Gurley, Alabama Property Taxes
The median property tax rate in Gurley, AL is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Gurley at $167,950, the typical annual property tax bill amounts to $474, well below the national median of $2,690. Property taxes in Gurley are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Gurley'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 Gurley or another part of Jackson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gurley, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$470
Ownwell’s Gurley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gurley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gurley 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 Gurley, Alabama
Property taxes in Gurley, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gurley is 0.31%, significantly lower than both the Alabama state median of 0.37% and the U.S. national median of 0.99%. Local government entities within Gurley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gurley 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 Gurley’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 is 0.37%, while the lowest median tax rate is 0.31%. Understanding how these cities compare with Gurley provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gurley Tax Rate
0.28%
Average Jackson County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gurley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35748 | 0.21% | 0.25% | 0.28% | 0.30% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Gurley, Alabama
In Gurley, 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 Jackson 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 Gurley, 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 Gurley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Gurley is $167,950, with tax bills ranging from $310 to $1,075. Notably, the highest and lowest median tax bills are both found in zip code 35748, each at $474.
Average Gurley Assessed Value
$167,950
Average Jackson County Assessed Value
$104,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gurley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35748 | $63,050 | $95,900 | $167,950 | $258,850 | $353,150 |
Source: Ownwell
Property Tax Bills Across Gurley, Alabama
In Gurley, located in Jackson County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Gurley stands at $167,950. Homeowners in this city can expect property tax bills to vary significantly, with the 25th percentile paying around $310 and the 75th percentile paying up to $820. For those at the 90th percentile, the tax bill can reach as high as $1,075. Factors influencing the tax bill include property location, home size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Gurley experience relatively moderate tax bills. The highest and lowest median tax bill in Gurley are both recorded at $474 in the 35748 zip code, indicating a level of consistency in property tax assessments within this area. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Gurley Tax Bill
$474
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Gurley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35748 | $153 | $310 | $474 | $820 | $1,075 |
Source: Ownwell