Heflin, Alabama Property Taxes
The median property tax rate in Heflin, AL is 0.32%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Heflin at $68,238, the typical annual property tax bill is $224, well below the national median of $2,690. Property taxes in Heflin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Heflin'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 Heflin 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
Heflin, 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 Heflin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heflin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heflin 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 Heflin, Alabama
Property taxes in Heflin, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Heflin is 0.32%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Heflin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heflin 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 Heflin'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 with a rate of 0.43%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these cities compare with Heflin provides valuable insights into the varying tax landscape across Cleburne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Heflin Tax Rate
0.32%
Average Randolph County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heflin, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36264 | 0.15% | 0.24% | 0.32% | 0.50% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Heflin, Alabama
In Heflin, 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 Randolph 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 Heflin, 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. Heflin's median home price is $68,238, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $116, while the 75th percentile tax bill is $467. The highest median tax bill in the area is $224 in the 36264 zip code, which is also the lowest median tax bill. By understanding 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 Heflin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Heflin Assessed Value
$68,238
Average Randolph County Assessed Value
$99,646
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Heflin, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36264 | $25,116 | $41,059 | $68,238 | $128,027 | $204,594 |
Source: Ownwell
Property Tax Bills Across Heflin, Alabama
In Heflin, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Heflin, the median home price stands at $68,238. Property tax bills can vary significantly. For instance, the 25th percentile tax bill is $116, while the 75th percentile tax bill reaches $467. At the higher end, the 90th percentile tax bill is $860. Interestingly, the highest and lowest median tax bills in the area are both $224, indicating some consistency in certain neighborhoods. Compared to the national median property tax rate of 0.99%, homeowners in Heflin may find their property tax bills to be relatively manageable, which can be a crucial factor in overall housing affordability.
Average Heflin Tax Bill
$224
Average Randolph County Tax Bill
$364
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Heflin, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36264 | $58 | $116 | $224 | $467 | $860 |
Source: Ownwell