Allgood, Alabama Property Taxes
The median property tax rate in Allgood, Alabama is 0.55%, slightly above the state median of 0.47% but below the national median of 0.99%. With a median home value of $439,420 in Allgood, the typical annual property tax bill reaches $2,406, which is less than the national median of $2,690. Property taxes in Allgood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Allgood'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 Allgood 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
Allgood, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,417
$2,243
Ownwell’s Allgood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allgood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Allgood 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 Allgood, Alabama
Property taxes in Allgood, Alabama, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Allgood is 0.55%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Allgood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Allgood 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 Allgood's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35013 has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Allgood provides valuable insights into the varying tax landscape across Blount County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allgood Tax Rate
0.55%
Average Blount County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allgood, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35013 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Allgood, Alabama
In Allgood, Alabama, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Blount 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 Allgood, 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 Allgood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,406, found in zip code 35013.
Average Allgood Assessed Value
$439,420
Average Blount County Assessed Value
$145,590
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allgood, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35013 | $439,420 | $439,420 | $439,420 | $439,420 | $439,420 |
Source: Ownwell
Property Tax Bills Across Allgood, Alabama
In Allgood, Blount County, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine your annual property tax bill. Several factors influence the assessed value, including the home's size, location, and condition, as well as recent sales of comparable properties in the area. For homeowners in Allgood, the median home price stands at $439,420. Property tax bills typically range around $2,406, which is notably higher than the national median property tax rate of 0.99%. This can significantly impact homeowners, especially when budgeting for annual expenses. Understanding how these taxes are calculated can help residents plan better and explore potential avenues for tax appeals or exemptions. The consistent tax bill across various percentiles suggests a uniform approach in assessment within the region, providing a predictable framework for homeowners.
Average Allgood Tax Bill
$2,406
Average Blount County Tax Bill
$483
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Allgood, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35013 | $2,406 | $2,406 | $2,406 | $2,406 | $2,406 |
Source: Ownwell