Albertville, Alabama Property Taxes
The median property tax rate in Albertville, 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 a median home value of $114,600 in Albertville, the typical annual property tax bill is around $570, far below the national median of $2,690. Property taxes in Albertville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Albertville'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 Albertville or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Albertville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$504
Ownwell’s Albertville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Albertville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Albertville 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 Albertville, Alabama
Property taxes in Albertville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Albertville is 0.44%, which is lower than the U.S. national median of 0.99%. Local government entities within Albertville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Albertville 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 Albertville's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35950 zip code has the highest median property tax rate of 0.44%, while the 35951 zip code has the lowest median tax rate of 0.44%. Understanding how these cities compare with Albertville provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Albertville Tax Rate
0.44%
Average Marshall County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Albertville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35950 | 0.34% | 0.40% | 0.44% | 0.93% | 0.93% |
| 35951 | 0.30% | 0.35% | 0.44% | 0.75% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Albertville, Alabama
In Albertville, 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 Marshall 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. 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 Albertville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Albertville is $586 in the 35950 zip code, while the lowest is $535 in the 35951 zip code.
Average Albertville Assessed Value
$114,600
Average Marshall County Assessed Value
$133,700
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Albertville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35950 | $41,100 | $75,800 | $116,300 | $169,925 | $242,470 |
| 35951 | $28,840 | $66,800 | $110,500 | $185,750 | $276,200 |
Source: Ownwell
Property Tax Bills Across Albertville, Alabama
In Albertville, Marshall County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and the local tax rate is then applied to this assessed value to determine the tax bill. For instance, with a median home price of $114,600, property taxes can vary widely. The 25th percentile tax bill is around $364, while the 75th percentile tax bill reaches $900, and the 90th percentile can go up to $1,352. Factors such as the home's location within specific zip codes can influence the tax bill. For example, the highest median tax bill in Albertville is $586 in zip code 35950, whereas the lowest is $535 in zip code 35951. These property tax rates are relatively lower compared to the national median property tax rate of 0.99%, providing some financial relief to homeowners in Albertville.
Average Albertville Tax Bill
$570
Average Marshall County Tax Bill
$654
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Albertville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35950 | $230 | $394 | $586 | $908 | $1,322 |
| 35951 | $114 | $305 | $535 | $881 | $1,383 |
Source: Ownwell