Selma, Alabama Property Taxes
The median property tax rate in Selma, AL is 0.58%, higher than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Selma at $61,500, the typical annual property tax bill reaches $388, well below the national median of $2,690. Property taxes in Selma 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 Selma'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 Selma 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
Selma, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$357
$331
Ownwell’s Selma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Selma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Selma 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 Selma, Alabama
Property taxes in Selma, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Selma is 0.33%, lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Selma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Selma 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 Selma's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36703 zip code has the highest median property tax rate of 0.42%, while the 36701 zip code has the lowest median tax rate of 0.31%. Understanding how these areas compare with Selma provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Selma Tax Rate
0.58%
Average Dallas County Tax Rate
0.53%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Selma, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36701 | 0.26% | 0.48% | 0.56% | 1.15% | 1.15% |
| 36702 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| 36703 | 0.22% | 0.35% | 0.68% | 1.15% | 1.15% |
| 36749 | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% |
| 36759 | 0.13% | 0.21% | 0.34% | 0.62% | 0.68% |
| 36767 | 0.28% | 0.34% | 0.34% | 0.68% | 0.68% |
| 36775 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| 36785 | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% |
Source: Ownwell
Property Tax Assessment Values Across Selma, Alabama
In Selma, 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. 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 Selma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Selma, the highest median tax bill is $473 in the 36701 zip code, while the lowest median tax bill is $184 in the 36759 zip code.
Average Selma Assessed Value
$61,500
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 Selma, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36701 | $23,000 | $46,800 | $74,600 | $111,500 | $180,940 |
| 36702 | $9,280 | $9,850 | $10,800 | $11,750 | $12,320 |
| 36703 | $12,200 | $22,600 | $40,100 | $64,900 | $109,250 |
| 36749 | $184,800 | $184,800 | $184,800 | $184,800 | $184,800 |
| 36759 | $12,540 | $26,175 | $66,950 | $162,350 | $456,580 |
| 36767 | $5,650 | $8,825 | $18,850 | $45,975 | $80,150 |
| 36775 | $34,200 | $34,200 | $34,200 | $34,200 | $34,200 |
| 36785 | $156,200 | $156,200 | $156,200 | $156,200 | $156,200 |
Source: Ownwell
Property Tax Bills Across Selma, Alabama
In Selma, located in Dallas County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the home's market value, which is determined by local tax assessors. For instance, if a home has a market value of $61,500, the assessed value will be a fraction of this amount, typically set by state law. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. In Selma, the median property tax bill is $473, with the lowest median tax bill recorded at $184 in zip code 36759 and the highest at $656 in zip code 36701. Homeowners in Selma may find their tax bills vary significantly, with the 25th percentile at $183 and the 90th percentile reaching up to $1,017. This variation can impact homeowners' budgets, making it crucial to understand how these factors affect their annual tax obligations.
Average Selma Tax Bill
$388
Average Dallas County Tax Bill
$361
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Selma, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36701 | $100 | $251 | $473 | $760 | $1,133 |
| 36702 | $63 | $67 | $73 | $80 | $84 |
| 36703 | $49 | $117 | $245 | $433 | $673 |
| 36749 | $427 | $427 | $427 | $427 | $427 |
| 36759 | $43 | $73 | $184 | $727 | $892 |
| 36767 | $38 | $41 | $71 | $128 | $267 |
| 36775 | $233 | $233 | $233 | $233 | $233 |
| 36785 | $342 | $342 | $342 | $342 | $342 |
Source: Ownwell