Shoal Creek, Shelby County, Alabama Property Taxes
The median property tax rate in Shoal Creek, AL is 0.44%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Shoal Creek, the typical annual property tax bill reaches $5,160, significantly exceeding the national median of $2,690. Property taxes in Shoal Creek are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shoal Creek'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 Shoal Creek 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
Shoal Creek, Shelby County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$4,266
$3,958
Ownwell’s Shoal Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shoal Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shoal Creek 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 Shoal Creek, Shelby County, Alabama
Property taxes in Shoal Creek, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shoal Creek is 0.44%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Shoal Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shoal Creek 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 Shoal Creek's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35242 has the highest median property tax rate of 0.44%, while the same zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Shoal Creek 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 Shoal Creek Tax Rate
0.44%
Average Shelby County Tax Rate
0.48%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shoal Creek, Shelby County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35242 | 0.37% | 0.43% | 0.44% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Shoal Creek, Shelby County, Alabama
In Shoal Creek, 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 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 Shoal Creek, 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 Shoal Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 35242, with a median tax bill of $5,160.
Property Tax Assessment Values Across Shoal Creek, Shelby County, Alabama
Source: Ownwell
$175,500
$572,468
$969,435
Average Shoal Creek Assessed Value
$969,435
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 Shoal Creek, Shelby County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35242 | $612,030 | $727,472 | $969,435 | $1,319,818 | $1,603,732 |
Source: Ownwell
Property Tax Bills Across Shoal Creek, Shelby County, Alabama
In Shoal Creek, located in Shelby County, AL, property tax bills are calculated based on the assessed value of your home, which is a percentage of the market value. The assessed value is then multiplied by the local property tax rate to determine the tax bill. For example, with a median home price of $969,435, homeowners can expect varying tax bills. The tax bill at the 25th percentile is around $3,749, while at the 75th percentile, it reaches approximately $6,393. At the 90th percentile, homeowners might see tax bills as high as $8,384. Factors such as property size, location, and improvements can influence the assessed value, subsequently affecting the tax bill. Compared to the national median property tax rate of 0.99%, Shoal Creek's property taxes can significantly impact homeowners' financial planning. Understanding these elements is crucial for managing expenses and anticipating future tax obligations, ensuring that homeowners are well-prepared for their annual property tax bills.
Average Shoal Creek Tax Bill
$5,160
Average Shelby County Tax Bill
$1,229
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Shoal Creek, Shelby County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35242 | $2,271 | $3,749 | $5,160 | $6,393 | $8,384 |
Source: Ownwell