Daviston, Alabama Property Taxes
The median property tax rate in Daviston, AL is 0.22%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Daviston at $91,870, the typical annual property tax bill is $166, well below the national median of $2,690. Property taxes in Daviston are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Daviston'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 Daviston or another part of Clay County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daviston, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.22%
Estimate Property Tax Bill
$202
Ownwell’s Daviston Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Daviston. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Daviston to provide an accurate estimate of your property tax bill. This helps you gain a clear understanding of your potential tax liabilities. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down. Your property's assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Daviston, Alabama
Property taxes in Daviston, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daviston is 0.22%, which is significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Daviston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daviston 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 Daviston'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 0.16%. Understanding how these cities compare with Daviston provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daviston Tax Rate
0.22%
Average Clay County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daviston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36256 | 0.17% | 0.20% | 0.22% | 0.28% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Daviston, Alabama
In Daviston, 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 local 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 Daviston, 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 Daviston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 36256 has both the highest and lowest median tax bills at $166, highlighting the uniformity in property tax assessments within the area. The median home price stands at $91,870, which is significantly lower than the national average, making it crucial for homeowners to stay informed and proactive about their property taxes.
Average Daviston Assessed Value
$91,870
Average Clay County Assessed Value
$72,990
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daviston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36256 | $26,997 | $39,570 | $91,870 | $161,968 | $192,797 |
Source: Ownwell
Property Tax Bills Across Daviston, Alabama
In Daviston, located in Clay County, AL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Daviston, several factors influence the tax bill, including the median home price of $91,870 and the county's tax rate. The median property tax bill in Clay County is $166, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $101, while those in the 75th percentile pay approximately $312. At the higher end, the 90th percentile tax bill reaches $637. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Lower tax bills can be beneficial for homeowners, making Daviston an attractive place for property investment.
Average Daviston Tax Bill
$166
Average Clay County Tax Bill
$201
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Daviston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36256 | $59 | $101 | $166 | $312 | $637 |
Source: Ownwell