Trussville, Alabama Property Taxes
The median property tax rate in Trussville, AL is 0.60%, which is lower than the national median of 0.99% but higher than Alabama's state median of 0.47%. With a median home value of $292,000 in Trussville, the typical annual property tax bill amounts to $1,847, significantly below the national median of $2,690. Property taxes in Trussville are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence exemption. Understanding Trussville'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 Trussville 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
Trussville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,752
$1,626
Ownwell’s Trussville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trussville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trussville 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 Jefferson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Trussville, Alabama
Property taxes in Trussville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trussville is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Trussville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trussville 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 Trussville's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35173 has both the highest and lowest median property tax rate of 0.60%. Understanding how these areas compare with Trussville 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 Trussville Tax Rate
0.60%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trussville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35173 | 0.52% | 0.59% | 0.60% | 0.61% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Trussville, Alabama
In Trussville, 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 Trussville, 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 Trussville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Trussville is $292,000, with the highest median tax bill recorded at $1,847 in the 35173 zip code.
Average Trussville Assessed Value
$292,000
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 Trussville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35173 | $135,800 | $211,100 | $292,000 | $372,200 | $478,280 |
Source: Ownwell
Property Tax Bills Across Trussville, Alabama
In Trussville, 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 Trussville is $292,000, and the property tax rate is applied to this assessed value. Factors such as the property's location, size, and improvements can influence the assessed value, ultimately affecting the tax bill. Homeowners in Trussville can expect a wide range of tax bills. For example, the 25th percentile tax bill is $1,358, while the 75th percentile tax bill is $2,451. At the higher end, the 90th percentile tax bill reaches $3,258. The median tax bill in the area is $1,847, which is significantly lower than the national median property tax rate of 0.99%. This variation in tax bills can impact homeowners differently, with higher-valued properties incurring higher taxes. Understanding these factors can help homeowners anticipate their financial obligations and manage their budgets effectively.
Average Trussville Tax Bill
$1,847
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Trussville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35173 | $893 | $1,358 | $1,847 | $2,451 | $3,258 |
Source: Ownwell