Guntersville, Alabama Property Taxes
The median property tax rate in Guntersville, AL is 0.41%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $174,700 in Guntersville, the typical annual property tax bill is approximately $837, well below the national median of $2,690. Property taxes in Guntersville are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Guntersville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Guntersville or another part of Marshall County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Guntersville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$716
$665
Ownwell’s Guntersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guntersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guntersville 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 Guntersville, Alabama
Property taxes in Guntersville, Alabama, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Guntersville is 0.41%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Guntersville set these rates annually, and they can vary across different neighborhoods. Each year, Guntersville 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 Guntersville's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35976 has both the highest and lowest median property tax rate of 0.41%, reflecting a uniformity within the area. Understanding how these cities compare with Guntersville 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 Guntersville Tax Rate
0.41%
Average Marshall County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guntersville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35976 | 0.32% | 0.38% | 0.41% | 0.75% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Guntersville, Alabama
In Guntersville, 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 Guntersville, 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 Guntersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 35976, with a median tax bill of $837.
Average Guntersville Assessed Value
$174,700
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 Guntersville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35976 | $41,700 | $95,500 | $174,700 | $311,000 | $536,180 |
Source: Ownwell
Property Tax Bills Across Guntersville, Alabama
Property tax bills in Guntersville, located in Marshall County, AL, are determined by several key factors. The assessed value of a property is the primary determinant, calculated as a percentage of the market value. In Guntersville, the median home price is $174,700. Property taxes are then applied to this assessed value using the local tax rate. For example, the tax bill at the 25th percentile is $466, while at the 75th percentile, it rises to $1,474, and at the 90th percentile, it can be as high as $2,543. These tax bills are influenced by various elements, including property location, size, and any applicable exemptions or deductions. Homeowners in Guntersville should be aware that their property tax bills can significantly impact their annual expenses, with the highest median tax bill in the area being $837. This figure is relatively lower than the national median property tax rate of 0.99%, making Guntersville an attractive location for homeowners seeking manageable property tax obligations.
Average Guntersville Tax Bill
$837
Average Marshall County Tax Bill
$654
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Guntersville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35976 | $226 | $466 | $837 | $1,474 | $2,543 |
Source: Ownwell