Stevenson, Alabama Property Taxes
The median property tax rate in Stevenson, AL is 0.30%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value of $84,150 in Stevenson, the typical annual property tax bill is around $307, far below the national median of $2,690. Property taxes in Stevenson are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Stevenson’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 Stevenson or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stevenson, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Stevenson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stevenson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stevenson 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 Stevenson, Alabama
Property taxes in Stevenson, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stevenson is 0.31%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Stevenson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stevenson 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 Stevenson'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 0.66%, while the lowest median tax rate is 0.16%. Understanding how these cities compare with Stevenson 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 Stevenson Tax Rate
0.30%
Average Jackson County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stevenson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35772 | 0.18% | 0.26% | 0.30% | 0.50% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Stevenson, Alabama
In Stevenson, 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 property assessor 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. Assessment notices in Stevenson 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 Stevenson 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 bill is 35772, both at $307.
Average Stevenson Assessed Value
$84,150
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 Stevenson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35772 | $23,200 | $44,000 | $84,150 | $142,200 | $212,880 |
Source: Ownwell
Property Tax Bills Across Stevenson, Alabama
In Stevenson, located in Jackson County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a fraction of the property's market value, determined by the local tax assessor. Homeowners in Stevenson can expect a median home price of $84,150, which serves as a basis for their property tax calculations. Several factors play a role in determining the final tax bill, including the local tax rate, property classification, and any applicable exemptions. In Jackson County, the tax rate is applied to the assessed value to arrive at the annual property tax bill. For instance, the median property tax bill in Stevenson is $307, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in Stevenson experience a range of property tax bills, with the 25th percentile at $148 and the 75th percentile at $508. This variability can affect household budgets, making it essential for homeowners to understand their specific tax obligations and seek possible exemptions to reduce their tax burden.
Average Stevenson Tax Bill
$307
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Stevenson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35772 | $68 | $148 | $307 | $508 | $761 |
Source: Ownwell