Greensboro, Hale County, Alabama Property Taxes
The median property tax rate in Greensboro, AL 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 Greensboro at $73,830, the typical annual property tax bill is $302, far below the national median of $2,690. Property taxes in Greensboro are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greensboro'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 Greensboro 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
Greensboro, Hale County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$244
$226
Ownwell’s Greensboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greensboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greensboro 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 Greensboro, Hale County, Alabama
Property taxes in Greensboro, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greensboro is 0.33%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Greensboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greensboro 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 Greensboro'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 35209 with a rate of 0.66%, while the lowest median tax rate is in 36532 with a rate of 0.24%. Understanding how these cities compare with Greensboro provides valuable insights into the varying tax landscape across Hale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greensboro Tax Rate
0.33%
Average Hale County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greensboro, Hale County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36744 | 0.20% | 0.26% | 0.33% | 0.65% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Greensboro, Hale County, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greensboro, Alabama. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Hale 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 Greensboro, 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. For instance, the zip code 36744 has the highest median tax bill at $302. 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 Greensboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Greensboro, Hale County, Alabama
Source: Ownwell
$62,300
$110,180
$158,060
Average Greensboro Assessed Value
$73,830
Average Hale County Assessed Value
$85,050
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greensboro, Hale County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36744 | $20,510 | $38,235 | $73,830 | $135,795 | $210,120 |
Source: Ownwell
Property Tax Bills Across Greensboro, Hale County, Alabama
In Greensboro, Hale County, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Homeowners in Greensboro typically face a median property tax rate that is lower than the national median of 0.99%. For instance, the median home price in Greensboro is $73,830. Property tax bills here range widely, with the 25th percentile tax bill at $132 and the 75th percentile at $541. Even at the 90th percentile, the tax bill is $859, which is relatively modest compared to many other regions. The highest median tax bill recorded in the area is $302, specifically in the 36744 zip code. These property tax bills significantly impact homeowners, as they must budget for these annual expenses. Lower property taxes can make homeownership more affordable, potentially attracting new residents to Greensboro while providing existing homeowners with some financial relief.
Average Greensboro Tax Bill
$302
Average Hale County Tax Bill
$328
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Greensboro, Hale County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36744 | $61 | $132 | $302 | $541 | $859 |
Source: Ownwell