Joppa, Alabama Property Taxes
The median property tax rate in Joppa, Alabama is 0.23%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Joppa at $130,600, the typical annual property tax bill amounts to $343, well below the national median of $2,690. Property taxes in Joppa are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Joppa'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 Joppa or another part of Cullman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Joppa, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$300
Ownwell’s Joppa Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Joppa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Joppa 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 Joppa, Alabama
Property taxes in Joppa, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Joppa is 0.23%, which is significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Joppa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Joppa 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 Joppa's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35203 zip code has the highest median property tax rate of 0.41%, while the 35242 zip code has the lowest median tax rate of 0.28%. Understanding how these cities compare with Joppa provides 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 Joppa Tax Rate
0.23%
Average Cullman County Tax Rate
0.25%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Joppa, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35087 | 0.14% | 0.19% | 0.23% | 0.26% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Joppa, Alabama
In Joppa, 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 Joppa, 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. The median home price in Joppa is $130,600, with the 25th percentile tax bill at $193 and the 75th percentile tax bill at $531. The highest and lowest median tax bills are both $343 in the zip code 35087. Being aware of these valuation processes in Joppa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Joppa Assessed Value
$130,600
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 Joppa, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35087 | $39,400 | $72,550 | $130,600 | $203,675 | $326,230 |
Source: Ownwell
Property Tax Bills Across Joppa, Alabama
In Joppa, 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 assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, home size, and improvements can influence the assessed value. For example, the median home price in Joppa is $130,600. Homeowners in the 25th percentile can expect a tax bill around $193, while those in the 75th percentile might see a bill of approximately $531. The highest median tax bill in the area is $343, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund local services like schools, public safety, and infrastructure, directly impacting the community. For homeowners, understanding these factors and how they influence their tax bill is crucial for financial planning and property management.
Average Joppa Tax Bill
$343
Average Cullman County Tax Bill
$503
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Joppa, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35087 | $97 | $193 | $343 | $531 | $773 |
Source: Ownwell