Orrville, Alabama Property Taxes
The median property tax rate in Orrville, Alabama is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Orrville at $48,950, the typical annual property tax bill is just $186, far below the national median of $2,690. Property taxes in Orrville 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 Orrville'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 Orrville or another part of Dallas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Orrville, 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 Orrville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orrville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orrville 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 Orrville, Alabama
Property taxes in Orrville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orrville is 0.33%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Orrville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orrville 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 Orrville's effective property tax rate to other counties in Alabama and the national median. For comparison, 36104 has the highest median property tax rate of 0.41%, while 35758 has the lowest median tax rate of 0.29%. Understanding how these cities compare with Orrville provides valuable insights into the varying tax landscape across Alabama, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orrville Tax Rate
0.35%
Average Dallas County Tax Rate
0.53%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orrville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36767 | 0.17% | 0.26% | 0.35% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Orrville, Alabama
In Orrville, 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 Dallas 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 Orrville, 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 Orrville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 36767, with a median bill of $186, while the same zip code also has the lowest median tax bill of $186.
Average Orrville Assessed Value
$48,950
Average Dallas County Assessed Value
$65,800
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orrville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36767 | $8,800 | $22,675 | $48,950 | $99,950 | $187,350 |
Source: Ownwell
Property Tax Bills Across Orrville, Alabama
In Orrville, Dallas 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, which is applied to this assessed value, plays a crucial role in determining the final tax bill. For instance, with the median home price in Orrville at $48,950, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $73, while the 75th percentile tax bill reaches approximately $415. At the 90th percentile, tax bills can go up to $761. These figures highlight the range of property tax burdens homeowners might face. Factors such as property location, improvements, and exemptions can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Orrville's property taxes are relatively modest, which can be a financial relief for homeowners. However, understanding these factors is essential for accurate budgeting and financial planning.
Average Orrville Tax Bill
$186
Average Dallas County Tax Bill
$361
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Orrville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36767 | $29 | $73 | $186 | $415 | $761 |
Source: Ownwell