Grant, Marshall County, Alabama Property Taxes

Local government entities set tax rates, which can vary widely within a state. Annually, 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 Grant’s effective property tax rate to other cities in Alabama and the median property tax rates in Alabama and the U.S.

In Grant, located in Marshall County, property owners benefit from a notably low median property tax rate of 0.40%. This is significantly below the national median property tax rate of 1.02%. Despite the potential for variation in tax rates across the state, Grant maintains a consistent rate, offering property owners a stable and predictable tax environment. This lower rate can lead to substantial savings for property owners compared to those in other parts of the country. Understanding these tax dynamics can empower property owners in Grant to make informed financial decisions and potentially appeal for even lower tax assessments if they believe their property's assessed value is too high.

In Grant, located in Marshall County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in the area is $162,000, and the property tax bill can vary significantly. For example, homeowners might pay around $433 at the 25th percentile, while those at the 75th percentile could see bills as high as $1,231. At the 90th percentile, the tax bill can reach up to $1,914. This variation highlights the importance of accurate assessments and the impact they have on homeowners.

The property tax rate in Grant is notably lower than the national median rate of 1.02%, making it an attractive location for homeowners. However, even with lower rates, ensuring that your property is assessed fairly can lead to significant savings. Ownwell specializes in property tax appeal and exemption services, helping homeowners navigate the complexities of property tax assessments. By leveraging expertise and local market knowledge, Ownwell can assist homeowners in potentially reducing their property tax liabilities, ensuring they only pay what is fair.