Scottsboro, Alabama Property Taxes
The median property tax rate in Scottsboro, AL is 0.39%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Scottsboro at $172,550, the typical annual property tax bill amounts to $798, which is well below the national median of $2,690. Property taxes in Scottsboro are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Scottsboro'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 Scottsboro 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
Scottsboro, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$673
Ownwell’s Scottsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scottsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scottsboro 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 Scottsboro, Alabama
Property taxes in Scottsboro, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Scottsboro is 0.39%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Scottsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scottsboro 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 Scottsboro's effective property tax rate to other areas in Alabama and the national median. For comparison, the zip code 35768 has the highest median property tax rate of 0.76%, which is still below the national median. Understanding how these areas compare with Scottsboro 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 Scottsboro Tax Rate
0.39%
Average Marshall County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scottsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35768 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
| 35769 | 0.31% | 0.35% | 0.39% | 0.75% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Scottsboro, Alabama
In Scottsboro, 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. In Scottsboro, 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 highest median tax bill in Scottsboro is $6,545 in the 35768 zip code, while the lowest is $796 in the 35769 zip code. 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 Scottsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Scottsboro Assessed Value
$172,550
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 Scottsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35768 | $864,700 | $864,700 | $864,700 | $864,700 | $864,700 |
| 35769 | $36,005 | $92,100 | $172,300 | $332,200 | $594,228 |
Source: Ownwell
Property Tax Bills Across Scottsboro, Alabama
In Scottsboro, Marshall 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, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, market trends, and neighborhood changes can influence the assessed value. Homeowners in Scottsboro experience a range of property tax bills. For instance, the 25th percentile tax bill is around $408, while the 75th percentile reaches $1,614. At the 90th percentile, the tax bill can go as high as $2,901. The highest median tax bill in the area is $6,545 in the 35768 zip code, whereas the lowest is $796 in the 35769 zip code. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Scottsboro benefit from relatively lower property tax rates, making homeownership more affordable in this region.
Average Scottsboro Tax Bill
$798
Average Marshall County Tax Bill
$654
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Scottsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35768 | $6,545 | $6,545 | $6,545 | $6,545 | $6,545 |
| 35769 | $203 | $408 | $796 | $1,611 | $2,894 |
Source: Ownwell