Groveoak, Marshall County, Alabama Property Taxes
Median Groveoak, AL effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Groveoak, AL home value: $131,114
Median annual Groveoak, AL tax bill: $563, $1,837 lower than the national median property tax bill of $2,400.
How are property taxes in Marshall calculated?
Property taxes in Groveoak, 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 Groveoak’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Groveoak, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Groveoak, Marshall County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$472
$438
Property Tax Rates Across Groveoak, Marshall County, Alabama
Local government entities in Alabama set tax rates, which can vary widely within the state. This variation is due to each county's annual budget estimation to provide essential services, which is then divided by the total value of all taxable property in its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Groveoak, located in Marshall County, the effective property tax rate is notably lower than the national median property tax rate of 1.02%. This positions Groveoak as an attractive location for property owners seeking lower property tax burdens. The median property tax rate in Alabama is also significantly lower than the national average, making the entire state appealing for property investment. Comparing Groveoak’s rate to other cities in Alabama further highlights its competitive edge. While property tax rates are just one factor to consider when evaluating property investments, Groveoak’s favorable tax environment is a compelling reason for potential homeowners and investors to take notice.
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 Groveoak Tax Rate
0.36%
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 Marshall County Tax Rate
0.43%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Groveoak, Marshall County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35975 | 0.27% | 0.31% | 0.36% | 0.46% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Groveoak, Marshall County, Alabama
When examining property taxes in Groveoak, 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 Marshall 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 Marshall 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 Groveoak.
For example, the median home price in Groveoak is $131,114, with tax bills ranging significantly across the county. Zip code 35975 has the highest median home price at $131,114.
Property Tax Assessment Values Across Groveoak, Marshall County, Alabama
Source: Ownwell
$80,650
$233,425
$386,200
Median Groveoak Market Value
$131,114
Median Marshall County Market Value
$133,700
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Groveoak, Marshall County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35975 | $34,600 | $73,875 | $131,114 | $207,551 | $323,700 |
Source: Ownwell
Property Tax Bills Across Groveoak, Marshall County, Alabama
Median Groveoak Tax Bill
$563
Median Marshall County Tax Bill
$654
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Groveoak, Marshall County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35975 | $138 | $236 | $563 | $837 | $1,296 |
Source: Ownwell