Springville, Alabama Property Taxes
The median property tax rate in Springville, Alabama 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 Springville at $214,000, the typical annual property tax bill amounts to $709, which is well below the national median of $2,690. Property taxes in Springville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Springville'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 Springville 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
Springville, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Springville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springville 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 Springville, Alabama
Property taxes in Springville, Alabama, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Springville is 0.33%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Springville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springville 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 Springville'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 higher, while the lowest median tax rate in the state is also notably different. Understanding how these cities compare with Springville 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 Springville 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 Springville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35146 | 0.23% | 0.28% | 0.33% | 0.35% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Springville, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Springville, St. Clair County, 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 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 Springville, 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 highest median tax bill in Springville is $709 in the 35146 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Springville Assessed Value
$214,000
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 Springville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35146 | $56,200 | $131,680 | $214,000 | $290,820 | $375,104 |
Source: Ownwell
Property Tax Bills Across Springville, Alabama
In Springville, St. Clair County, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. Homeowners in Springville can expect varied tax bills. For instance, those in the 25th percentile might pay around $407 annually, whereas those in the 75th percentile could see bills as high as $1,006. The 90th percentile tax bill can reach up to $1,332. Interestingly, the median tax bill in the zip code 35146 stands at $709, which is significantly lower than the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Springville Tax Bill
$709
Average St. Clair County Tax Bill
$648
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Springville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35146 | $161 | $407 | $709 | $1,006 | $1,332 |
Source: Ownwell