Hurtsboro, Alabama Property Taxes
The median property tax rate in Hurtsboro, AL is 0.62%, which is lower than the national median of 0.99% but higher than the Alabama state median of 0.47%. With a median home value of $37,540 in Hurtsboro, the typical annual property tax bill is $192, significantly below the national median of $2,690. Property taxes in Hurtsboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hurtsboro'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 Hurtsboro or another part of Bullock County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hurtsboro, 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 Hurtsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hurtsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hurtsboro 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 Hurtsboro, Alabama
Property taxes in Hurtsboro, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hurtsboro is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Hurtsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hurtsboro 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 Hurtsboro's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36860 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Hurtsboro provides valuable insights into the varying tax landscape across Bullock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hurtsboro Tax Rate
0.62%
Average Bullock County Tax Rate
0.49%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hurtsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36860 | 0.32% | 0.41% | 0.62% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Hurtsboro, Alabama
In Hurtsboro, 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 Bullock 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 Hurtsboro, 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 Hurtsboro is $37,540, with tax bills ranging from $86 at the 25th percentile to $960 at the 90th percentile. Notably, the zip code with both the highest and lowest median tax bill is 36860, with a median tax bill of $192. 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 Hurtsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hurtsboro Assessed Value
$37,540
Average Bullock County Assessed Value
$52,910
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hurtsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36860 | $5,500 | $21,590 | $37,540 | $78,255 | $212,006 |
Source: Ownwell
Property Tax Bills Across Hurtsboro, Alabama
In Hurtsboro, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the Bullock County tax assessor and is a percentage of the home's market value. For instance, with a median home price of $37,540, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $86, while those in the 75th percentile face bills of about $443. The top 10% of tax bills can reach up to $960. These tax amounts are influenced by several factors, including the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Hurtsboro's rates are relatively modest. However, even small differences in assessed values can lead to noticeable variations in tax bills, impacting homeowners' annual budgets. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Hurtsboro Tax Bill
$192
Average Bullock County Tax Bill
$289
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Hurtsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36860 | $42 | $86 | $192 | $443 | $960 |
Source: Ownwell