Hoover, Shelby County, Alabama Property Taxes
The median property tax rate in Hoover, AL is 0.66%, which is lower than the national median of 0.99% but higher than the Alabama state median of 0.47%. With the median home value in Hoover at $384,000, the typical annual property tax bill amounts to $2,462, falling below the national median of $2,690. Property taxes in Hoover are calculated based on the tax assessed value, which often is lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Hoover'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 Hoover 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
Hoover, Shelby County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$2,534
$2,352
Ownwell’s Hoover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hoover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hoover 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 Hoover, Shelby County, Alabama
Property taxes in Hoover, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hoover is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Hoover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hoover 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 Hoover's effective property tax rate to other areas in Shelby County and the national median. For comparison, the 35242 zip code has the highest median property tax rate of 0.66%, while the 35226 zip code has the lowest median tax rate of 0.53%. Understanding how these areas compare with Hoover provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hoover Tax Rate
0.66%
Average Shelby County Tax Rate
0.48%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hoover, Shelby County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35022 | 0.42% | 0.48% | 0.66% | 0.66% | 0.66% |
| 35080 | 0.41% | 0.60% | 0.66% | 0.66% | 0.66% |
| 35124 | 0.55% | 0.65% | 0.65% | 0.65% | 0.66% |
| 35216 | 0.55% | 0.65% | 0.66% | 0.66% | 0.66% |
| 35226 | N/A | N/A | N/A | N/A | N/A |
| 35242 | 0.55% | 0.60% | 0.66% | 0.66% | 0.67% |
| 35244 | 0.55% | 0.64% | 0.66% | 0.66% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Hoover, Shelby County, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hoover, 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 Shelby 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 Hoover, 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. The highest median tax bill in Hoover is $3338 in the 35242 zip code, while the lowest is $1407 in the 35226 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hoover, Shelby County, Alabama
Source: Ownwell
$175,500
$572,468
$969,435
Average Hoover Assessed Value
$384,000
Average Shelby County Assessed Value
$249,060
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hoover, Shelby County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35022 | $222,742 | $332,100 | $389,400 | $442,350 | $514,504 |
| 35080 | $268,780 | $305,650 | $371,000 | $421,150 | $483,588 |
| 35124 | $237,260 | $252,850 | $277,500 | $303,575 | $332,520 |
| 35216 | $293,300 | $310,600 | $359,300 | $397,550 | $413,380 |
| 35226 | N/A | N/A | N/A | N/A | N/A |
| 35242 | $262,700 | $326,800 | $516,500 | $704,500 | $1,001,060 |
| 35244 | $211,528 | $291,680 | $376,100 | $480,500 | $628,860 |
Source: Ownwell
Property Tax Bills Across Hoover, Shelby County, Alabama
In Hoover, property tax bills are calculated based on the assessed value of a home, which is determined by the Shelby County tax assessor. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the home's market value, the local tax rate, and any applicable exemptions or deductions. For homeowners in Hoover, understanding these factors is crucial as they directly impact the amount owed. For example, the median home price in Hoover is $384,000. Property tax bills can vary significantly, with the 25th percentile at $1,815 and the 75th percentile at $3,383. The highest median tax bill in the area is $3,338 in the 35242 zip code, while the lowest is $1,407 in the 35226 zip code. Compared to the national median property tax rate of 0.99%, Hoover's property tax rates can be seen as relatively moderate, affecting homeowners' annual financial planning.
Average Hoover Tax Bill
$2,462
Average Shelby County Tax Bill
$1,229
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Hoover, Shelby County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35022 | $859 | $1,543 | $2,545 | $2,913 | $3,391 |
| 35080 | $1,211 | $1,757 | $2,343 | $2,811 | $3,295 |
| 35124 | $1,311 | $1,599 | $1,765 | $1,966 | $2,196 |
| 35216 | $1,737 | $1,958 | $2,322 | $2,534 | $2,683 |
| 35226 | N/A | N/A | N/A | N/A | N/A |
| 35242 | $1,563 | $2,025 | $3,338 | $4,518 | $6,506 |
| 35244 | $1,005 | $1,808 | $2,402 | $3,133 | $4,239 |
Source: Ownwell