modest, providing some financial relief to homeowners. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Hurtsboro Tax Bill
$169
Average Macon County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Hurtsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36860 | $58 | $99 | $169 | $286 | $738 |
Source: Ownwell