Gordo, Alabama Property Taxes
The median property tax rate in Gordo, AL is 0.22%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Gordo at $99,900, the typical annual property tax bill is $243, well below the national median of $2,690. Property taxes in Gordo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gordo'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 Gordo or another part of Tuscaloosa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gordo, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.22%
Estimate Property Tax Bill
$220
Ownwell’s Gordo Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Gordo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gordo 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 Gordo, Alabama
Property taxes in Gordo, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordo is 0.22%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Gordo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gordo 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 Gordo's effective property tax rate to other counties in Alabama and the national median. For comparison, some areas within Alabama have higher median property tax rates, while others have lower rates. Understanding how these cities compare with Gordo provides valuable insights into the varying tax landscape across Tuscaloosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gordo Tax Rate
0.22%
Average Tuscaloosa County Tax Rate
0.46%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35466 | 0.12% | 0.19% | 0.22% | 0.29% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Gordo, Alabama
In Gordo, 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 Tuscaloosa 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 Gordo, 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 instance, the median home price in Gordo is $99,900, and the median tax bill ranges from $107 at the 25th percentile to $675 at the 90th percentile. 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 Gordo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gordo Assessed Value
$99,900
Average Tuscaloosa County Assessed Value
$160,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gordo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35466 | $40,250 | $59,275 | $99,900 | $153,450 | $243,300 |
Source: Ownwell
Property Tax Bills Across Gordo, Alabama
Property tax bills in Gordo, located in Tuscaloosa 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 tax bill. Factors influencing the tax bill include the property's market value, any exemptions that may apply, and the local tax rate set by the county. For homeowners in Gordo, the median home price is $99,900. The tax bills vary significantly, with the 25th percentile tax bill at $107, the 75th percentile at $453, and the 90th percentile reaching $675. The highest and lowest median tax bills in the area are both $243, found in the zip code 35466. Compared to the national median property tax rate of 0.99%, property taxes in Gordo offer a relatively affordable option for homeowners. Understanding these factors can help homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Gordo Tax Bill
$243
Average Tuscaloosa County Tax Bill
$736
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35466 | $51 | $107 | $243 | $453 | $675 |
Source: Ownwell