Daviston, Alabama Property Taxes
The median property tax rate in Daviston, 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 Daviston at $92,800, the typical annual property tax bill is $268, far below the national median of $2,690. Property taxes in Daviston are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Daviston'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 Daviston or another part of Tallapoosa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daviston, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$278
$258
Ownwell’s Daviston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Daviston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daviston 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 Daviston, Alabama
Property taxes in Daviston, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daviston is 0.30%, which is significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Daviston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daviston 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 Daviston'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 0.66%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Daviston 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 Daviston 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 Daviston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36256 | 0.19% | 0.25% | 0.30% | 0.34% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Daviston, Alabama
In Daviston, 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 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. 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 Daviston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Daviston are both $268, found in zip code 36256.
Average Daviston Assessed Value
$92,800
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 Daviston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36256 | $34,550 | $55,925 | $92,800 | $157,975 | $246,250 |
Source: Ownwell
Property Tax Bills Across Daviston, Alabama
In Daviston, Tallapoosa County, AL, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value. The median home price in Daviston is $92,800. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as local tax rates and any applicable exemptions can influence the final amount. For example, the tax bill for the 25th percentile is $162, while the 75th percentile rises to $468, and the 90th percentile reaches $691. Compared to the national median property tax rate of 0.99%, homeowners in Daviston generally experience lower property tax bills. This can be beneficial for homeowners as it reduces their annual financial burden. However, it also means that local funding for services such as schools and infrastructure may be more limited, impacting community resources. Understanding these factors helps homeowners in Daviston anticipate their property tax responsibilities and budget accordingly.
Average Daviston Tax Bill
$268
Average Tallapoosa County Tax Bill
$472
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Daviston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36256 | $99 | $162 | $268 | $468 | $691 |
Source: Ownwell