Joppa, Alabama Property Taxes
The median property tax rate in Joppa, AL is 0.39%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Joppa at $167,200, the typical annual property tax bill reaches $715, significantly below the national median of $2,690. Property taxes in Joppa are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Joppa's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Joppa or another part of Marshall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Joppa, 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 Joppa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Joppa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Joppa 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 Joppa, Alabama
Property taxes in Joppa, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Joppa is 0.39%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Joppa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Joppa 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 Joppa'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 zip code 35223, with a rate of 0.84%, while the lowest median tax rate is in zip code 36784, at 0.14%. Understanding how these cities compare with Joppa 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 Joppa Tax Rate
0.39%
Average Marshall County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Joppa, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35087 | 0.37% | 0.38% | 0.39% | 0.78% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Joppa, Alabama
In Joppa, 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 Joppa, 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. The median home price in Joppa is $167,200, with tax bills ranging from $446 at the 25th percentile to $1,625 at the 90th percentile. The highest and lowest median tax bill is $715 in zip code 35087. Being aware of these valuation processes in Joppa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Joppa Assessed Value
$167,200
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 Joppa, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35087 | $52,920 | $83,075 | $167,200 | $246,088 | $376,604 |
Source: Ownwell
Property Tax Bills Across Joppa, Alabama
Property tax bills in Joppa, located in Marshall County, AL, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Joppa is $167,200, and the property tax rate is determined by local tax authorities. Homeowners in this region can expect a wide range of tax bills, with the 25th percentile at $446 and the 75th percentile at $1163. For those at the 90th percentile, tax bills can reach up to $1625. Factors influencing these variations include the property's assessed value, applicable exemptions, and local tax rates. Compared to the national median property tax rate of 0.99%, Joppa's rates can be relatively lower, offering some financial relief to homeowners. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Joppa Tax Bill
$715
Average Marshall County Tax Bill
$654
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Joppa, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35087 | $253 | $446 | $715 | $1,163 | $1,625 |
Source: Ownwell