Odenville, Alabama Property Taxes
The median property tax rate in Odenville, AL is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Odenville at $165,560, the typical annual property tax bill is $591, well below the national median of $2,690. Property taxes in Odenville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Odenville'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 Odenville 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
Odenville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$546
Ownwell’s Odenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Odenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Odenville 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 Odenville, Alabama
Property taxes in Odenville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Odenville is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Odenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Odenville 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. Understanding how Odenville's effective property tax rate compares to other areas 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 Odenville Tax Rate
0.33%
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 Odenville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35120 | 0.24% | 0.30% | 0.33% | 0.36% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Odenville, Alabama
In Odenville, 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 Odenville, 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 Odenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $591.00, found in zip code 35120.
Average Odenville Assessed Value
$165,560
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 Odenville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35120 | $45,100 | $81,825 | $165,560 | $222,660 | $288,482 |
Source: Ownwell
Property Tax Bills Across Odenville, Alabama
In Odenville, located in St. Clair County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Odenville is $165,560. The assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in Odenville experience tax bills that can vary significantly. For instance, the 25th percentile tax bill is $301, while the 75th percentile tax bill is $822, and the 90th percentile tax bill reaches $1,136. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Odenville's property tax bills are relatively moderate. The highest and lowest median tax bills in the area are both $591, indicating a level of consistency within the zip code 35120. Homeowners should be mindful of these factors as they can impact their annual expenses and overall financial planning.
Average Odenville Tax Bill
$591
Average St. Clair County Tax Bill
$648
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Odenville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35120 | $128 | $301 | $591 | $822 | $1,136 |
Source: Ownwell