Riverside, Alabama Property Taxes
The median property tax rate in Riverside, Alabama is 0.39%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Riverside at $187,250, the typical annual property tax bill reaches $756, which is well below the national median of $2,690. Property taxes in Riverside 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 Riverside'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 Riverside 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
Riverside, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$730
Ownwell’s Riverside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riverside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riverside 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 Riverside, Alabama
Property taxes in Riverside, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Riverside is 0.39%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Riverside set these rates annually, and they can vary considerably across different neighborhoods. Each year, Riverside 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 Riverside'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 significantly above Riverside's rate, while some areas have even lower rates. Understanding how these cities compare with Riverside 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 Riverside Tax Rate
0.39%
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 Riverside, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35135 | 0.33% | 0.38% | 0.39% | 0.41% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Riverside, Alabama
In Riverside, 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 Riverside, 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 Riverside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Interestingly, Riverside’s highest and lowest median tax bills both stand at $756, found in the zip code 35135. This figure sits below the national median property tax rate of 0.99%, reflecting the relatively lower tax burden in this region.
Average Riverside Assessed Value
$187,250
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 Riverside, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35135 | $54,220 | $110,200 | $187,250 | $246,400 | $312,938 |
Source: Ownwell
Property Tax Bills Across Riverside, Alabama
In Riverside, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the property's market value. Once the assessed value is established, the property tax rate, or millage rate, is applied to calculate the annual tax bill. For Riverside, the median home price is $187,250, and the property tax rate in St. Clair County influences the final tax amount. Homeowners in Riverside can expect their property tax bills to vary significantly. The 25th percentile tax bill is approximately $468, while the 75th percentile reaches $994, and the 90th percentile can be as high as $1302. Compared to the national median property tax rate of 0.99%, Riverside's tax rates may offer some relief to homeowners, potentially making it a more affordable option. However, the exact impact on individual homeowners will depend on their property's assessed value and the specific millage rate applied.
Average Riverside Tax Bill
$756
Average St. Clair County Tax Bill
$648
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Riverside, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35135 | $226 | $468 | $756 | $994 | $1,302 |
Source: Ownwell