Trafford, Jefferson County, Alabama Property Taxes
The median property tax rate in Trafford, AL is 0.51%, slightly higher than the state median of 0.47% but still below the national median of 0.99%. With a median home value of $55,500 in Trafford, the typical annual property tax bill is around $356, which is significantly lower than the national median of $2,690. Property taxes in Trafford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Trafford'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 Trafford or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trafford, Jefferson County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$283
$263
Ownwell’s Trafford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trafford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trafford 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 Trafford, Jefferson County, Alabama
Property taxes in Trafford, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trafford is 0.51%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Trafford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trafford 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 Trafford's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35172 zip code has the highest median property tax rate of 0.51%, while the 35172 zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Trafford 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 Trafford Tax Rate
0.51%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trafford, Jefferson County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35172 | 0.40% | 0.45% | 0.51% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Trafford, Jefferson County, Alabama
In Trafford, 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 Trafford, 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 Trafford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Jefferson County, the highest and lowest median tax bills both stand at $356 in the 35172 zip code.
Property Tax Assessment Values Across Trafford, Jefferson County, Alabama
Source: Ownwell
$4,300
$414,375
$824,450
Average Trafford Assessed Value
$55,500
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 Trafford, Jefferson County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35172 | $15,800 | $33,500 | $55,500 | $107,200 | $161,900 |
Source: Ownwell
Property Tax Bills Across Trafford, Jefferson County, Alabama
In Trafford, Jefferson County, AL, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. The median home price in the area is $55,500. Tax rates are applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. Homeowners in Trafford can expect their property tax bills to vary. For instance, the tax bill at the 25th percentile is around $185, while at the 75th percentile, it rises to approximately $615. The 90th percentile tax bill can reach up to $956. Despite these variations, the highest median tax bill in the area is $356, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Trafford Tax Bill
$356
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Trafford, Jefferson County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35172 | $100 | $185 | $356 | $615 | $956 |
Source: Ownwell