Kellyton, Alabama Property Taxes
The median property tax rate in Kellyton, AL is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Kellyton at $71,350, the typical annual property tax bill is $248, well below the national median of $2,690. Property taxes in Kellyton 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 Kellyton'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 Kellyton or another part of Tallapoosa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kellyton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$200
Ownwell’s Kellyton Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kellyton with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kellyton to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Kellyton, Alabama
Property taxes in Kellyton, Alabama, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Kellyton is 0.28%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Kellyton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kellyton 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. Understanding how Kellyton's property tax rate compares to other regions in Tallapoosa County and the national median provides valuable insights into the varying tax landscape across the area, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Kellyton Tax Rate
0.28%
Average Tallapoosa County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kellyton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35089 | 0.19% | 0.23% | 0.28% | 0.38% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Kellyton, Alabama
In Kellyton, 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 Tallapoosa 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 Kellyton, 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. For instance, the highest median tax bill in Kellyton is $248 in the 35089 zip code, while the lowest is also $248 in the same zip code. 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 Kellyton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kellyton Assessed Value
$71,350
Average Tallapoosa County Assessed Value
$120,950
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kellyton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35089 | $27,690 | $45,125 | $71,350 | $138,900 | $215,870 |
Source: Ownwell
Property Tax Bills Across Kellyton, Alabama
In Kellyton, located in Tallapoosa County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's market value, local tax rates, and any applicable exemptions play a crucial role in determining the final tax amount. For homeowners in Kellyton, the median home price is $71,350. The property tax bills can vary significantly within the area. At the 25th percentile, the tax bill is around $125, while at the 75th percentile, it rises to $444. Those at the 90th percentile can expect to pay as much as $607. Comparatively, the national median property tax rate is 0.99%, highlighting that Kellyton's tax rates may offer some relief to homeowners. Understanding these factors helps homeowners budget more effectively and anticipate their annual property tax obligations, ensuring they are prepared for any financial impacts.
Average Kellyton Tax Bill
$248
Average Tallapoosa County Tax Bill
$472
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Kellyton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35089 | $80 | $125 | $248 | $444 | $607 |
Source: Ownwell