Union Grove, Alabama Property Taxes
The median property tax rate in Union Grove, AL is 0.36%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Union Grove, the typical annual property tax bill reaches $541, significantly below the national median of $2,690. Property taxes in Union Grove are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Union Grove'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 Union Grove 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
Union Grove, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$484
Ownwell’s Union Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Grove 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 Union Grove, Alabama
Property taxes in Union Grove, Alabama, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Grove is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Union Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Grove 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 Union Grove'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 0.72%, while the lowest median tax rate is 0.24%. Understanding how these cities compare with Union Grove 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 Union Grove Tax Rate
0.36%
Average Marshall County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Grove, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35175 | 0.29% | 0.33% | 0.36% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Union Grove, Alabama
In Union Grove, 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. Assessment notices in Union Grove 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 Union Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $541, specifically in the 35175 zip code.
Average Union Grove Assessed Value
$134,334
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 Union Grove, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35175 | $33,280 | $72,500 | $134,334 | $226,900 | $348,002 |
Source: Ownwell
Property Tax Bills Across Union Grove, Alabama
In Union Grove, located in Marshall County, AL, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the property's market value. For homeowners in Union Grove, the median home price is $134,334. The property tax rate in this region significantly influences the final tax bill. Several factors are considered when determining the tax bill, such as the property's assessed value and applicable exemptions. Homeowners in Union Grove can expect their property tax bills to vary widely. The 25th percentile tax bill is around $298, while the 75th percentile reaches up to $914. At the 90th percentile, homeowners might pay as much as $1,488. Compared to the national median property tax rate of 0.99%, Union Grove's property tax rates can be seen as relatively moderate. These taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby enhancing the community's overall quality of life.
Average Union Grove Tax Bill
$541
Average Marshall County Tax Bill
$654
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Grove, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35175 | $144 | $298 | $541 | $914 | $1,488 |
Source: Ownwell