Boaz, Alabama Property Taxes
The median property tax rate in Boaz, AL is 0.38%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $169,350 in Boaz, the typical annual property tax bill is around $660, substantially less than the national median of $2,690. Property taxes in Boaz are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Boaz'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 Boaz 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
Boaz, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$644
Ownwell’s Boaz Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boaz with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boaz 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 Boaz, Alabama
Property taxes in Boaz, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boaz is 0.38%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Boaz set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boaz 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 Boaz'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 found in Bibb County with a rate of 0.66%, while the lowest median tax rate is in Choctaw County at 0.33%. Understanding how these cities compare with Boaz provides valuable insights into the varying tax landscape across Etowah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boaz Tax Rate
0.38%
Average Etowah County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boaz, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35956 | 0.28% | 0.33% | 0.38% | 0.60% | 0.72% |
| 35957 | 0.35% | 0.36% | 0.39% | 0.65% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Boaz, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Boaz, 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 Etowah 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 Boaz, 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. The median home price in Boaz is $169,350, with annual tax bills ranging from $401 at the 25th percentile to $1,547 at the 90th percentile. The highest median tax bill is $679 in zip code 35957, while the lowest is $660 in zip code 35956. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Boaz Assessed Value
$169,350
Average Etowah County Assessed Value
$135,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boaz, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35956 | $58,600 | $101,850 | $169,300 | $240,900 | $337,300 |
| 35957 | $56,100 | $91,200 | $174,500 | $218,500 | $393,580 |
Source: Ownwell
Property Tax Bills Across Boaz, Alabama
In Boaz, located in Etowah County, AL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Boaz can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $401, while the 75th percentile reaches $1013, and the 90th percentile can go up to $1547. The median home price in Boaz is $169,350, and the property tax rate is relatively low compared to the national median property tax rate of 0.99%. The highest median tax bill in the area is $679 in the 35957 zip code, while the lowest is $660 in the 35956 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average Boaz Tax Bill
$660
Average Etowah County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Boaz, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35956 | $194 | $401 | $660 | $1,014 | $1,546 |
| 35957 | $244 | $553 | $679 | $882 | $1,746 |
Source: Ownwell