Sylvania, Alabama Property Taxes
The median property tax rate in Sylvania, Alabama is 0.37%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $98,940 in Sylvania, the typical annual property tax bill is $418, which is well below the national median of $2,690. Property taxes in Sylvania 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 Sylvania'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 Sylvania or another part of DeKalb County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sylvania, 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 Sylvania Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sylvania with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sylvania 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 Sylvania, Alabama
Property taxes in Sylvania, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sylvania is 0.37%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Sylvania set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sylvania 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 Sylvania's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Sylvania provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sylvania Tax Rate
0.37%
Average Dekalb County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sylvania, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35988 | 0.26% | 0.32% | 0.37% | 0.71% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Sylvania, Alabama
In Sylvania, 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 Sylvania, 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 Sylvania helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sylvania stands at $98,940, with the highest and lowest median tax bills both recorded at $418 in the 35988 zip code.
Average Sylvania Assessed Value
$98,940
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 Sylvania, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35988 | $24,677 | $54,240 | $98,940 | $164,700 | $240,960 |
Source: Ownwell
Property Tax Bills Across Sylvania, Alabama
In Sylvania, located in DeKalb County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Sylvania is $98,940. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, the property tax bill can vary significantly, with the 25th percentile at $210, the 75th percentile at $653, and the 90th percentile reaching $990. Understanding these variations is crucial for homeowners budgeting for property expenses. Compared to the national median property tax rate of 0.99%, Sylvania provides a more affordable tax environment, potentially making it an attractive location for buyers. The highest and lowest median tax bill in Sylvania is $418, indicating a relatively consistent tax rate across the area. This consistency helps homeowners plan their finances more effectively.
Average Sylvania Tax Bill
$418
Average Dekalb County Tax Bill
$412
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Sylvania, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35988 | $79 | $210 | $418 | $653 | $990 |
Source: Ownwell