Rainsville, Alabama Property Taxes
The median property tax rate in Rainsville, AL is 0.37%, which is notably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $132,020 in Rainsville, the typical annual property tax bill amounts to $549, significantly below the national median of $2,690. Property taxes in Rainsville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Rainsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rainsville or another part of DeKalb County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rainsville, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Rainsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rainsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rainsville 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 Rainsville, Alabama
Property taxes in Rainsville, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rainsville is 0.37%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Rainsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rainsville 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 Rainsville'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 0.66%, while the lowest median tax rate is 0.16%. Understanding how these cities compare with Rainsville provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rainsville Tax Rate
0.37%
Average Dekalb County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rainsville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35986 | 0.28% | 0.33% | 0.37% | 0.60% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Rainsville, Alabama
In Rainsville, 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 DeKalb 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 Rainsville, 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 in Rainsville is $132,020, with tax bills ranging from $282 at the 25th percentile to $1,284 at the 90th percentile. Interestingly, the highest and lowest median tax bills are both found in zip code 35986, standing at $549. 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 Rainsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rainsville Assessed Value
$132,020
Average Dekalb County Assessed Value
$106,260
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rainsville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35986 | $31,496 | $76,600 | $132,020 | $198,080 | $295,696 |
Source: Ownwell
Property Tax Bills Across Rainsville, Alabama
In Rainsville, located in DeKalb County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. Homeowners in Rainsville experience a median tax bill of $549. This figure is derived by applying the local tax rate to the assessed value of properties. The assessed value typically represents a fraction of the market value, ensuring taxes are not overly burdensome. Factors influencing the tax bill include the market value of the property, local tax rates, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill in Rainsville is $282, while the 75th percentile reaches $837, illustrating the range of tax burdens based on property values and exemptions. This system affects homeowners by creating a predictable, yet variable, tax responsibility that can influence decisions on property purchases and investments. Compared to the national median property tax rate of 0.99%, Rainsville's rates provide a relatively affordable tax environment for homeowners.
Average Rainsville Tax Bill
$549
Average Dekalb County Tax Bill
$412
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Rainsville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35986 | $103 | $282 | $549 | $837 | $1,284 |
Source: Ownwell