Sayre, Alabama Property Taxes
The median property tax rate in Sayre, AL is 0.75%, which is lower than the national median of 0.99% but significantly higher than the Alabama state median of 0.47%. With a median home value of $24,400 in Sayre, the typical annual property tax bill amounts to $178, well below the national median of $2,690. Property taxes in Sayre are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sayre'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 Sayre or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sayre, 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 Sayre Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Sayre with just two data points. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Sayre to provide an estimate of your property tax bill. This insightful tool helps you grasp potential tax liabilities. If you’re curious about neighborhood-level trends, scroll down for more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Sayre, Alabama
Property taxes in Sayre, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sayre is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Sayre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sayre 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 Sayre's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35139 zip code has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Sayre 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 Sayre Tax Rate
0.75%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sayre, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35139 | 0.55% | 0.63% | 0.75% | 0.88% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Sayre, Alabama
In Sayre, 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 Sayre, 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 Sayre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $178 in zip code 35139, while the 25th percentile tax bill is $156, and the 75th percentile tax bill is $201.
Average Sayre Assessed Value
$24,400
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 Sayre, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35139 | $22,720 | $23,350 | $24,400 | $25,450 | $26,080 |
Source: Ownwell
Property Tax Bills Across Sayre, Alabama
In Sayre, located in Jefferson County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Sayre is $24,400, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as local tax rates and any applicable exemptions or deductions also play a role in the final amount. Homeowners in Sayre can expect their tax bills to fall within a range, with the 25th percentile tax bill being $156 and the 75th percentile reaching $201. For those in the 90th percentile, tax bills can go up to $214. Comparatively, the highest and lowest median tax bills in the area are both $178, indicating a fairly consistent property tax rate across different properties. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses. By knowing how tax bills are calculated and what to expect, homeowners can better plan their finances and seek exemptions if eligible.
Average Sayre Tax Bill
$178
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Sayre, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35139 | $142 | $156 | $178 | $201 | $214 |
Source: Ownwell