Springville, Alabama Property Taxes
The median property tax rate in Springville, AL is 0.50%, slightly higher than the state median of 0.47% but lower than the national median of 0.99%. With the median home value in Springville at $212,700, the typical annual property tax bill amounts to $1,216, which is below the national median of $2,690. Property taxes in Springville 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 Springville'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 Springville or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Springville, 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 SPRINGVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPRINGVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPRINGVILLE 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 Springville, Alabama
Property taxes in Springville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springville is 0.50%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Springville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springville 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 Springville's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35146 zip code has the highest median property tax rate of 0.50%, while the 35146 zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Springville 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 Springville Tax Rate
0.50%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35146 | 0.42% | 0.47% | 0.50% | 0.54% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Springville, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Springville, Alabama. 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 Springville, 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 Springville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $1,216 in the 35146 zip code, while the lowest median tax bill is also $1,216 in the same zip code.
Average Springville Assessed Value
$212,700
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 Springville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35146 | $77,800 | $148,800 | $212,700 | $277,650 | $389,000 |
Source: Ownwell
Property Tax Bills Across Springville, Alabama
In Springville, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value determined by local assessors. Once the assessed value is established, the tax rate, set by Jefferson County, is applied. This rate is influenced by various factors, including local government budgets and public service funding needs. For homeowners in Springville, the median home price is $212,700. Depending on the home's assessed value, property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $815, while the 75th percentile reaches $1,636. At the 90th percentile, homeowners might see tax bills as high as $2,058. Comparatively, the highest and lowest median tax bills in the area are both $1,216, indicating some consistency in the tax landscape. Understanding these factors is crucial for homeowners, as property taxes directly impact annual expenses and long-term financial planning. By staying informed about how tax bills are calculated, homeowners can better anticipate and manage their property tax obligations.
Average Springville Tax Bill
$1,216
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Springville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35146 | $490 | $815 | $1,216 | $1,636 | $2,058 |
Source: Ownwell