Red Level, Alabama Property Taxes
The median property tax rate in Red Level, Alabama is 0.25%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Red Level, the typical annual property tax bill is $338, well below the national median of $2,690. Property taxes in Red Level are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Red Level's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Red Level or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Red Level, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$304
Ownwell’s Red Level Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Red Level with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Red Level to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Red Level, Alabama
Property taxes in Red Level, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Red Level is 0.25%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Red Level set these rates annually, and they can vary significantly across different neighborhoods. Each year, Red Level estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Red Level's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in Shelby County at 0.63%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these areas compare with Red Level provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Red Level Tax Rate
0.25%
Average Butler County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Red Level, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36474 | 0.17% | 0.21% | 0.25% | 0.33% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Red Level, Alabama
In Red Level, Alabama, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Butler County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Red Level, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price is $121,400, with tax bills ranging from $138 at the 25th percentile to $669 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Red Level helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Red Level Assessed Value
$121,400
Average Butler County Assessed Value
$82,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Red Level, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36474 | $56,760 | $82,300 | $121,400 | $170,300 | $187,440 |
Source: Ownwell
Property Tax Bills Across Red Level, Alabama
In Red Level, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is usually a percentage of the market value of the home. For instance, with a median home price of $121,400, property tax rates in Butler County are relatively low compared to the national median property tax rate of 0.99%. Homeowners in Red Level can expect to pay a tax bill that falls between the 25th percentile at $138 and the 90th percentile at $669. The median tax bill in the area is $338, which is quite modest in comparison to other regions. These property tax bills are influenced by various factors, including property improvements, neighborhood developments, and changes in market conditions. Understanding these factors can help homeowners anticipate their annual tax obligations and budget accordingly, ensuring they are financially prepared for their property tax responsibilities.
Average Red Level Tax Bill
$338
Average Butler County Tax Bill
$283
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Red Level, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36474 | $128 | $138 | $338 | $547 | $669 |
Source: Ownwell