Hartford, Alabama Property Taxes
The median property tax rate in Hartford, Alabama is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Hartford, the typical annual property tax bill reaches $431, well below the national median of $2,690. Property taxes in Hartford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hartford'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 Hartford or another part of Geneva County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartford, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$394
Ownwell’s Hartford Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Hartford. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Hartford to provide an accurate estimate of your property tax bill. This tool is designed to help you understand potential tax liabilities with ease. For those interested in more granular details, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value is the figure assigned by Geneva County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Hartford, Alabama
Property taxes in Hartford, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartford is 0.33%, significantly lower than the U.S. national median of 0.99%. Local government entities within Hartford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartford 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 Hartford'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 ZIP code 01061 with a rate of 0.33%, while the lowest median tax rate is also 0.33%. Understanding how these cities compare with Hartford provides valuable insights into the varying tax landscape across Geneva County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartford Tax Rate
0.33%
Average Geneva County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36344 | 0.18% | 0.26% | 0.33% | 0.63% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Hartford, Alabama
In Hartford, 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 Geneva 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 Hartford, 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 Hartford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Hartford, the median home price is $119,300. The highest median tax bill is $431 in zip code 36344, while the lowest median tax bill is also $431 in the same zip code.
Average Hartford Assessed Value
$119,300
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 Hartford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36344 | $37,770 | $69,400 | $119,300 | $189,000 | $279,350 |
Source: Ownwell
Property Tax Bills Across Hartford, Alabama
In Hartford, Alabama, property tax bills are calculated based on the assessed value of a home, which is determined by the Geneva County tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Hartford, the median home price is $119,300. Tax bills can vary significantly, with the 25th percentile paying around $233 and the 75th percentile paying about $675 annually. At the 90th percentile, tax bills can reach up to $953. These property taxes fund essential local services such as schools, public safety, and infrastructure. While Hartford's property tax rates are relatively low compared to the national median property tax rate of 0.99%, they still represent a significant expense for homeowners. Understanding how these taxes are calculated can help homeowners budget effectively and potentially seek appeals or exemptions if they believe their property has been over-assessed.
Average Hartford Tax Bill
$431
Average Geneva County Tax Bill
$373
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartford, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36344 | $121 | $233 | $431 | $675 | $953 |
Source: Ownwell