Owens Cross Roads, Madison County, Alabama Property Taxes
Median Owens Cross Roads, AL effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but higher than the Alabama state median of 0.47%.
Median Owens Cross Roads, AL home value: $356,300
Median annual Owens Cross Roads, AL tax bill: $2,110, $290 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Owens Cross Roads, 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 Owens Cross Roads’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Owens Cross Roads, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Owens Cross Roads, Madison County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$2,031
$1,885
Property Tax Rates Across Owens Cross Roads, Madison County, Alabama
Local government entities determine property tax rates, leading to significant variations within a state. This is because each year, counties like Madison in Alabama estimate their budgetary needs for public services and divide this by the total value of all taxable properties within their boundaries. This process determines the property tax rate. Although votes and laws play a role, this is the essential annual procedure.
In Owens Cross Roads, located in Madison County, the effective property tax rate is 0.57%. This rate is significantly lower than the national median property tax rate of 1.02%, reflecting Alabama's generally lower property tax landscape. Compared to other cities in Alabama, Owens Cross Roads maintains a consistent rate, as evidenced by the uniformity in the highest and lowest median tax rates within its zip code, 35763. This consistency can be appealing to homeowners seeking predictability in their property tax bills.
For residents of Owens Cross Roads, the property tax rate offers a financial advantage, with property tax bills likely to be considerably lower than the national median bill of $2,400. This makes Owens Cross Roads an attractive option for those looking to manage their property tax expenses effectively.
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 Owens Cross Roads Tax Rate
0.57%
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 Madison County Tax Rate
0.56%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Owens Cross Roads, Madison County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35763 | 0.38% | 0.51% | 0.57% | 0.57% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Owens Cross Roads, Madison County, Alabama
When examining property taxes in Owens Cross Roads, AL, 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 Madison 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 Madison 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 Owens Cross Roads. For example, the median home price in Owens Cross Roads is $356,300, with tax bills ranging significantly across the county. 35763 has the highest median home price at $356,300.
Property Tax Assessment Values Across Owens Cross Roads, Madison County, Alabama
Source: Ownwell
$97,250
$226,775
$356,300
Median Owens Cross Roads Market Value
$356,300
Median Madison County Market Value
$243,200
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Owens Cross Roads, Madison County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35763 | $168,100 | $261,000 | $356,300 | $473,900 | $588,180 |
Source: Ownwell
Property Tax Bills Across Owens Cross Roads, Madison County, Alabama
Median Owens Cross Roads Tax Bill
$2,110
Median Madison County Tax Bill
$1,321
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Owens Cross Roads, Madison County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35763 | $720 | $1,458 | $2,110 | $2,857 | $3,606 |
Source: Ownwell