Danville, Alabama Property Taxes
The median property tax rate in Danville, AL is 0.85%, which is lower than the national median of 0.99% but significantly higher than the Alabama state median of 0.47%. With a median home value of $75,150 in Danville, the typical annual property tax bill amounts to $639, well below the national median of $2,690. Property taxes in Danville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Danville'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 Danville 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
Danville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$639
Ownwell’s Danville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Danville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Danville 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 Danville, Alabama
Property taxes in Danville, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danville is 0.85%, lower than the U.S. national median of 0.99%. Local government entities within Danville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danville 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 Danville's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35619 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Danville provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Danville Tax Rate
0.85%
Average Chambers County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Danville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35619 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Danville, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Danville, Alabama. 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 Chambers 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 Danville, 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. For instance, Danville's highest median tax bill is $639 in the 35619 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Danville Assessed Value
$75,150
Average Chambers County Assessed Value
$84,510
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Danville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35619 | $75,150 | $75,150 | $75,150 | $75,150 | $75,150 |
Source: Ownwell
Property Tax Bills Across Danville, Alabama
In Danville, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value typically represents a percentage of the property's market value. For homeowners in Danville, the median home price is $75,150. The property tax rate in Chambers County is a key factor in determining the final tax bill. Homeowners in Danville can expect a median property tax bill of $639, which is significantly lower than the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable, but it also means that local services and infrastructure may rely on other funding sources. Factors such as property improvements, neighborhood developments, and changes in market conditions can affect the assessed value and, consequently, the tax bill. Understanding these elements helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Danville Tax Bill
$639
Average Chambers County Tax Bill
$448
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Danville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35619 | $639 | $639 | $639 | $639 | $639 |
Source: Ownwell