Spring Garden, Alabama Property Taxes
The median property tax rate in Spring Garden, AL is 0.24%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $97,700 in Spring Garden, the typical annual property tax bill is around $768, well below the national median of $2,690. Property taxes in Spring Garden are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Spring Garden'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 Spring Garden or another part of Cherokee County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Spring Garden, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$234
$218
Ownwell’s Spring Garden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spring Garden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spring Garden 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 Spring Garden, Alabama
Property taxes in Spring Garden, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Garden is 0.33%, significantly lower than both the Alabama state median of 0.42% and the U.S. national median of 0.99%. Local government entities within Spring Garden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring Garden 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 Spring Garden's effective property tax rate to other counties in Alabama and the national median. For comparison, ZIP code 35203 has the highest median property tax rate of 0.66%, while ZIP code 35242 has the lowest median tax rate of 0.33%. Understanding how these cities compare with Spring Garden provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spring Garden Tax Rate
0.24%
Average Cherokee County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Garden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36275 | 0.11% | 0.16% | 0.24% | 0.32% | 0.37% |
Source: Ownwell
Property Tax Assessment Values Across Spring Garden, Alabama
In Spring Garden, 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 Cherokee 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 Spring Garden, 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 Spring Garden is $97,700, with tax bills ranging from $415 at the 25th percentile to $1,121 at the 75th percentile. The highest and lowest median tax bill in the area is $768, found in the 36275 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 Spring Garden Assessed Value
$97,700
Average Cherokee County Assessed Value
$121,000
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spring Garden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36275 | $84,100 | $89,200 | $97,700 | $230,166 | $309,645 |
Source: Ownwell
Property Tax Bills Across Spring Garden, Alabama
In Spring Garden, located in Cherokee 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 Spring Garden is $97,700. Homeowners can expect their property tax bill to vary significantly. For instance, the tax bill at the 25th percentile is $415, while at the 75th percentile, it rises to $1,121, and at the 90th percentile, it reaches $1,333. These variations are influenced by factors such as property location, size, and any applicable exemptions or deductions. The highest median tax bill in the area is $768, which is consistent across zip code 36275. Compared to the national median property tax rate of 0.99%, Spring Garden's property taxes can be seen as relatively moderate. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Spring Garden Tax Bill
$768
Average Cherokee County Tax Bill
$617
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Garden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36275 | $203 | $415 | $768 | $1,121 | $1,333 |
Source: Ownwell