Dora, Walker County, Alabama Property Taxes
The median property tax rate in Dora, AL is 0.33%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Dora, the typical annual property tax bill reaches $295, significantly below the national median of $2,690. Property taxes in Dora are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dora'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 Dora 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
Dora, Walker County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$272
$252
Ownwell’s DORA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DORA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DORA 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 Dora, Walker County, Alabama
Property taxes in DORA, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in DORA is 0.33%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within DORA set these rates annually, and they can vary significantly across different neighborhoods. Each year, DORA 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 DORA's effective property tax rate to other counties in Alabama and the national median. For comparison, ZIP code 35203 has the highest median property tax rate of 0.89%, while ZIP code 35213 has the lowest median tax rate of 0.33%. Understanding how these cities compare with DORA provides valuable insights into the varying tax landscape across Walker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dora Tax Rate
0.33%
Average Walker County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dora, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35062 | 0.20% | 0.25% | 0.33% | 0.51% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Dora, Walker County, Alabama
In DORA, 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 local 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 DORA, 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 DORA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in DORA is $82,400, with tax bills ranging from the 25th percentile at $143 to the 90th percentile at $905. The highest and lowest median tax bill in the area is $295, found in zip code 35062.
Property Tax Assessment Values Across Dora, Walker County, Alabama
Source: Ownwell
$37,600
$103,950
$170,300
Average Dora Assessed Value
$82,400
Average Walker County Assessed Value
$97,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dora, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35062 | $20,460 | $40,350 | $82,400 | $170,000 | $274,200 |
Source: Ownwell
Property Tax Bills Across Dora, Walker County, Alabama
In DORA, located in Walker County, AL, property tax bills are calculated based on the assessed value of a 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. For instance, with a median home price of $82,400, homeowners can expect varying tax bills depending on their property’s specific assessment and applicable exemptions. Factors such as property improvements, neighborhood changes, and local economic conditions can influence the assessed value. Homeowners in DORA typically see tax bills ranging from $143 at the 25th percentile to $905 at the 90th percentile. The median tax bill in the area is notably lower than the national median property tax rate of 0.99%, making it relatively affordable for residents. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Dora Tax Bill
$295
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Dora, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35062 | $69 | $143 | $295 | $553 | $905 |
Source: Ownwell