Hurtsboro, Alabama Property Taxes
The median property tax rate in Hurtsboro, AL is 0.72%, which is lower than the national median of 0.99% but higher than the Alabama state median of 0.47%. With a median home value in Hurtsboro of $58,481, the typical annual property tax bill amounts to $361, significantly below the national median of $2,690. Property taxes in Hurtsboro are 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 Hurtsboro'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 Hurtsboro or another part of Russell County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hurtsboro, 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 Hurtsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hurtsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hurtsboro 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 Hurtsboro, Alabama
Property taxes in Hurtsboro, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hurtsboro is 0.72%, significantly lower than the U.S. national median of 0.99%. Local government entities within Hurtsboro set these rates annually, and they can vary across different neighborhoods. Each year, Hurtsboro 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 Hurtsboro's effective property tax rate to other areas in Russell County and the national median. For comparison, the zip code 36860 has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these areas compare with Hurtsboro provides valuable insights into the varying tax landscape across Russell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hurtsboro Tax Rate
0.72%
Average Russell County Tax Rate
0.55%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hurtsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36860 | 0.34% | 0.39% | 0.72% | 1.00% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Hurtsboro, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hurtsboro, 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 Russell 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 Hurtsboro, 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 Hurtsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Hurtsboro is $361 in the 36860 zip code, which aligns with the lowest median tax bill, highlighting the uniformity in tax assessments within the area.
Average Hurtsboro Assessed Value
$58,481
Average Russell County Assessed Value
$115,149
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hurtsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36860 | $14,096 | $29,912 | $58,481 | $103,430 | $201,169 |
Source: Ownwell
Property Tax Bills Across Hurtsboro, Alabama
In Hurtsboro, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate in Russell County is applied to this assessed value to determine the annual tax bill. Various factors influence this calculation, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Hurtsboro, the median home price is $58,481. Property tax bills can vary significantly, with the 25th percentile at $197 and the 75th percentile at $577. The 90th percentile tax bill reaches up to $972. Comparatively, the highest and lowest median tax bills in the area are both $361, specifically in the 36860 zip code. Understanding these figures is crucial for homeowners as property taxes can impact overall housing costs and financial planning. While the national median property tax rate is 0.99%, local rates in Hurtsboro may differ, affecting the final tax bill. Homeowners should stay informed about these rates to manage their property expenses effectively.
Average Hurtsboro Tax Bill
$361
Average Russell County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Hurtsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36860 | $113 | $197 | $361 | $577 | $972 |
Source: Ownwell