Crossville, Alabama Property Taxes
The median property tax rate in Crossville, Alabama is 0.37%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $90,300 in Crossville, the typical annual property tax bill is $328, well below the national median of $2,690. Property taxes in Crossville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Crossville'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 Crossville or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crossville, 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 Crossville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crossville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crossville 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 Crossville, Alabama
Property taxes in Crossville, Alabama, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Crossville is 0.37%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Crossville set these rates annually, and they can vary across different neighborhoods. Each year, Crossville 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. Understanding how Crossville's effective property tax rate compares to other counties in Alabama and the national median helps homeowners gain a clearer picture of their property tax obligations relative to other areas. For comparison, the highest median property tax rate in Alabama is found in Marshall County, while the lowest median tax rate is also in Marshall County. This comparison provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners understand their property tax obligations relative to neighboring areas.
Average Crossville Tax Rate
0.37%
Average Marshall County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crossville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35962 | 0.28% | 0.33% | 0.37% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Crossville, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crossville, 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 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 Crossville, 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 Crossville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Crossville is $90,300, with tax bills ranging from $194 at the 25th percentile to $1,096 at the 90th percentile. The highest and lowest median tax bills are both $328 in the 35962 zip code.
Average Crossville Assessed Value
$90,300
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 Crossville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35962 | $24,980 | $41,100 | $90,300 | $150,800 | $274,533 |
Source: Ownwell
Property Tax Bills Across Crossville, Alabama
Property tax bills in Crossville, located in Marshall County, Alabama, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Crossville is $90,300. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill at $194 and the 75th percentile at $643. For those at the 90th percentile, the tax bill can reach as high as $1,096. Several factors contribute to the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Crossville offers a relatively low tax burden, making it an attractive location for homeowners seeking affordability. The highest and lowest median tax bills in the area are both $328, indicating a relatively uniform tax rate across different properties.
Average Crossville Tax Bill
$328
Average Marshall County Tax Bill
$654
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Crossville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35962 | $117 | $194 | $328 | $643 | $1,096 |
Source: Ownwell