Pine Hill, Alabama Property Taxes
The median property tax rate in Pine Hill, AL is 0.36%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Pine Hill, the typical annual property tax bill is $257, which is well below the national median of $2,690. Property taxes in Pine Hill 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 Pine Hill'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 Pine Hill 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
Pine Hill, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$295
Ownwell’s Pine Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Hill 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 Pine Hill, Alabama
Property taxes in Pine Hill, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Hill is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Pine Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Hill 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 Pine Hill'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 0.51%, while the lowest is in Crenshaw County at 0.16%. Understanding how these cities compare with Pine Hill provides valuable insights into the varying tax landscape across Wilcox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Hill Tax Rate
0.36%
Average Wilcox County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36769 | 0.23% | 0.30% | 0.36% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Pine Hill, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pine Hill, 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 the Wilcox 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. 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. In Pine Hill, the median home price is $81,920, with annual property tax bills ranging from $151 at the 25th percentile to $723 at the 90th percentile. The zip code 36769 has the highest and lowest median tax bill, both at $257. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pine Hill Assessed Value
$81,920
Average Wilcox County Assessed Value
$99,190
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36769 | $34,400 | $51,980 | $81,920 | $136,430 | $210,900 |
Source: Ownwell
Property Tax Bills Across Pine Hill, Alabama
In Pine Hill, located in Wilcox County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Pine Hill is $81,920. Property taxes are then determined by applying the local tax rate to this assessed value. For instance, if the assessed value is $81,920 and the tax rate is aligned with the national median of 0.99%, the resulting tax bill would be approximately $811. However, actual tax bills can vary, with the 25th percentile tax bill at $151 and the 75th percentile at $453, indicating significant variation based on individual property assessments and exemptions. Factors such as property size, improvements, and exemptions (e.g., for seniors or veterans) can influence the final tax bill. This variability means homeowners in Pine Hill might see tax bills as high as $723 at the 90th percentile. Understanding these factors is crucial for homeowners to anticipate their financial obligations and explore potential savings through appeals or exemptions.
Average Pine Hill Tax Bill
$257
Average Wilcox County Tax Bill
$331
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36769 | $87 | $151 | $257 | $453 | $723 |
Source: Ownwell