Higdon, Alabama Property Taxes
The median property tax rate in Higdon, Alabama is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Higdon at $102,000, the typical annual property tax bill is $294, far below the national median of $2,690. Property taxes in Higdon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Higdon'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 Higdon 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
Higdon, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$275
Ownwell’s Higdon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Higdon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Higdon 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 Higdon, Alabama
Property taxes in Higdon, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Higdon is 0.27%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Higdon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Higdon 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 Higdon'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 Shelby County at 0.43%, while the lowest median tax rate is in Crenshaw County at 0.17%. Understanding how these counties compare with Higdon provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Higdon Tax Rate
0.27%
Average Jackson County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Higdon, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35979 | 0.19% | 0.24% | 0.27% | 0.30% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Higdon, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Higdon, Alabama. 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 Higdon, 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 Higdon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 35979, with a median tax bill of $294.00. Conversely, the zip code with the lowest median tax bill is also 35979, with a median tax bill of $294.00. This highlights the uniformity in property tax bills within the area.
Average Higdon Assessed Value
$102,000
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 Higdon, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35979 | $30,860 | $54,200 | $102,000 | $154,900 | $220,120 |
Source: Ownwell
Property Tax Bills Across Higdon, Alabama
In Higdon, 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 tax rate in this region is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $102,000, homeowners can expect varying tax bills depending on specific assessments and exemptions they qualify for. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Higdon see tax bills ranging from $147 at the 25th percentile to $730 at the 90th percentile, with a median tax bill of $294. This is significantly lower than the national median property tax rate of 0.99%, making Higdon an attractive location for those looking to minimize their property tax burden. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Higdon Tax Bill
$294
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Higdon, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35979 | $84 | $147 | $294 | $455 | $730 |
Source: Ownwell