Brierfield, Alabama Property Taxes
The median property tax rate in Brierfield, AL is 0.24%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $101,100 in Brierfield, the typical annual property tax bill amounts to $221, well below the national median of $2,690. Property taxes in Brierfield 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 land. Understanding Brierfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Brierfield or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brierfield, 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 Brierfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brierfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brierfield 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 Brierfield, Alabama
Property taxes in Brierfield, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brierfield is 0.24%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Brierfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brierfield 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 Brierfield'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 35203 with a rate of 0.66%, while the lowest median tax rate is in 36793 at 0.19%. Understanding how these cities compare with Brierfield provides valuable insights into the varying tax landscape across Bibb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brierfield Tax Rate
0.24%
Average Bibb County Tax Rate
0.26%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brierfield, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35035 | 0.15% | 0.19% | 0.24% | 0.27% | 0.31% |
Source: Ownwell
Property Tax Assessment Values Across Brierfield, Alabama
In Brierfield, 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 Bibb 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 Brierfield, 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 median home price in Brierfield is $101,100, with tax bills ranging from $112 at the 25th percentile to $795 at the 90th percentile. 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 Brierfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brierfield Assessed Value
$101,100
Average Bibb County Assessed Value
$88,300
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brierfield, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35035 | $23,660 | $50,700 | $101,100 | $231,100 | $337,980 |
Source: Ownwell
Property Tax Bills Across Brierfield, Alabama
In Brierfield, Bibb 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 Brierfield is $101,100, and the county uses this value to determine the assessed value. Tax rates are applied to this assessed value to calculate the final tax bill. Homeowners in Brierfield can expect a range of property tax bills, with the 25th percentile at $112 and the 75th percentile at $557. The 90th percentile tax bill reaches up to $795. These property tax bills are influenced by factors such as the home’s assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Brierfield's rates are relatively modest. This affects homeowners by providing a more affordable property tax environment, which can be beneficial for budgeting and long-term financial planning.
Average Brierfield Tax Bill
$221
Average Bibb County Tax Bill
$224
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Brierfield, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35035 | $50 | $112 | $221 | $557 | $795 |
Source: Ownwell