Gordo, Alabama Property Taxes
The median property tax rate in Gordo, AL is 0.32%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Gordo at $127,570, the typical annual property tax bill amounts to $493, which is well below the national median of $2,690. Property taxes in Gordo are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Gordo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Gordo or another part of Pickens County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gordo, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$408
$379
Ownwell’s Gordo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gordo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gordo 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 Gordo, Alabama
Property taxes in Gordo, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordo is 0.32%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Gordo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gordo 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. Understanding how Gordo compares with other areas in Pickens County and beyond provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gordo Tax Rate
0.32%
Average Pickens County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35466 | 0.23% | 0.29% | 0.32% | 0.47% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Gordo, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gordo, 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 Pickens 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 Gordo, 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 Gordo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 35466 has the highest and lowest median tax bill, both at $493, highlighting the localized nature of property tax burdens.
Average Gordo Assessed Value
$127,570
Average Pickens County Assessed Value
$97,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gordo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35466 | $52,084 | $82,525 | $127,570 | $190,640 | $268,504 |
Source: Ownwell
Property Tax Bills Across Gordo, Alabama
In Gordo, Pickens County, AL, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For instance, with a median home price of $127,570, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors influencing the tax bill include the property's assessed value, local tax rates, and any eligible exemptions. Tax bills in Gordo range significantly, with the 25th percentile at $305 and the 75th percentile at $755. The 90th percentile tax bill can reach up to $998, reflecting higher-valued properties or fewer exemptions. Compared to the national median property tax rate of 0.99%, Gordo's property taxes can be relatively modest. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Gordo Tax Bill
$493
Average Pickens County Tax Bill
$403
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35466 | $182 | $305 | $493 | $755 | $998 |
Source: Ownwell