Gallant, Alabama Property Taxes
The median property tax rate in Gallant, Alabama is 0.34%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Gallant at $164,800, the typical annual property tax bill reaches $564, significantly below the national median of $2,690. Property taxes in Gallant 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 Gallant'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 Gallant 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
Gallant, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$560
$520
Ownwell’s Gallant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gallant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gallant 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 Gallant, Alabama
Property taxes in Gallant, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gallant is 0.34%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Gallant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gallant 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 Gallant's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the region is 0.66%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Gallant 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 Gallant Tax Rate
0.34%
Average Etowah County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gallant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35972 | 0.24% | 0.29% | 0.34% | 0.55% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Gallant, Alabama
In Gallant, 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 Gallant, 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 Gallant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 35972 has the highest and lowest median tax bill at $564.
Average Gallant Assessed Value
$164,800
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 Gallant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35972 | $58,900 | $100,500 | $164,800 | $248,600 | $326,540 |
Source: Ownwell
Property Tax Bills Across Gallant, Alabama
In Gallant, located in Etowah County, AL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Gallant is $164,800. Property taxes in this region are relatively low compared to the national median property tax rate of 0.99%. Homeowners in Gallant can expect their tax bills to vary significantly. The 25th percentile tax bill is around $350, while the 75th percentile tax bill reaches $882. For those at the higher end, the 90th percentile tax bill can climb to $1,357. These figures illustrate that while some homeowners may face modest property tax bills, others could see more substantial amounts, depending on the assessed value and specific circumstances of their property. These property tax bills directly impact homeowners by influencing their overall housing costs. Lower tax bills can make homeownership more affordable, whereas higher tax bills require careful financial planning. Understanding these factors is crucial for homeowners aiming to manage their expenses effectively.
Average Gallant Tax Bill
$564
Average Etowah County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Gallant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35972 | $195 | $350 | $564 | $882 | $1,357 |
Source: Ownwell