Eva, Alabama Property Taxes
The median property tax rate in EVA, AL is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in EVA, the typical annual property tax bill amounts to $539, well below the national median of $2,690. Property taxes in EVA 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 EVA'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 EVA 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
Eva, 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 EVA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EVA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EVA 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 Eva, Alabama
Property taxes in EVA, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in EVA is 0.34%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within EVA set these rates annually, and they can vary significantly across different neighborhoods. Each year, EVA 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 EVA's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the region is 0.50%, while the lowest median tax rate is 0.25%. Understanding how these cities compare with EVA 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 Eva Tax Rate
0.34%
Average Morgan County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eva, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35621 | 0.25% | 0.30% | 0.34% | 0.37% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Eva, Alabama
In EVA, 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 EVA, 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 EVA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $144,700, with the highest median tax bill recorded at $539 in zip code 35621.
Average Eva Assessed Value
$144,700
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 Eva, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35621 | $55,300 | $91,850 | $144,700 | $214,625 | $301,000 |
Source: Ownwell
Property Tax Bills Across Eva, Alabama
In EVA, Morgan County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in EVA stands at $144,700. To determine the tax bill, local tax rates are applied to the assessed value. The tax rate in EVA is lower than the national median property tax rate of 0.99%, resulting in relatively modest tax bills for homeowners. For example, the 25th percentile tax bill is $340, indicating that a quarter of homeowners pay less than this amount annually. On the higher end, the 75th percentile tax bill is $792, and the 90th percentile tax bill reaches $1129. This range of tax bills highlights the influence of property values and assessment practices on what homeowners owe. Factors such as property improvements and changes in market conditions can affect the assessed value, thereby impacting the tax bill. For homeowners in EVA, understanding these factors is crucial for anticipating annual property tax obligations.
Average Eva Tax Bill
$539
Average Morgan County Tax Bill
$697
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Eva, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35621 | $172 | $340 | $539 | $792 | $1,129 |
Source: Ownwell