Jasper, Alabama Property Taxes
The median property tax rate in Jasper, AL is 0.36%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Jasper at $125,100, the typical annual property tax bill is $417, which is far below the national median of $2,690. Property taxes in Jasper are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Jasper'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 Jasper or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jasper, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$450
Ownwell’s Jasper Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Jasper with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Jasper to project your property tax bill. This valuable tool provides insight into potential tax liabilities, helping you make informed decisions. For those interested in more granular details, neighborhood-level trends are available further down the page. Your property’s assessed value is determined by the county for tax purposes, factoring in any applicable exemptions.
Property Tax Rates Across Jasper, Alabama
Property taxes in Jasper, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jasper is 0.36%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Jasper set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jasper 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 Jasper's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35502 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Jasper 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 Jasper Tax Rate
0.36%
Average Walker County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jasper, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35501 | 0.20% | 0.31% | 0.38% | 0.80% | 0.80% |
| 35502 | 0.18% | 0.26% | 0.45% | 0.70% | 0.80% |
| 35503 | 0.16% | 0.21% | 0.26% | 0.47% | 0.51% |
| 35504 | 0.18% | 0.23% | 0.33% | 0.40% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Jasper, Alabama
In Jasper, 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. Assessment notices in Jasper 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. For instance, the median home price in Jasper is $125,100, with median tax bills ranging from $198 at the 25th percentile to $1,342 at the 90th percentile. Zip code 35504 has the highest median tax bill at $546, while 35502 has the lowest at $281. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jasper Assessed Value
$125,100
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 Jasper, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35501 | $25,500 | $46,225 | $83,250 | $148,975 | $229,980 |
| 35502 | $13,280 | $32,075 | $67,400 | $167,925 | $419,050 |
| 35503 | $30,660 | $63,100 | $120,400 | $195,300 | $289,560 |
| 35504 | $45,150 | $93,875 | $170,300 | $276,825 | $430,100 |
Source: Ownwell
Property Tax Bills Across Jasper, Alabama
In Jasper, property tax bills are determined by a combination of the assessed value of a home and the local tax rate. The median home price in the area is $125,100. Homeowners in Walker County can expect their tax bills to vary significantly based on their property's assessed value and the specific rate applied. For instance, the 25th percentile tax bill is around $198, while those in the 75th percentile pay approximately $792. At the higher end, the 90th percentile tax bill reaches up to $1,342. The property tax rate in Jasper is influenced by local government budgets and needs, which means that homeowners contribute to essential public services like schools, infrastructure, and emergency services. The highest median tax bill recorded in the area is $546 in the 35504 zip code, whereas the lowest is $281 in the 35502 zip code. Compared to the national median property tax rate of 0.99%, Jasper's rates reflect the local economic conditions and public service requirements, impacting homeowners' annual financial planning.
Average Jasper Tax Bill
$417
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Jasper, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35501 | $94 | $175 | $350 | $643 | $1,047 |
| 35502 | $76 | $130 | $281 | $740 | $1,293 |
| 35503 | $73 | $162 | $353 | $624 | $1,069 |
| 35504 | $121 | $260 | $546 | $1,013 | $1,619 |
Source: Ownwell