Adamsville, Alabama Property Taxes
The median property tax rate in Adamsville, AL is 0.56%, notably higher than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $97,900 in Adamsville, the typical annual property tax bill is around $599, which is significantly lower than the national median of $2,690. Property taxes in Adamsville are based on the assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Adamsville'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 Adamsville or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adamsville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$548
$509
Ownwell’s Adamsville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Adamsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adamsville to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in exploring trends at a neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by Jefferson County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Adamsville, Alabama
Property taxes in Adamsville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adamsville is 0.56%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Adamsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adamsville 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 Adamsville's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35005 zip code has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Adamsville provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adamsville Tax Rate
0.56%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adamsville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35005 | 0.45% | 0.48% | 0.56% | 1.14% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Adamsville, Alabama
In Adamsville, 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 Jefferson 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 Adamsville, 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 Adamsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Adamsville is $97,900, with tax bills ranging from $444 at the 25th percentile to $1,230 at the 90th percentile.
Average Adamsville Assessed Value
$97,900
Average Jefferson County Assessed Value
$150,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adamsville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35005 | $36,400 | $64,350 | $97,900 | $124,800 | $164,800 |
Source: Ownwell
Property Tax Bills Across Adamsville, Alabama
In Adamsville, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the Jefferson County tax assessor and typically represents a percentage of the property's market value. For homeowners in Adamsville, the median home price is $97,900. Property tax rates in this area are relatively moderate compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill in Adamsville is $444, while the 75th percentile tax bill is $907. At the higher end, the 90th percentile tax bill reaches $1,230. These property taxes significantly impact homeowners, affecting their annual expenses and the affordability of their homes. Understanding how these taxes are calculated and what factors are considered can help homeowners better manage their finances and plan for future expenses.
Average Adamsville Tax Bill
$599
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Adamsville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35005 | $271 | $444 | $599 | $907 | $1,230 |
Source: Ownwell