Geneva County, Alabama Property Taxes
The median property tax rate in Geneva County is 0.35%, which is significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Geneva County at $100,900, the typical annual property tax bill is $373, far below the national median of $2,690. Property taxes in Geneva County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Geneva County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Geneva or another part of Geneva County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Geneva County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$353
$328
Ownwell’s Geneva County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Geneva County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Geneva County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Geneva County, Alabama
Property taxes in Geneva County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Geneva County is 0.35%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Geneva County set these rates annually, and they can vary significantly between different areas within the county. Each year, Geneva County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Bellwood has one of the higher property tax rates in Alabama at 0.64%, while the city of Geneva boasts one of the lowest at 0.41%. Analyzing how Geneva County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Geneva County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Geneva County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellwood | 0.19% | 0.28% | 0.64% | 0.64% | 0.64% |
| Black | 0.13% | 0.22% | 0.31% | 0.42% | 0.79% |
| Chancellor | 0.12% | 0.20% | 0.28% | 0.38% | 0.64% |
| Coffee Springs | 0.15% | 0.21% | 0.30% | 0.54% | 0.64% |
| Daleville | 0.19% | 0.26% | 0.30% | 0.55% | 0.64% |
| Dothan | 0.22% | 0.29% | 0.31% | 0.39% | 0.68% |
| Florala | N/A | N/A | N/A | N/A | N/A |
| Geneva | 0.24% | 0.34% | 0.41% | 0.88% | 0.88% |
| Hartford | 0.18% | 0.26% | 0.33% | 0.63% | 0.78% |
| Kinston | 0.14% | 0.21% | 0.28% | 0.46% | 0.64% |
| Malvern | N/A | N/A | N/A | N/A | N/A |
| Newton | 0.20% | 0.22% | 0.52% | 0.64% | 0.64% |
| Rehobeth | N/A | N/A | N/A | N/A | N/A |
| Samson | 0.16% | 0.23% | 0.32% | 0.64% | 0.78% |
| Slocomb | 0.20% | 0.31% | 0.37% | 0.64% | 0.82% |
| Taylor | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Geneva County, Alabama
In Geneva County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Geneva County Appraisal District. The assessed value, however, 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. Assessment notices in Geneva County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Geneva County, Malvern has the highest median tax bill at $650, while Taylor has the lowest at $182. The median home price in the county is $100,900. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Geneva County Assessed Value
$100,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Geneva County, Alabama
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellwood | $14,580 | $31,850 | $55,400 | $101,200 | $163,230 |
| Black | $33,860 | $54,350 | $102,800 | $175,200 | $281,780 |
| Chancellor | $31,120 | $55,500 | $111,300 | $210,200 | $324,620 |
| Coffee Springs | $32,380 | $62,600 | $109,000 | $177,900 | $298,920 |
| Daleville | $49,690 | $113,000 | $155,600 | $241,300 | $330,450 |
| Dothan | $49,780 | $95,900 | $130,600 | $220,650 | $330,420 |
| Florala | N/A | N/A | N/A | N/A | N/A |
| Geneva | $26,900 | $50,200 | $86,950 | $144,825 | $226,300 |
| Hartford | $37,770 | $69,400 | $119,300 | $189,000 | $279,350 |
| Kinston | $37,600 | $54,300 | $96,050 | $165,000 | $248,950 |
| Malvern | N/A | N/A | N/A | N/A | N/A |
| Newton | $38,960 | $56,800 | $89,800 | $201,900 | $298,980 |
| Rehobeth | N/A | N/A | N/A | N/A | N/A |
| Samson | $22,100 | $43,825 | $81,350 | $151,300 | $255,600 |
| Slocomb | $35,880 | $62,900 | $104,800 | $177,900 | $271,820 |
| Taylor | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Geneva County, Alabama
In Geneva County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The county applies a specific tax rate to this assessed value to determine the annual property tax bill. Several factors influence this calculation, including the median home price, which stands at $100,900. Homeowners in the 25th percentile pay around $206 annually, while those in the 75th percentile see bills closer to $629. At the 90th percentile, the tax bill can reach up to $940. The tax burden varies significantly within the county. For instance, Malvern has the highest median tax bill at $650, whereas Taylor has the lowest at $182. These variations affect homeowners differently, with higher property taxes potentially impacting affordability and overall financial planning. Compared to the national median property tax rate of 0.99%, Geneva County's rates reflect a diverse range of financial obligations for its residents.
Average Geneva County Tax Bill
$373
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Geneva County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellwood | $71 | $111 | $236 | $362 | $1,031 |
| Black | $76 | $162 | $296 | $572 | $838 |
| Chancellor | $78 | $165 | $302 | $536 | $884 |
| Coffee Springs | $87 | $187 | $328 | $571 | $861 |
| Daleville | $199 | $293 | $396 | $797 | $1,000 |
| Dothan | $166 | $301 | $468 | $775 | $1,073 |
| Florala | N/A | N/A | N/A | N/A | N/A |
| Geneva | $108 | $224 | $400 | $674 | $997 |
| Hartford | $121 | $233 | $431 | $675 | $953 |
| Kinston | $66 | $132 | $299 | $438 | $733 |
| Malvern | N/A | N/A | N/A | N/A | N/A |
| Newton | $149 | $234 | $434 | $660 | $1,193 |
| Rehobeth | N/A | N/A | N/A | N/A | N/A |
| Samson | $64 | $141 | $280 | $502 | $778 |
| Slocomb | $142 | $240 | $406 | $655 | $943 |
| Taylor | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell