Nauvoo, Alabama Property Taxes
The median property tax rate in Nauvoo, Alabama is 0.26%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Nauvoo at $73,870, the typical annual property tax bill is $220, well below the national median of $2,690. Property taxes in Nauvoo 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. Understanding Nauvoo'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 Nauvoo 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
Nauvoo, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Nauvoo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nauvoo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nauvoo 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 Nauvoo, Alabama
Property taxes in Nauvoo, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nauvoo is 0.26%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Nauvoo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nauvoo 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 Nauvoo's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in Shelby County at 0.43%, while the lowest median tax rate is in Choctaw County at 0.17%. Understanding how these cities compare with Nauvoo provides valuable insights into the varying tax landscape across Winston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nauvoo Tax Rate
0.26%
Average Winston County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nauvoo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35578 | 0.17% | 0.22% | 0.26% | 0.38% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Nauvoo, Alabama
In Nauvoo, 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 Winston 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 Nauvoo, 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. The median home price in Nauvoo is $73,870, with tax bills ranging widely. For instance, the 25th percentile tax bill is $105, while the 75th percentile tax bill is $377, and the 90th percentile tax bill is $555. The highest and lowest median tax bills are both found in the 35578 zip code, standing at $220. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage the tax burden.
Average Nauvoo Assessed Value
$73,870
Average Winston County Assessed Value
$114,100
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nauvoo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35578 | $19,698 | $37,650 | $73,870 | $137,670 | $190,720 |
Source: Ownwell
Property Tax Bills Across Nauvoo, Alabama
In Nauvoo, located in Winston County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Nauvoo is $73,870. Property tax rates in this area are relatively low compared to the national median property tax rate of 0.99%. The tax bill for homeowners in the 25th percentile is around $105, while those in the 75th percentile pay approximately $377. For the top 10% of homeowners, the tax bill can reach up to $555. Several factors influence the property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors helps in budgeting and financial planning. Despite the lower tax rates, property taxes are a crucial aspect of homeownership in Nauvoo, impacting both monthly expenses and long-term financial health.
Average Nauvoo Tax Bill
$220
Average Winston County Tax Bill
$384
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Nauvoo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35578 | $54 | $105 | $220 | $377 | $555 |
Source: Ownwell