Iuka, Colbert County, Alabama Property Taxes

Name: Property Tax Bills Across Iuka, Colbert County, Alabama
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Iuka, AL effective property tax rate: 0.25%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Iuka, AL home value: $453,418
Median annual Iuka, AL tax bill: $902, $1,498 lower than the national median property tax bill of $2,400.

How are property taxes in Colbert County calculated?

Property taxes in Iuka, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Iuka’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Iuka, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Iuka, Colbert County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.25%

Estimate Property Tax Bill

$1,134

$1,052

Ownwell’s Iuka Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Iuka with just two data points. By entering your property's estimated assessed value, our calculator applies Iuka’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Colbert. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Iuka, Colbert County, Alabama

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Iuka’s effective property tax rate to other cities in Alabama and the median property tax rates in Alabama and the U.S.

Iuka, located in Colbert County, has an effective property tax rate that is significantly lower than the national median property tax rate of 1.02%. This makes Iuka an attractive location for homeowners looking to minimize their property tax expenses. Compared to other cities in Alabama, Iuka offers one of the most favorable tax environments. The state's median property tax rate is also lower than the national average, further highlighting the advantages of owning property in this region. This favorable tax climate can lead to substantial savings for property owners, making Iuka a compelling choice for those considering relocation or investment in real estate.

Property Tax Rates Across Iuka, Colbert County, Alabama

Source: Ownwell

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Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Iuka Taxx Rate

0.25%

Median Effective Colbert County Taxx Rate

0.43%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Iuka, Colbert County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38852	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Iuka, Colbert County, Alabama

When examining property taxes in Iuka, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Colbert County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Colbert County assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Iuka. For example, the median home price in Iuka is $453,418, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Iuka, Colbert County, Alabama

Source: Ownwell

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Median Iuka Market Value

$453,418

Median Colbert County Market Value

$124,470

Median Alabama Market Value

$149,600

Median United States Market Value

$244,900

Property Tax Assessment Values Across Iuka, Colbert County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38852	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Iuka, Colbert County, Alabama

In Iuka, Colbert County, AL, property tax bills are determined by assessing the property's value. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. Homeowners in Iuka face varying tax bills, with the 25th percentile at $678, the 75th percentile at $1,049, and the 90th percentile reaching $1,513. These figures are generally lower than the national median property tax bill of $2,400, making Iuka an attractive place for homeowners seeking lower property taxes.

Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners can benefit from understanding these factors to ensure they are not overpaying. Ownwell offers assistance by reviewing property assessments and identifying potential savings through appeals or exemptions. By leveraging expert knowledge, Ownwell helps homeowners in Iuka reduce their property tax bills, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Iuka, Colbert County, Alabama

Source: Ownwell

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$NaN

-$∞

Median Iuka Tax Bill

$902

Median Colbert County Tax Bill

$497

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,690

Property Tax Bills Across Iuka, Colbert County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38852	N/A	N/A	N/A	N/A	N/A

Source: Ownwell