Gallant, Alabama Property Taxes
The median property tax rate in Gallant, Alabama is 0.26%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Gallant at $140,490, the typical annual property tax bill is $356, far below the national median of $2,690. Property taxes in Gallant are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Gallant'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 Gallant or another part of St. Clair County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gallant, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$365
Ownwell’s Gallant Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gallant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gallant to provide an estimate of your property tax bill. This valuable tool offers insight into potential tax liabilities, helping you make informed financial decisions. For those interested in neighborhood-level trends, more localized information is available as you scroll down. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Gallant, Alabama
Property taxes in Gallant, Alabama, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gallant is 0.26%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Gallant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gallant 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 Gallant's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Gallant provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gallant Tax Rate
0.26%
Average St. Clair County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gallant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35972 | 0.16% | 0.20% | 0.26% | 0.29% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Gallant, Alabama
In Gallant, 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 St. Clair 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 Gallant, 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. For instance, the zip code 35972 has the highest median tax bill at $356, while other areas may vary. Being aware of these valuation processes in Gallant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gallant Assessed Value
$140,490
Average St. Clair County Assessed Value
$169,020
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gallant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35972 | $39,280 | $63,870 | $140,490 | $247,160 | $375,278 |
Source: Ownwell
Property Tax Bills Across Gallant, Alabama
In Gallant, located in St. Clair County, AL, property tax bills are determined through a combination of assessed property values and local tax rates. The assessed value is typically a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Gallant, the median home price stands at $140,490, which serves as a basis for these calculations. The tax bill can vary significantly depending on individual property assessments and the specific tax rate applied. For instance, the 25th percentile tax bill is $179, while the 75th percentile tax bill reaches $552. At the 90th percentile, homeowners might see tax bills as high as $876. These figures illustrate the range of potential property tax obligations within the area. Comparatively, with the national median property tax rate at 0.99%, Gallant's property tax bills reflect the local economic conditions and property values, impacting homeowners differently based on their property's assessed value and the corresponding tax rate.
Average Gallant Tax Bill
$356
Average St. Clair County Tax Bill
$648
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Gallant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35972 | $98 | $179 | $356 | $552 | $876 |
Source: Ownwell