Northport, Alabama Property Taxes
The median property tax rate in Northport, AL is 0.38%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Northport at $187,050, the typical annual property tax bill amounts to $758, which is well below the national median of $2,690. Property taxes in Northport 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 Northport'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 Northport 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
Northport, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$711
$660
Ownwell’s Northport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Northport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Northport 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 Northport, Alabama
Property taxes in Northport, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Northport is 0.38%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Northport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Northport 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 Northport's effective property tax rate to other areas in Alabama and the national median. For comparison, the 35476 zip code has the highest median property tax rate of 0.71%, which is still lower than the national median. Understanding how these areas compare with Northport 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 Northport Tax Rate
0.38%
Average Tuscaloosa County Tax Rate
0.46%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Northport, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35473 | 0.27% | 0.34% | 0.36% | 0.40% | 0.77% |
| 35475 | 0.24% | 0.32% | 0.38% | 0.41% | 0.62% |
| 35476 | 0.31% | 0.34% | 0.71% | 0.77% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Northport, Alabama
In Northport, 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 Northport, 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 Northport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Northport, the zip code with the highest median tax bill is 35475 at $945, while the lowest is 35476 at $491.
Average Northport Assessed Value
$187,050
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 Northport, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35473 | $90,700 | $138,400 | $180,000 | $236,500 | $304,320 |
| 35475 | $83,680 | $167,300 | $244,900 | $339,700 | $428,960 |
| 35476 | $44,160 | $69,775 | $96,100 | $128,000 | $160,240 |
Source: Ownwell
Property Tax Bills Across Northport, Alabama
In Northport, located in Tuscaloosa County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local property tax rate. The median home price in Northport is $187,050. Homeowners in Northport can expect property tax bills to vary significantly, with the 25th percentile tax bill at $467 and the 75th percentile tax bill at $1,141. The 90th percentile tax bill can go up to $1,607, indicating a range of potential tax liabilities. The highest median tax bill in the area is $945 in the 35475 zip code, while the lowest median tax bill is $491 in the 35476 zip code. These figures illustrate the variability in property taxes within the city. Compared to the national median property tax rate of 0.99%, Northport's rates and resulting tax bills can be more favorable for homeowners, making it an attractive location for those looking to manage their property tax expenses effectively.
Average Northport Tax Bill
$758
Average Tuscaloosa County Tax Bill
$736
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Northport, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35473 | $322 | $510 | $712 | $983 | $1,395 |
| 35475 | $220 | $541 | $945 | $1,377 | $1,897 |
| 35476 | $226 | $327 | $491 | $756 | $925 |
Source: Ownwell