Jasper, Alabama Property Taxes
The median property tax rate in Jasper, Alabama is 0.28%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value of $179,420 in Jasper, the typical annual property tax bill amounts to $706, which is well below the national median of $2,690. Property taxes in Jasper are calculated based on the tax assessed value, often lower than the market value due to exemptions like 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
0.28%
Estimate Property Tax Bill
$502
$466
Ownwell’s Jasper Property Tax Bill Calculator assists homeowners, real estate investors, and potential property buyers in estimating 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 provide an estimate of your property tax bill. This valuable 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 Jasper, Alabama
Property taxes in Jasper, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jasper is 0.28%, 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 35501 zip code has the highest median property tax rate of 0.56%, while the 35504 zip code 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
0.28%
Average Winston County Tax Rate
0.28%
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 | 0.28% | 0.28% | 0.56% | 0.56% | 0.56% |
| 35503 | 0.21% | 0.26% | 0.28% | 0.56% | 0.56% |
| 35504 | 0.28% | 0.31% | 0.45% | 0.56% | 0.56% |
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. In Jasper, 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. Jasper's median home price stands at $179,420, with tax bills varying significantly across the city. The highest median tax bill is $818 in the 35503 zip code, while the lowest median tax bill is $251 in the 35501 zip code. 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
$179,420
Average Winston County Assessed Value
$114,100
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 | $18,008 | $31,820 | $59,080 | $186,440 | $273,248 |
| 35503 | $22,148 | $88,100 | $222,660 | $350,640 | $600,028 |
| 35504 | $20,964 | $30,725 | $108,650 | $156,365 | $258,766 |
Source: Ownwell
Property Tax Bills Across Jasper, Alabama
In Jasper, Winston County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Jasper is $179,420. To determine the tax bill, the assessed value is multiplied by the local tax rate. For instance, property tax bills in Jasper range significantly, from the 25th percentile at $264 to the 90th percentile at $1,963. The highest median tax bill in the area is $818 in zip code 35503, while the lowest is $251 in zip code 35501. These variations are influenced by factors such as property location, home size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Jasper's tax rates offer a relatively affordable option for homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Jasper Tax Bill
$706
Average Winston County Tax Bill
$384
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 | $90 | $96 | $251 | $846 | $1,044 |
| 35503 | $93 | $279 | $818 | $1,724 | $2,076 |
| 35504 | $88 | $185 | $408 | $729 | $924 |
Source: Ownwell