Dadeville, Alabama Property Taxes
The median property tax rate in Dadeville, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Dadeville at $284,000, the typical annual property tax bill amounts to $999, which is well below the national median of $2,690. Property taxes in Dadeville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dadeville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dadeville or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dadeville, 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 Dadeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dadeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dadeville 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 Dadeville, Alabama
Property taxes in Dadeville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dadeville is 0.30%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Dadeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dadeville 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 Dadeville'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 found in Shelby County at 0.64%, while the lowest is in Crenshaw County at 0.16%. Understanding how these counties compare with Dadeville provides valuable insights into the varying tax landscape across Tallapoosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dadeville Tax Rate
0.30%
Average Tallapoosa County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dadeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36853 | 0.23% | 0.30% | 0.30% | 0.37% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Dadeville, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dadeville, Alabama. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Tallapoosa 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 Dadeville, 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 Dadeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 36853 has both the highest and lowest median tax bills, each at $999.
Average Dadeville Assessed Value
$284,000
Average Tallapoosa County Assessed Value
$120,950
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dadeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36853 | $47,350 | $111,775 | $284,000 | $487,500 | $663,900 |
Source: Ownwell
Property Tax Bills Across Dadeville, Alabama
In Dadeville, property tax bills are calculated based on the assessed value of a home, which is determined by the Tallapoosa County tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate. For homeowners in Dadeville, the median home price is $284,000. Property tax bills can vary significantly, with the 25th percentile at $399 and the 75th percentile reaching $1,624. The 90th percentile sees tax bills as high as $2,629. Homeowners in Dadeville should be aware that these tax bills can impact their overall cost of living and financial planning. While the highest and lowest median tax bills in the area both stand at $999 in the 36853 zip code, the national median property tax rate is 0.99%, offering a point of comparison for understanding local rates. Factors such as property improvements and changes in market conditions can also influence annual tax bills.
Average Dadeville Tax Bill
$999
Average Tallapoosa County Tax Bill
$472
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Dadeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36853 | $175 | $399 | $999 | $1,624 | $2,629 |
Source: Ownwell