Section, Dekalb County, Alabama Property Taxes
The median property tax rate in SECTION, AL is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $59,730 in SECTION, the typical annual property tax bill is $229, which is well below the national median of $2,690. Property taxes in SECTION are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding SECTION's property tax system, including available exemptions and potential reductions, can result in substantial annual savings. Whether you're in the heart of SECTION or another part of the city, gaining insight into the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Section, Dekalb County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$209
$194
Ownwell’s Section Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Section with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Section 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 Section, Dekalb County, Alabama
Property taxes in SECTION, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in SECTION is 0.35%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within SECTION set these rates annually, and they can vary significantly across different neighborhoods. Each year, SECTION 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 SECTION's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with SECTION provides valuable insights into the varying tax landscape across DeKalb, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Section Tax Rate
0.35%
Average Dekalb County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Section, Dekalb County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35771 | 0.18% | 0.27% | 0.35% | 0.46% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Section, Dekalb County, Alabama
In Fort Payne, 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 DeKalb 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 Fort Payne, 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 Fort Payne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $229, found in the 35771 zip code.
Property Tax Assessment Values Across Section, Dekalb County, Alabama
Source: Ownwell
$41,000
$104,740
$168,480
Average Section Assessed Value
$59,730
Average Dekalb County Assessed Value
$106,260
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Section, Dekalb County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35771 | $30,038 | $43,316 | $59,730 | $120,930 | $164,618 |
Source: Ownwell
Property Tax Bills Across Section, Dekalb County, Alabama
In the city of SECTION in DeKalb County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of its market value. The median home price in this area is $59,730. Homeowners can expect their tax bill to fall within a range, with the 25th percentile at $146 and the 75th percentile at $489. For those at the higher end, the 90th percentile tax bill reaches $721. Several factors influence these tax bills, including the assessed value of the property, any applicable exemptions, and the local tax rate. The highest median tax bill in the area is $229, found in zip code 35771. This local rate is significantly lower than the national median property tax rate of 0.99%. Lower property taxes can make homeownership more affordable, but they also impact the funding available for public services like schools and infrastructure. Homeowners should be aware of these factors as they can influence both their annual expenses and the quality of local amenities.
Average Section Tax Bill
$229
Average Dekalb County Tax Bill
$412
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Section, Dekalb County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35771 | $106 | $146 | $229 | $489 | $721 |
Source: Ownwell