Woodville, Alabama Property Taxes
The median property tax rate in Woodville, 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 Woodville at $98,100, the typical annual property tax bill is $289, far below the national median of $2,690. Property taxes in Woodville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Woodville'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 Woodville or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Woodville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$275
Ownwell’s Woodville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodville 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 Jackson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Woodville, Alabama
Property taxes in Woodville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodville is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Woodville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodville 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 Woodville's effective property tax rate to other counties in Alabama and the national median. For comparison, ZIP code 35203 has the highest median property tax rate of 0.66%, while ZIP code 36075 has the lowest median tax rate of 0.16%. Understanding how these cities compare with Woodville 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 Woodville 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 Woodville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35776 | 0.18% | 0.24% | 0.28% | 0.35% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Woodville, Alabama
In Woodville, 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 Woodville, 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 Woodville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 35776 has both the highest and lowest median tax bill, at $289.
Average Woodville Assessed Value
$98,100
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 Woodville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35776 | $29,960 | $56,900 | $98,100 | $152,200 | $231,700 |
Source: Ownwell
Property Tax Bills Across Woodville, Alabama
In Woodville, located in Jackson County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For example, if the median home price is $98,100, the assessed value will be a fraction of this amount, determined by state regulations. The property tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Woodville, the 25th percentile of tax bills is around $163, while the 75th percentile reaches $465, and the 90th percentile can go up to $715. This range shows how property characteristics and exemptions can significantly impact the tax amount. For homeowners, understanding these factors is crucial as property taxes directly affect annual expenses. Comparing these figures with the national median property tax rate of 0.99% helps to contextualize the local tax burden, which can influence decisions on property investments and homeownership.
Average Woodville Tax Bill
$289
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35776 | $77 | $163 | $289 | $465 | $715 |
Source: Ownwell