Paint Rock, Alabama Property Taxes
The median property tax rate in Paint Rock, AL is 0.29%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Paint Rock at $64,200, the typical annual property tax bill reaches $183, significantly below the national median of $2,690. Property taxes in Paint Rock are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Paint Rock'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 Paint Rock 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
Paint Rock, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$186
$173
Ownwell’s PAINT ROCK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PAINT ROCK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PAINT ROCK 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 Paint Rock, Alabama
Property taxes in Paint Rock, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paint Rock is 0.29%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Paint Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paint Rock 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 Paint Rock'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 in 35203 with a rate of 0.66%, while the lowest median tax rate is in 35205 at 0.18%. Understanding how these cities compare with Paint Rock 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 Paint Rock Tax Rate
0.29%
Average Jackson County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Paint Rock, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35764 | 0.17% | 0.22% | 0.29% | 0.35% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Paint Rock, Alabama
In Paint Rock, 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 Paint Rock, 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 Paint Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Paint Rock is $64,200, with the highest and lowest median tax bills being $183 in the 35764 zip code.
Average Paint Rock Assessed Value
$64,200
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 Paint Rock, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35764 | $22,880 | $38,750 | $64,200 | $118,450 | $212,520 |
Source: Ownwell
Property Tax Bills Across Paint Rock, Alabama
In Paint Rock, AL, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the Jackson County tax assessor and typically represents a percentage of your property's market value. For example, with a median home price of $64,200, homeowners can expect varying tax bills depending on several factors. The tax bill at the 25th percentile is $95, while at the 75th percentile, it rises to $356. For those at the 90th percentile, the tax bill can reach up to $721. These variations are influenced by factors such as property improvements, location, and market conditions. The highest median tax bill in the area is $183, which is also the lowest, indicating a relatively stable tax rate within the zip code 35764. Compared to the national median property tax rate of 0.99%, Paint Rock offers an affordable tax environment, providing some financial relief to homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Paint Rock Tax Bill
$183
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Paint Rock, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35764 | $59 | $95 | $183 | $356 | $721 |
Source: Ownwell