Horton, Alabama Property Taxes
The median property tax rate in Horton, AL is 0.48%, slightly higher than the Alabama state median of 0.47% but still well below the national median of 0.99%. With a median home value of $81,600 in Horton, the typical annual property tax bill is approximately $406, significantly lower than the national median of $2,690. Property taxes in Horton are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Horton’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in the heart of Horton or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Horton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$392
$363
Ownwell’s Horton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Horton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Horton 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 Horton, Alabama
Property taxes in Horton, Alabama, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Horton is 0.48%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Horton set these rates annually, and they can vary across different neighborhoods. Each year, Horton 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 Horton's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35980 has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Horton 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 Horton Tax Rate
0.48%
Average Marshall County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Horton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35980 | 0.36% | 0.38% | 0.48% | 0.79% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Horton, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Horton, 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. Assessment notices in Horton 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. The median home price in Horton is $81,600, with tax bills varying significantly. For example, the 25th percentile tax bill is $225, while the 75th percentile tax bill reaches $683. The zip code with the highest median tax bill is 35980, standing at $406. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Horton Assessed Value
$81,600
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 Horton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35980 | $18,400 | $39,700 | $81,600 | $145,800 | $218,700 |
Source: Ownwell
Property Tax Bills Across Horton, Alabama
In Horton, 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. For instance, with a median home price of $81,600, the property tax rate is applied to the assessed value to determine the annual tax bill. Various factors influence this calculation, including the home’s market value, assessment ratio, and local tax rates. Homeowners in Horton can expect tax bills that vary significantly, with the 25th percentile at $225 and the 75th percentile at $683, reflecting a range of property values and conditions. At the 90th percentile, tax bills can reach up to $1,001. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. While the median property tax rate in Horton is relatively low compared to the national median of 0.99%, it still represents a significant annual expense for homeowners, influencing their overall cost of living and financial planning decisions.
Average Horton Tax Bill
$406
Average Marshall County Tax Bill
$654
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Horton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35980 | $92 | $225 | $406 | $683 | $1,001 |
Source: Ownwell