Rockford, Alabama Property Taxes
The median property tax rate in Rockford, AL is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $100,700 in Rockford, the typical annual property tax bill amounts to $309, far below the national median of $2,690. Property taxes in Rockford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Rockford'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 Rockford 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
Rockford, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$272
$252
Ownwell’s Rockford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockford 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 Rockford, Alabama
Property taxes in Rockford, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockford is 0.27%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Rockford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockford 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 Rockford's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Rockford provides valuable insights into the varying tax landscape across Coosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rockford Tax Rate
0.27%
Average Coosa County Tax Rate
0.27%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35136 | 0.18% | 0.23% | 0.27% | 0.34% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Rockford, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rockford, 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 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. Assessment notices in Rockford 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. In Rockford, the median home price is $100,700, with median tax bills ranging from $169 at the 25th percentile to $904 at the 90th percentile. The zip code with the highest median tax bill is 35136, with a value of $309. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rockford Assessed Value
$100,700
Average Coosa County Assessed Value
$86,950
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rockford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35136 | $30,280 | $53,000 | $100,700 | $198,250 | $319,880 |
Source: Ownwell
Property Tax Bills Across Rockford, Alabama
In Rockford, Coosa County, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Rockford is $100,700. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $169 and the 75th percentile tax bill at $538. At the higher end, the 90th percentile tax bill reaches $904. Several factors influence these tax bills, including property location, home value, and local tax rates. These taxes provide essential funding for public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Comparatively, the median property tax rate in Rockford is lower than the national median of 0.99%, making it relatively affordable for homeowners. However, understanding the local tax structure and potential exemptions is crucial for homeowners to manage and potentially reduce their tax liabilities effectively.
Average Rockford Tax Bill
$309
Average Coosa County Tax Bill
$282
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35136 | $95 | $169 | $309 | $538 | $904 |
Source: Ownwell