35654 Property Tax Rate

Property owners in ZIP code 35654 (Russellville, Alabama) pay a median of $462/year in property taxes on homes valued at $158,300. This translates to an effective tax rate of 0.29%, which is 21% below the Alabama state average of 0.37%.

The monthly property tax burden for a median-valued home in 35654 is approximately $39, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County.

Compared to similar ZIP codes in Alabama, 35654 has higher property taxes. ZIP codes with similar effective rates include 35749 (0.29%) and 35776 (0.29%).

In Russellville, property taxes represent approximately 0.8% of the median household income of $54,375, providing context for the relative tax burden on homeowners in this area.

Alabama has no statewide property tax cap; Franklin County reassesses property at market value upon sale, potentially increasing your tax burden significantly. Homeowners 65 and older earning under $12,500 annually qualify for the Homestead Exemption ($5,000 off assessed value) — file with the Franklin County Assessor by December 31 of the year you purchase. File your homestead exemption application with the Franklin County Assessor's office within 30 days of closing to lock in the lowest eligible assessment.