Danville, Alabama Property Taxes
The median property tax rate in Danville, AL 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 $158,300 in Danville, the typical annual property tax bill is $607, which is well below the national median of $2,690. Property taxes in Danville are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Danville'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 Danville 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
Danville, 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 Danville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Danville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Danville 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 Morgan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Danville, Alabama
Property taxes in Danville, Alabama, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Danville is 0.37%, significantly lower than both the Alabama state median of 0.39% and the U.S. national median of 0.99%. Local government entities within Danville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danville 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 Danville'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 Shelby County at 0.54%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these counties compare with Danville provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Danville Tax Rate
0.37%
Average Morgan County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Danville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35619 | 0.24% | 0.32% | 0.37% | 0.40% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Danville, Alabama
In Danville, 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 Morgan 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 Danville, 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 zip code with the highest median tax bill in Danville is 35619, with a tax bill of $607. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Danville Assessed Value
$158,300
Average Morgan County Assessed Value
$149,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Danville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35619 | $66,100 | $103,400 | $158,300 | $241,450 | $350,900 |
Source: Ownwell
Property Tax Bills Across Danville, Alabama
In Danville, Morgan County, AL, property tax bills are calculated based on the assessed value of your home, which is a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine your annual tax bill. For example, with a median home price of $158,300, homeowners can expect their tax bills to vary. The 25th percentile tax bill is approximately $395, while the 75th percentile reaches about $934. At the 90th percentile, the tax bill can be as high as $1309. These variations highlight how different factors such as property location, improvements, and market conditions can influence the assessed value and, consequently, the tax bill. For homeowners, understanding these dynamics is crucial as it affects their annual financial planning. Compared to the national median property tax rate of 0.99%, Danville's tax rates are relatively moderate, providing a balanced approach to property taxation in the region.
Average Danville Tax Bill
$607
Average Morgan County Tax Bill
$697
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Danville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35619 | $248 | $395 | $607 | $934 | $1,309 |
Source: Ownwell