Roanoke, Alabama Property Taxes
The median property tax rate in Roanoke, Alabama is 0.39%, notably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $92,380 in Roanoke, the typical annual property tax bill is $437, which is significantly less than the national median of $2,690. Property taxes in Roanoke 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 Roanoke'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 Roanoke or another part of Chambers County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roanoke, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$360
$334
Ownwell’s Roanoke Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roanoke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roanoke 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 Roanoke, Alabama
Property taxes in Roanoke, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roanoke is 0.25%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Roanoke set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roanoke 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 Roanoke'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 0.66%, while the lowest median tax rate is 0.14%. Understanding how these cities compare with Roanoke provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roanoke Tax Rate
0.39%
Average Chambers County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roanoke, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36274 | 0.18% | 0.28% | 0.39% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Roanoke, Alabama
In Roanoke, 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 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 Roanoke, 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 Roanoke helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Roanoke is $92,380, with tax bills ranging from $200 at the 25th percentile to $1,244 at the 90th percentile. The highest and lowest median tax bill, both $437, are found in the 36274 zip code.
Average Roanoke Assessed Value
$92,380
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 Roanoke, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36274 | $25,238 | $51,415 | $92,380 | $181,648 | $354,342 |
Source: Ownwell
Property Tax Bills Across Roanoke, Alabama
In Roanoke, located in Chambers 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 Roanoke is $92,380. Homeowners can expect their tax bills to vary significantly, with the 25th percentile paying around $200 and the 75th percentile facing bills up to $735. The highest median tax bill in the area is $437, a figure that also represents the lowest median tax bill, indicating a consistent tax rate across different properties. Several factors influence the final tax bill, including the home's assessed value, property classification, and any applicable exemptions. This affects homeowners by determining their annual financial obligation to support local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Roanoke's property tax rates are relatively moderate, providing some financial relief to homeowners in the area.
Average Roanoke Tax Bill
$437
Average Chambers County Tax Bill
$448
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Roanoke, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36274 | $79 | $200 | $437 | $735 | $1,244 |
Source: Ownwell