Guntersville, Alabama Property Taxes
The median property tax rate in Guntersville, Alabama is 0.18%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Guntersville, the typical annual property tax bill is $100, far below the national median of $2,690. Property taxes in Guntersville 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 Guntersville'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 Guntersville 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
Guntersville, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Guntersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guntersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guntersville 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 Guntersville, Alabama
Property taxes in Guntersville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guntersville is 0.25%, which is higher than the Alabama state median of 0.33% but still significantly lower than the U.S. national median of 0.99%. Local government entities within Guntersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guntersville 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 Guntersville'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 found in Shelby County at 0.43%, while the lowest median tax rate is in Geneva County at 0.16%. Understanding how these cities compare with Guntersville provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Guntersville Tax Rate
0.18%
Average Cullman County Tax Rate
0.25%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guntersville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35976 | 0.14% | 0.15% | 0.18% | 0.19% | 0.20% |
Source: Ownwell
Property Tax Assessment Values Across Guntersville, Alabama
In Guntersville, Alabama, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 county's 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 Guntersville, 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 Guntersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest and lowest tax bills are 35976 with $446 and 35055 with $82, respectively.
Average Guntersville Assessed Value
$55,600
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 Guntersville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35976 | $52,000 | $53,350 | $55,600 | $158,650 | $220,480 |
Source: Ownwell
Property Tax Bills Across Guntersville, Alabama
In Guntersville, located in Cullman County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $55,600, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Several factors influence the final tax amount, including the property's location, any applicable exemptions, and the local tax rate. For the 25th percentile, tax bills are around $82, while those in the 75th percentile see bills closer to $316. At the 90th percentile, tax bills can reach up to $446. These figures highlight the range of property tax burdens in the area, which can significantly impact a homeowner's annual expenses. Compared to the national median property tax rate of 0.99%, Guntersville's property taxes offer a more affordable option for homeowners, making it an attractive location for those looking to manage their annual property costs effectively.
Average Guntersville Tax Bill
$100
Average Cullman County Tax Bill
$503
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Guntersville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35976 | $72 | $82 | $100 | $316 | $446 |
Source: Ownwell