Eldridge, Walker County, Alabama Property Taxes
The median property tax rate in Eldridge, AL is 0.24%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Eldridge at $96,000, the typical annual property tax bill is $256, well below the national median of $2,690. Property taxes in Eldridge are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Eldridge'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 Eldridge 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
Eldridge, Walker County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$230
$214
Ownwell’s Eldridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eldridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eldridge 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 Eldridge, Walker County, Alabama
Property taxes in Eldridge, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eldridge is 0.24%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Eldridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eldridge 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 Eldridge's effective property tax rate to other counties in Alabama and the national median. Understanding how Eldridge's property tax rate compares with other areas 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 regions.
Average Eldridge Tax Rate
0.24%
Average Walker County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eldridge, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35554 | 0.15% | 0.21% | 0.24% | 0.34% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Eldridge, Walker County, Alabama
In Eldridge, 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 Walker 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 Eldridge, 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 Eldridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Eldridge is $256 in the 35554 zip code, while the lowest median tax bill is also $256 in the same zip code.
Property Tax Assessment Values Across Eldridge, Walker County, Alabama
Source: Ownwell
$37,600
$103,950
$170,300
Average Eldridge Assessed Value
$96,000
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 Eldridge, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35554 | $26,660 | $51,000 | $96,000 | $149,500 | $238,820 |
Source: Ownwell
Property Tax Bills Across Eldridge, Walker County, Alabama
In Eldridge, property tax bills are determined based on the assessed value of a property, which is a percentage of the market value. For homeowners in Walker County, the median home price is $96,000. The property tax rate in this area influences the final tax bill, which varies significantly. For example, the 25th percentile tax bill is $129, while the 75th percentile tax bill reaches $400. At the 90th percentile, homeowners can expect to pay around $639. Factors such as property location, size, and improvements play a crucial role in determining the assessed value. Compared to the national median property tax rate of 0.99%, Eldridge's property tax rates can offer a more affordable option for homeowners. However, the impact on homeowners varies; those with higher-valued properties or in higher tax brackets will see larger tax bills. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Eldridge Tax Bill
$256
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Eldridge, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35554 | $58 | $129 | $256 | $400 | $639 |
Source: Ownwell