Sumiton, Alabama Property Taxes
The median property tax rate in Sumiton, AL is 0.29%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Sumiton at $94,300, the typical annual property tax bill is around $312, which is considerably less than the national median of $2,690. Property taxes in Sumiton are determined based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Sumiton'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 Sumiton 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
Sumiton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$273
Ownwell’s Sumiton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sumiton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sumiton 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 Sumiton, Alabama
Property taxes in Sumiton, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sumiton is 0.29%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Sumiton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sumiton 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 Sumiton's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in Shelby County at 0.43%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these cities compare with Sumiton 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 Sumiton Tax Rate
0.29%
Average Walker County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sumiton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35148 | 0.20% | 0.24% | 0.29% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Sumiton, Alabama
In Sumiton, 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 Sumiton, 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. For instance, the highest median tax bill in Sumiton is $312 in the 35148 zip code. 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 Sumiton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sumiton Assessed Value
$94,300
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 Sumiton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35148 | $21,330 | $49,375 | $94,300 | $146,550 | $203,790 |
Source: Ownwell
Property Tax Bills Across Sumiton, Alabama
In Sumiton, the property tax bill is calculated based on the assessed value of the home, which is a percentage of its market value. The median home price in Sumiton is $94,300. Property tax rates in Sumiton are relatively low compared to the national median property tax rate of 0.99%. Homeowners in Sumiton can expect to pay a median property tax bill of $312 annually, with the 25th percentile at $164 and the 75th percentile at $474. For those at the 90th percentile, the tax bill can reach up to $811. Several factors influence the property tax bill, including the assessed value of the home, local tax rates, and any applicable exemptions. These taxes fund essential public services such as schools, roads, and emergency services. For homeowners, understanding how these factors interplay is crucial for financial planning. Lower property taxes make Sumiton an attractive place for homebuyers, offering affordability and a reasonable cost of living compared to other regions.
Average Sumiton Tax Bill
$312
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Sumiton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35148 | $71 | $164 | $312 | $474 | $811 |
Source: Ownwell