Garden City, Alabama Property Taxes
The median property tax rate in Garden City, AL is 0.35%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Garden City, the typical annual property tax bill reaches $300, significantly less than the national median of $2,690. Property taxes in Garden City 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 Garden City'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 Garden City 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
Garden City, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$308
$286
Ownwell’s Garden City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garden City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garden City 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 Garden City, Alabama
Property taxes in Garden City, Alabama, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Garden City is 0.35%, which is significantly lower than the U.S. national median of 0.99%. Local government entities in Garden City set these rates annually, and they can vary considerably across different neighborhoods. Each year, Garden City estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided by the total value of all taxable property within the jurisdiction to determine 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. Comparing Garden City's effective property tax rate to other counties in Alabama and the national median offers valuable insights into the varying tax landscape across Cullman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garden City Tax Rate
0.35%
Average Cullman County Tax Rate
0.25%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garden City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35070 | 0.24% | 0.28% | 0.35% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Garden City, Alabama
In Garden City, 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 Cullman 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 Garden City, 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 Garden City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $88,000, with annual tax bills ranging from $197 at the 25th percentile to $672 at the 90th percentile. The highest and lowest median tax bills are both $300, found in the 35070 zip code.
Average Garden City Assessed Value
$88,000
Average Cullman County Assessed Value
$169,500
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garden City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35070 | $31,500 | $44,275 | $88,000 | $119,800 | $185,200 |
Source: Ownwell
Property Tax Bills Across Garden City, Alabama
In Garden City, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, and for homeowners in Cullman County, this can significantly impact their annual tax bills. For example, with a median home price of $88,000, property tax bills can range widely. Homeowners in the 25th percentile might see a tax bill of around $197, while those in the 75th percentile could face bills up to $482. At the 90th percentile, tax bills can climb to $672. These variations reflect differences in property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Garden City's rates can be more favorable, offering some relief to homeowners. However, the exact amount each homeowner pays depends on the assessed value of their property and the applicable local tax rate. Understanding these factors can help homeowners better anticipate their property tax obligations and budget accordingly.
Average Garden City Tax Bill
$300
Average Cullman County Tax Bill
$503
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Garden City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35070 | $136 | $197 | $300 | $482 | $672 |
Source: Ownwell