Sylacauga, Alabama Property Taxes
The median property tax rate in Sylacauga, AL is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Sylacauga at $95,700, the typical annual property tax bill is $297, well below the national median of $2,690. Property taxes in Sylacauga are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sylacauga'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 Sylacauga or another part of Coosa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sylacauga, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$258
Ownwell’s Sylacauga Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Sylacauga. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Sylacauga to provide an accurate property tax bill estimate. This valuable resource helps you understand your potential tax liabilities, making financial planning easier. For those interested in more detailed insights, scrolling down will reveal trends and localized information at the neighborhood level. Your property’s assessed value, determined by Coosa County, is used for these calculations and takes into account any applicable exemptions, ensuring you get the most accurate estimate possible.
Property Tax Rates Across Sylacauga, Alabama
Property taxes in Sylacauga, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sylacauga is 0.27%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Sylacauga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sylacauga 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. Understanding how Sylacauga's effective property tax rate compares to the national median provides valuable insights into the varying tax landscape across Coosa County, helping homeowners gain a clearer picture of their property tax obligations relative to other areas.
Average Sylacauga 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 Sylacauga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35150 | 0.20% | 0.24% | 0.29% | 0.55% | 0.63% |
| 35151 | 0.20% | 0.24% | 0.26% | 0.36% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Sylacauga, Alabama
In Sylacauga, 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 Coosa 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. 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. In Sylacauga, the median home price is $95,700, with tax bills ranging from $176 at the 25th percentile to $668 at the 90th percentile. The highest median tax bill is $298 in zip code 35151, while the lowest is $289 in zip code 35150. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage the tax burden.
Average Sylacauga Assessed Value
$95,700
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 Sylacauga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35150 | $23,200 | $48,075 | $91,150 | $175,700 | $313,350 |
| 35151 | $33,400 | $55,600 | $96,500 | $154,100 | $231,300 |
Source: Ownwell
Property Tax Bills Across Sylacauga, Alabama
In Sylacauga, located in Coosa County, AL, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is a percentage of the market value of your property. For instance, the median home price in Sylacauga is $95,700. Property taxes are then applied to this assessed value using the local tax rate. Several factors influence your tax bill, including the property's location, size, and any applicable exemptions. In Sylacauga, tax bills can vary significantly. For example, the 25th percentile tax bill is $176, while the 75th percentile is $441, and the 90th percentile reaches $668. The highest median tax bill in the region is $298 in the 35151 zip code, compared to the lowest median tax bill of $289 in the 35150 zip code. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners and the community's overall quality of life.
Average Sylacauga Tax Bill
$297
Average Coosa County Tax Bill
$282
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Sylacauga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35150 | $99 | $168 | $289 | $452 | $1,003 |
| 35151 | $96 | $177 | $298 | $439 | $659 |
Source: Ownwell