East Gadsden, Alabama Property Taxes
The median property tax rate in East Gadsden, AL is 0.47%, aligning with the state median but significantly lower than the national median of 0.99%. With a median home value of $73,050, the typical annual property tax bill in East Gadsden is $496, far below the national median of $2,690. Property taxes are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Navigating East Gadsden's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of East Gadsden or elsewhere in Etowah County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
East Gadsden, 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 East Gadsden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Gadsden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Gadsden 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 East Gadsden, Alabama
Property taxes in East Gadsden, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Gadsden is 0.47%, significantly lower than both the Alabama state median of 0.39% and the U.S. national median of 0.99%. Local government entities within East Gadsden set these rates annually, and they can vary across different neighborhoods. Each year, East Gadsden 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 East Gadsden's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35903 zip code has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these areas compare with East Gadsden 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 East Gadsden Tax Rate
0.47%
Average Etowah County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Gadsden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35903 | 0.40% | 0.43% | 0.47% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across East Gadsden, Alabama
In East Gadsden, 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 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 East Gadsden, 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. The median home price in East Gadsden is $73,050, with the 25th percentile tax bill at $306 and the 75th percentile tax bill at $747. The highest median tax bill is $496 in zip code 35903, which is also the lowest median 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 East Gadsden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average East Gadsden Assessed Value
$73,050
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 East Gadsden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35903 | $38,670 | $52,800 | $73,050 | $125,950 | $235,450 |
Source: Ownwell
Property Tax Bills Across East Gadsden, Alabama
In East Gadsden, property tax bills are calculated based on the assessed value of a home, which is determined by the Etowah County tax assessor. The median home price in East Gadsden is $73,050. Homeowners can expect their tax bills to vary within a range, with the 25th percentile tax bill at $306 and the 75th percentile at $747. For those in the 90th percentile, the tax bill can go up to $1,127. These figures indicate that property taxes in East Gadsden are relatively low compared to the national median property tax rate of 0.99%. Factors that influence the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. For instance, homeowners in the 35903 zip code face a median tax bill of $496. These property taxes fund essential community services such as public schools, emergency services, and infrastructure maintenance. Lower tax rates can be beneficial for homeowners, making East Gadsden an attractive place for property investment and residency.
Average East Gadsden Tax Bill
$496
Average Etowah County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across East Gadsden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35903 | $243 | $306 | $496 | $747 | $1,127 |
Source: Ownwell