Shorterville, Alabama Property Taxes
The median property tax rate in Shorterville, AL is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $87,169 in Shorterville, the typical annual property tax bill is $329, far below the national median of $2,690. Property taxes in Shorterville are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Shorterville'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 Shorterville or another part of Henry County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shorterville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$288
Ownwell’s Shorterville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shorterville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shorterville 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 Henry County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Shorterville, Alabama
Property taxes in Shorterville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shorterville is 0.33%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Shorterville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shorterville 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 Shorterville's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the county has the highest median property tax rate of 0.33%, while other areas may have different rates. Understanding how these cities compare with Shorterville provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shorterville Tax Rate
0.33%
Average Henry County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shorterville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36373 | 0.16% | 0.23% | 0.33% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Shorterville, Alabama
In Shorterville, 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 Henry 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 Shorterville, 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 Shorterville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Shorterville is 36373, with a median tax bill of $329.
Average Shorterville Assessed Value
$87,169
Average Henry County Assessed Value
$118,764
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shorterville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36373 | $22,876 | $38,952 | $87,169 | $156,488 | $296,480 |
Source: Ownwell
Property Tax Bills Across Shorterville, Alabama
In Shorterville, located in Henry County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Shorterville is $87,169. Property tax bills can vary significantly, as evidenced by the 25th percentile tax bill at $150 and the 75th percentile tax bill at $631, with the 90th percentile reaching up to $936. These figures show that while some homeowners pay relatively low property taxes, others might face higher bills depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Shorterville's tax bills appear to be on the lower end, offering some relief to homeowners. Understanding these factors is crucial for homeowners to anticipate their financial obligations and manage their budgets effectively.
Average Shorterville Tax Bill
$329
Average Henry County Tax Bill
$519
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Shorterville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36373 | $68 | $150 | $329 | $631 | $936 |
Source: Ownwell