Vestavia Hills, Alabama Property Taxes
The median property tax rate in Vestavia Hills, AL is 0.91%, which is slightly below the national median of 0.99% but significantly higher than the Alabama state median of 0.47%. With the median home value in Vestavia Hills at $323,900, the typical annual property tax bill reaches $2,998, surpassing the national median of $2,690. Property taxes in Vestavia Hills are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Vestavia Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Vestavia Hills 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
Vestavia Hills, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,947
Ownwell’s Vestavia Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vestavia Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vestavia Hills 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 Vestavia Hills, Alabama
Property taxes in Vestavia Hills, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vestavia Hills is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Vestavia Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vestavia Hills 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 Vestavia Hills' effective property tax rate to other counties in Alabama and the national median. For comparison, the 35216 zip code has the highest median property tax rate of 0.91%, while the same 35216 zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Vestavia Hills provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vestavia Hills Tax Rate
0.91%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vestavia Hills, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35216 | 0.65% | 0.73% | 0.91% | 0.92% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Vestavia Hills, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Vestavia Hills, Alabama. 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 Jefferson County 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. Assessment notices in Vestavia Hills 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Vestavia Hills are both $2998, found in the 35216 zip code.
Property Tax Assessment Values Across Vestavia Hills, Alabama
Source: Ownwell
$3,100
$711,250
$1,419,400
Average Vestavia Hills Assessed Value
$323,900
Average Jefferson County Assessed Value
$150,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vestavia Hills, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35216 | $66,660 | $197,350 | $323,900 | $466,100 | $654,560 |
Source: Ownwell
Property Tax Bills Across Vestavia Hills, Alabama
In Vestavia Hills, Jefferson County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Vestavia Hills is $323,900. Local tax authorities determine the assessed value and apply the local tax rate to this value to calculate the tax bill. The national median property tax rate is 0.99%, but local rates can vary. Factors influencing the tax bill include the home's location, size, and market value, as well as any applicable exemptions or deductions. For example, the tax bill for homes in the 25th percentile is around $1,581, while those in the 75th percentile can expect to pay approximately $4,442. Homes in the 90th percentile have tax bills reaching up to $6,425. These property taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding how their tax bill is calculated helps in budgeting for annual expenses and recognizing the value of community investments.
Average Vestavia Hills Tax Bill
$2,998
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Vestavia Hills, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35216 | $963 | $1,581 | $2,998 | $4,442 | $6,425 |
Source: Ownwell