Hokes Bluff, Alabama Property Taxes
The median property tax rate in Hokes Bluff, AL is 0.58%, which is lower than the national median of 0.99% but higher than the Alabama state median of 0.47%. With a median home value of $113,300 in Hokes Bluff, the typical annual property tax bill amounts to $727, significantly less than the national median of $2,690. Property taxes in Hokes Bluff are calculated based on the assessed value, which often falls below market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Hokes Bluff'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 Hokes Bluff 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
Hokes Bluff, 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 Hokes Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hokes Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hokes Bluff 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 Hokes Bluff, Alabama
Property taxes in Hokes Bluff, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hokes Bluff is 0.58%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Hokes Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hokes Bluff 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 Hokes Bluff'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 0.58%, while the 35903 zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Hokes Bluff 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 Hokes Bluff Tax Rate
0.58%
Average Etowah County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hokes Bluff, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35903 | 0.35% | 0.39% | 0.58% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Hokes Bluff, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hokes Bluff, 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 Hokes Bluff, 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. For instance, the highest median tax bill in the area is $727 in the 35903 zip code, which is also the lowest. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hokes Bluff Assessed Value
$113,300
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 Hokes Bluff, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35903 | $67,770 | $95,925 | $113,300 | $159,550 | $194,680 |
Source: Ownwell
Property Tax Bills Across Hokes Bluff, Alabama
In Hokes Bluff, located in Etowah County, AL, property tax bills are calculated based on the assessed value of a property, which is a fraction of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Hokes Bluff, the median home price is $113,300. Property tax bills in the area range significantly, with the 25th percentile at $481 and the 75th percentile at $962, indicating variability based on property values and exemptions. Homeowners in the 90th percentile can expect to pay around $1,333 annually. The highest and lowest median tax bills in the region are both $727, specifically in the 35903 zip code. Compared to the national median property tax rate of 0.99%, Hokes Bluff offers relatively moderate property tax rates, providing some relief to homeowners. These taxes fund essential services such as schools, emergency services, and infrastructure, directly impacting the quality of life in the community.
Average Hokes Bluff Tax Bill
$727
Average Etowah County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Hokes Bluff, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35903 | $371 | $481 | $727 | $962 | $1,333 |
Source: Ownwell