Arab, Marshall County, Alabama Property Taxes
The median property tax rate in Arab, AL is 0.38%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Arab at $150,129, the typical annual property tax bill is $677, which is well below the national median of $2,690. Property taxes in Arab are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Arab'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 Arab 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
Arab, Marshall County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$570
$529
Ownwell’s Arab Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arab with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arab 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 Arab, Marshall County, Alabama
Property taxes in Arab, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arab is 0.38%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Arab set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arab 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 Arab's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in Shelby County at 0.74%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these cities compare with Arab provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arab Tax Rate
0.38%
Average Marshall County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arab, Marshall County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35016 | 0.33% | 0.36% | 0.38% | 0.75% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Arab, Marshall County, Alabama
In Arab, 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 Marshall 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 Arab, 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 Arab helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Arab are both $677.00, with the zip code 35016.
Property Tax Assessment Values Across Arab, Marshall County, Alabama
Source: Ownwell
$80,650
$233,425
$386,200
Average Arab Assessed Value
$150,129
Average Marshall County Assessed Value
$133,700
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arab, Marshall County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35016 | $53,600 | $97,539 | $150,129 | $230,550 | $340,723 |
Source: Ownwell
Property Tax Bills Across Arab, Marshall County, Alabama
In Arab, located in Marshall 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 the area is $150,129. The tax rate for this region is applied to the assessed value to determine the annual tax bill. For example, homeowners in Arab typically see tax bills ranging from $437 at the 25th percentile to $1,499 at the 90th percentile. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, homes in the zip code 35016 have a median tax bill of $677, which is relatively lower compared to national figures, given the national median property tax rate is 0.99%. This lower tax burden can make homeownership more affordable, but it also means fewer local services funded through property taxes. Understanding these nuances helps homeowners anticipate their annual financial commitments and plan accordingly.
Average Arab Tax Bill
$677
Average Marshall County Tax Bill
$654
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Arab, Marshall County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35016 | $259 | $437 | $677 | $1,030 | $1,499 |
Source: Ownwell