In some positive news this week, a recent study by Housingeconomics.com has placed Alabama as having the some of the lowest property taxes in the country. This should come as great news to those thinking of starting the search for new homes in the Hoover and Birmingham areas. The study estimates tax rate data from the American Community Survey has noted Alabama as having a median effective property tax rate of 3.33, compared to the national level of 10.35. What this means on average is the difference between $398 and $1,917 in real estate tax.
Birmingham, Montgomery, Tuscaloosa, Mobile and Huntsville were all specifically listed as having tax rates well below the national average. The tax advantage, however, is only one of many things that makes the Birmingham area so attractive to home buyers.
To read the study and original article from ACRE on AL.com, visit here. To speak directly with our team at Ross Bridge about the new homes for sale in Birmingham contact us today!