Slocomb, Geneva County, Alabama Property Taxes
Median Slocomb, AL effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Slocomb, AL home value: $104,800
Median annual Slocomb, AL tax bill: $406, $1,994 lower than the national median property tax bill of $2,400.
How are property taxes in Geneva County calculated?
Property taxes in Slocomb, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Slocomb’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Slocomb, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Slocomb, Geneva County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.37%
Estimate Property Tax Bill
$388
$360
Property Tax Rates Across Slocomb, Geneva County, Alabama
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Slocomb’s effective property tax rate to other cities in Alabama and the median property tax rates in Alabama and the U.S. Slocomb, located in Geneva County, has an effective property tax rate of 0.37%, which is significantly lower than the national median of 1.02%. This makes Slocomb an attractive location for property owners seeking lower tax rates. The median property tax bill in Slocomb is also likely to be considerably less than the national median of $2400, offering further financial relief to homeowners. Comparing these rates highlights the affordability of owning property in Slocomb, making it an appealing choice for those looking to minimize their property tax expenses.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Slocomb Tax Rate
0.37%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Geneva County Tax Rate
0.35%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Slocomb, Geneva County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36375 | 0.20% | 0.31% | 0.37% | 0.64% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Slocomb, Geneva County, Alabama
When examining property taxes in Slocomb, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Geneva County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Geneva County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Slocomb. For example, the median home price in Slocomb is $104,800, with tax bills ranging significantly across the county. The zip code 36375 has the highest median home price at $104,800.
Property Tax Assessment Values Across Slocomb, Geneva County, Alabama
Source: Ownwell
$55,400
$105,500
$155,600
Median Slocomb Market Value
$104,800
Median Geneva County Market Value
$100,900
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Slocomb, Geneva County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36375 | $35,880 | $62,900 | $104,800 | $177,900 | $271,820 |
Source: Ownwell
Property Tax Bills Across Slocomb, Geneva County, Alabama
Median Slocomb Tax Bill
$406
Median Geneva County Tax Bill
$373
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Slocomb, Geneva County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36375 | $142 | $240 | $406 | $655 | $943 |
Source: Ownwell