Booth, Alabama Property Taxes
The median property tax rate in Booth, AL is 0.25%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Booth, the typical annual property tax bill is $249, well below the national median of $2,690. Property taxes in Booth are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Booth'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 Booth 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
Booth, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$272
Ownwell’s Booth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Booth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Booth 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 Booth, Alabama
Property taxes in Booth, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Booth is 0.25%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Booth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Booth 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 Booth's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Booth provides valuable insights into the varying tax landscape across Autauga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Booth Tax Rate
0.25%
Average Autauga County Tax Rate
0.29%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Booth, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36008 | 0.19% | 0.23% | 0.25% | 0.47% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Booth, Alabama
In Booth, 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 Autauga 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 Booth, 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 median home price in Booth is $108,600, with tax bills ranging from $175 at the 25th percentile to $695 at the 90th percentile. The highest and lowest median tax bills are both $249 in the 36008 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Booth Assessed Value
$108,600
Average Autauga County Assessed Value
$189,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Booth, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36008 | $23,200 | $78,400 | $108,600 | $194,000 | $293,200 |
Source: Ownwell
Property Tax Bills Across Booth, Alabama
In Booth, located in Autauga 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 market value, reflecting the property's worth in the current real estate market. For homeowners in Booth, the median home price is $108,600. Property tax rates in this region are relatively low compared to the national median property tax rate of 0.99%. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. In Booth, the tax bill can vary significantly, with the 25th percentile tax bill at $175, the 75th percentile at $477, and the 90th percentile at $695. The median tax bill remains consistent at $249, indicating a stable tax environment for most homeowners. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, ensuring a well-maintained community.
Average Booth Tax Bill
$249
Average Autauga County Tax Bill
$598
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Booth, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36008 | $121 | $175 | $249 | $477 | $695 |
Source: Ownwell