Wagarville, Alabama Property Taxes
The median property tax rate in Wagarville, AL is 0.29%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Wagarville at $67,500, the typical annual property tax bill is $184, well below the national median of $2,690. Property taxes in Wagarville 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 Wagarville'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 Wagarville or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wagarville, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Wagarville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wagarville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wagarville 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 Wagarville, Alabama
Property taxes in Wagarville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wagarville is 0.29%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Wagarville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wagarville 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 Wagarville'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 zip code 35242 with a rate of 0.66%, while the lowest median tax rate is in zip code 36784 at 0.18%. Understanding how these cities compare with Wagarville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wagarville Tax Rate
0.29%
Average Washington County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wagarville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36585 | 0.19% | 0.24% | 0.29% | 0.31% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Wagarville, Alabama
In Wagarville, 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 Washington 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 Wagarville, 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. The median home price in Wagarville is $67,500, with tax bills ranging from $93 at the 25th percentile to $512 at the 90th percentile. The highest and lowest median tax bills are both $184 in zip code 36585. Being aware of these valuation processes in Wagarville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wagarville Assessed Value
$67,500
Average Washington County Assessed Value
$82,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wagarville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36585 | $19,930 | $34,250 | $67,500 | $126,500 | $187,750 |
Source: Ownwell
Property Tax Bills Across Wagarville, Alabama
In Wagarville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $67,500, the assessed value is determined by local assessment rates. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and any applicable exemptions also play a role in determining the final amount. Homeowners in Wagarville can expect varying tax bills. For example, the tax bill at the 25th percentile is $93, while at the 75th percentile, it's $357. At the 90th percentile, the tax bill can go up to $512. These figures indicate a range of tax burdens, reflecting differences in property values and assessment rates within the area. Compared to the national median property tax rate of 0.99%, Wagarville's tax rate can be seen as relatively moderate, impacting homeowners' annual financial planning and potentially influencing property affordability and market dynamics.
Average Wagarville Tax Bill
$184
Average Washington County Tax Bill
$215
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Wagarville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36585 | $56 | $93 | $184 | $357 | $512 |
Source: Ownwell