Parrish, Walker County, Alabama Property Taxes
The median property tax rate in Parrish, AL is 0.24%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value of $78,900 in Parrish, the typical annual property tax bill is $216, which is well below the national median of $2,690. Property taxes in Parrish are determined based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Parrish's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Parrish 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
Parrish, Walker County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$189
$176
Ownwell’s Parrish Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parrish with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parrish 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 Parrish, Walker County, Alabama
Property taxes in Parrish, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parrish is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Parrish set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parrish 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 Parrish's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35203 zip code has the highest median property tax rate of 0.75%, while the 35401 zip code has the lowest median tax rate of 0.33%. Understanding how these cities compare with Parrish 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 Parrish 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 Parrish, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35580 | 0.15% | 0.20% | 0.24% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Parrish, Walker County, Alabama
In Parrish, 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 Parrish, 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. For instance, the highest median tax bill in Parrish is $216 in the zip code 35580, while the lowest is also $216 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Parrish, Walker County, Alabama
Source: Ownwell
$37,600
$103,950
$170,300
Average Parrish Assessed Value
$78,900
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 Parrish, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35580 | $21,100 | $41,400 | $78,900 | $142,900 | $202,500 |
Source: Ownwell
Property Tax Bills Across Parrish, Walker County, Alabama
In Parrish, located in Walker County, AL, property tax bills are determined by assessing the market value of a home and then applying the local property tax rate to this value. The median home price in Parrish is $78,900, which serves as a basis for calculating the tax bill. The assessed value is typically a percentage of the market value, and this figure is then multiplied by the tax rate to arrive at the annual property tax bill. Several factors influence the final tax bill, including the home's assessed value, any applicable exemptions, and the local tax rate. For homeowners in Parrish, the 25th percentile tax bill is $106, while the 75th percentile reaches $380. The 90th percentile tax bill can go as high as $638. These figures indicate that property taxes can vary significantly based on a home's assessed value and applicable exemptions. Understanding how property tax bills are calculated helps homeowners budget effectively and plan for these annual expenses, ensuring they are prepared for the financial responsibilities of owning property in Parrish.
Average Parrish Tax Bill
$216
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Parrish, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35580 | $51 | $106 | $216 | $380 | $638 |
Source: Ownwell