Elrod, Tuscaloosa County, Alabama Property Taxes
Median ELROD, AL effective property tax rate: 0.24%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median ELROD, AL home value: $113,200
Median annual ELROD, AL tax bill: $327, $2,073 lower than the national median property tax bill of $2,400.
How are property taxes in Tuscaloosa calculated?
Property taxes in ELROD, 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 ELROD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ELROD, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elrod, Tuscaloosa County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.24%
Estimate Property Tax Bill
$272
$252
Property Tax Rates Across Elrod, Tuscaloosa County, Alabama
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting these rates and budgets, this is essentially the annual process.
In Elrod, located in county 01125, Alabama, property owners experience a property tax rate of 0.24%, which is significantly lower than the national median of 1.02%. This low rate is reflective of the broader trend in Alabama, where property tax rates tend to be among the lowest in the country. The median property tax bill in Alabama is also considerably lower compared to the national median of $2,400. This makes Elrod an attractive location for property owners looking to minimize their tax burden. Comparing Elrod’s effective property tax rate to other cities in Alabama and the U.S. showcases its affordability and highlights the benefits of owning property in this region.
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 Elrod Tax Rate
0.24%
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 Tuscaloosa County Tax Rate
0.46%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elrod, Tuscaloosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35458 | 0.15% | 0.20% | 0.24% | 0.53% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Elrod, Tuscaloosa County, Alabama
When examining property taxes in Elrod, 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 Tuscaloosa County Assessor 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 Tuscaloosa 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 Elrod. For example, the median home price in Elrod is $113,200, with tax bills ranging significantly across the county. Zip code 35458 has the highest median home price at $113,200.
Property Tax Assessment Values Across Elrod, Tuscaloosa County, Alabama
Source: Ownwell
$82,350
$203,650
$324,950
Median Elrod Market Value
$113,200
Median Tuscaloosa County Market Value
$160,600
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elrod, Tuscaloosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35458 | $41,600 | $68,925 | $113,200 | $184,950 | $328,050 |
Source: Ownwell
Property Tax Bills Across Elrod, Tuscaloosa County, Alabama
In Elrod, located in Tuscaloosa County, Alabama, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local property tax rate is then applied to this assessed value to determine the annual tax bill. Various factors, such as changes in market conditions and local government budgets, can influence these assessments, impacting homeowners' tax obligations. With a median home price of $113,200, property tax bills in Elrod can range significantly, from the 25th percentile at $173 to the 90th percentile at $896. This variance highlights the importance of understanding your property's assessed value and ensuring its accuracy.
Ownwell specializes in helping homeowners navigate the complexities of property tax assessments. By providing expert analysis and representation, Ownwell can identify potential savings and appeal inaccurate assessments, potentially lowering your tax bill. This service is particularly valuable in a region like Elrod, where the median tax bill is $327, offering homeowners the opportunity to ensure they are not overpaying.
Median Elrod Tax Bill
$327
Median Tuscaloosa County Tax Bill
$736
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Elrod, Tuscaloosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35458 | $74 | $173 | $327 | $568 | $896 |
Source: Ownwell