Valley Grande, Alabama Property Taxes
The median property tax rate in Valley Grande, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Valley Grande at $117,200, the typical annual property tax bill comes to $387, well below the national median of $2,690. Property taxes in Valley Grande 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 Valley Grande'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 Valley Grande 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
Valley Grande, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$352
Ownwell’s Valley Grande Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Valley Grande with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Valley Grande to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Dallas County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Valley Grande, Alabama
Property taxes in Valley Grande, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley Grande is 0.31%, which is significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Valley Grande set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley Grande 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 Valley Grande'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 0.66%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Valley Grande 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 Valley Grande Tax Rate
0.30%
Average Dallas County Tax Rate
0.53%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley Grande, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36701 | 0.21% | 0.27% | 0.30% | 0.39% | 0.68% |
| 36703 | 0.26% | 0.28% | 0.30% | 0.39% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Valley Grande, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Valley Grande, Alabama. 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 Valley Grande, 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. For instance, the highest median tax bill in the area is $415 in zip code 36703, while the lowest is $362 in zip code 36701. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Valley Grande Assessed Value
$117,200
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 Valley Grande, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36701 | $25,400 | $56,850 | $107,400 | $158,700 | $212,680 |
| 36703 | $59,980 | $93,975 | $127,500 | $170,475 | $242,180 |
Source: Ownwell
Property Tax Bills Across Valley Grande, Alabama
In Valley Grande, located in Dallas County, AL, property tax bills are calculated based on the assessed value of the property, which is a fraction of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, which in turn affects the tax bill. For homeowners in Valley Grande, the median home price is $117,200. The tax bills vary significantly across different percentiles. At the 25th percentile, homeowners might pay around $239 annually, while those at the 75th percentile could see bills around $570. The highest tax bills, at the 90th percentile, can reach up to $797. Compared to the national median property tax rate of 0.99%, Valley Grande’s rates offer a relatively affordable option for homeowners. Understanding these factors can help residents anticipate their property tax obligations and manage their budgets more effectively.
Average Valley Grande Tax Bill
$387
Average Dallas County Tax Bill
$361
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley Grande, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36701 | $68 | $187 | $362 | $535 | $734 |
| 36703 | $198 | $304 | $415 | $612 | $863 |
Source: Ownwell