Pittsview, Alabama Property Taxes
The median property tax rate in Pittsview, AL is 0.43%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Pittsview at $86,902, the typical annual property tax bill amounts to $407, well below the national median of $2,690. Property taxes in Pittsview are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Pittsview'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 Pittsview 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
Pittsview, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$374
$347
Ownwell’s Pittsview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pittsview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pittsview 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 Pittsview, Alabama
Property taxes in Pittsview, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pittsview is 0.43%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Pittsview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pittsview 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 Pittsview's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36871 has both the highest and lowest median property tax rate of 0.43%. Understanding how these cities compare with Pittsview 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 Pittsview Tax Rate
0.43%
Average Russell County Tax Rate
0.55%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pittsview, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36871 | 0.26% | 0.36% | 0.43% | 0.77% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Pittsview, Alabama
In Pittsview, 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 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 Pittsview, 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 Pittsview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Pittsview is $407.00, found in zip code 36871, while the lowest median tax bill is also $407.00 in the same zip code.
Average Pittsview Assessed Value
$86,902
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 Pittsview, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36871 | $19,357 | $43,904 | $86,902 | $167,472 | $303,650 |
Source: Ownwell
Property Tax Bills Across Pittsview, Alabama
In Pittsview, located in Russell County, AL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Pittsview is $86,902. Property tax rates in this region are relatively low compared to the national median property tax rate of 0.99%. For instance, the tax bill at the 25th percentile is $189, while at the 75th percentile, it rises to $739. At the 90th percentile, homeowners might see tax bills as high as $1,241. These figures illustrate the range of property tax obligations that homeowners in Pittsview might encounter. Factors such as property improvements, local tax rates, and any applicable exemptions can influence the final tax bill. Understanding these elements is crucial for homeowners as it directly impacts their annual financial planning and the affordability of homeownership in the area. With the highest and lowest median tax bills both at $407 in the 36871 zip code, Pittsview offers a relatively predictable tax environment for its residents.
Average Pittsview Tax Bill
$407
Average Russell County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Pittsview, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36871 | $94 | $189 | $407 | $739 | $1,241 |
Source: Ownwell