Seale, Russell County, Alabama Property Taxes
The median property tax rate in Seale, AL is 0.36%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Seale at $113,884, the typical annual property tax bill is $479, well below the national median of $2,690. Property taxes in Seale are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Seale'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 Seale 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
Seale, Russell County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$410
$380
Ownwell’s SEALE Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in SEALE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SEALE to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Seale, Russell County, Alabama
Property taxes in SEALE, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in SEALE is 0.36%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within SEALE set these rates annually, and they can vary significantly across different neighborhoods. Each year, SEALE 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 SEALE'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 ZIP code 35203 at 0.78%, while the lowest median tax rate is in ZIP code 36801 at 0.24%. Understanding how these cities compare with SEALE 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 Seale Tax Rate
0.36%
Average Russell County Tax Rate
0.55%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seale, Russell County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36875 | 0.24% | 0.36% | 0.36% | 0.74% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Seale, Russell County, Alabama
In SEALE, 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. Assessment notices in SEALE 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 SEALE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bill in SEALE is $479, found in the 36875 zip code.
Property Tax Assessment Values Across Seale, Russell County, Alabama
Source: Ownwell
$7,000
$75,470
$143,939
Average Seale Assessed Value
$113,884
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 Seale, Russell County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36875 | $31,989 | $57,976 | $113,884 | $220,583 | $327,847 |
Source: Ownwell
Property Tax Bills Across Seale, Russell County, Alabama
In Seale, located in Russell County, Alabama, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, and in Alabama, this percentage is typically 10% for residential properties. Once the assessed value is determined, the local tax rate, or millage rate, is applied to calculate the tax bill. For homeowners in Seale, the median home price is approximately $113,884. This results in a range of property tax bills. At the 25th percentile, homeowners might see a tax bill around $236, while those at the 75th percentile could face bills closer to $853. The 90th percentile tax bill can reach up to $1,285. These variations depend on factors such as property location, size, and improvements. Compared to the national median property tax rate of 0.99%, Russell County’s rates can significantly impact homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Seale Tax Bill
$479
Average Russell County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Seale, Russell County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36875 | $109 | $236 | $479 | $853 | $1,285 |
Source: Ownwell