Echola, Alabama Property Taxes
The median property tax rate in Echola, AL is 0.22%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value of $103,300 in Echola, the typical annual property tax bill is $274, far below the national median of $2,690. Property taxes in Echola are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Echola'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 Echola or another part of Tuscaloosa County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Echola, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.22%
Estimate Property Tax Bill
$227
$211
Ownwell’s Echola Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Echola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Echola to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Echola, Alabama
Property taxes in Echola, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Echola is 0.22%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Echola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Echola 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 Echola'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 0.43%, while the lowest median tax rate is in Crenshaw County at 0.14%. Understanding how these areas compare with Echola provides valuable insights into the varying tax landscape across Tuscaloosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Echola Tax Rate
0.22%
Average Tuscaloosa County Tax Rate
0.46%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Echola, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35457 | 0.14% | 0.19% | 0.22% | 0.26% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Echola, Alabama
In Echola, 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 Tuscaloosa 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 Echola, 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. The median home price in Echola is $103,300, with annual tax bills varying significantly. The 25th percentile tax bill is $158, while the 75th percentile tax bill reaches $593. Interestingly, the highest and lowest median tax bills are both $274, found in the 35457 zip code. Being aware of these valuation processes in Echola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Echola Assessed Value
$103,300
Average Tuscaloosa County Assessed Value
$160,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Echola, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35457 | $31,780 | $59,450 | $103,300 | $202,100 | $381,660 |
Source: Ownwell
Property Tax Bills Across Echola, Alabama
In Echola, located in Tuscaloosa County, AL, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in Echola is $103,300. Property taxes are determined by multiplying the assessed value by the local tax rate. Various factors such as property improvements, market conditions, and neighborhood characteristics influence the assessed value. For homeowners in Echola, the property tax bill can vary significantly. The tax bill at the 25th percentile is $158, while at the 75th percentile, it reaches $593. At the 90th percentile, homeowners can expect to pay around $918. The highest and lowest median tax bill in the area is $274, which is notably lower than the national median property tax rate of 0.99%. These variations in property tax bills can impact homeowners' financial planning and housing affordability, making it essential for them to understand how their tax liabilities are calculated.
Average Echola Tax Bill
$274
Average Tuscaloosa County Tax Bill
$736
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Echola, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35457 | $101 | $158 | $274 | $593 | $918 |
Source: Ownwell