Jemison, Alabama Property Taxes
The median property tax rate in Jemison, AL is 0.45%, which is significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Jemison at $120,400, the typical annual property tax bill is $569, far below the national median of $2,690. Property taxes in Jemison are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jemison'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 Jemison 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
Jemison, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$542
Ownwell’s Jemison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jemison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jemison 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 Jemison, Alabama
Property taxes in Jemison, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Jemison is 0.45%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Jemison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jemison 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 Jemison's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35085 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Jemison provides valuable insights into the varying tax landscape across Chilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jemison Tax Rate
0.45%
Average Chilton County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jemison, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35085 | 0.16% | 0.36% | 0.45% | 0.64% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Jemison, Alabama
In Jemison, 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 Chilton 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 Jemison, 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. 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 Jemison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Jemison are both $569.00, found in the zip code 35085.
Average Jemison Assessed Value
$120,400
Average Chilton County Assessed Value
$120,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jemison, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35085 | $42,300 | $66,300 | $120,400 | $187,600 | $250,180 |
Source: Ownwell
Property Tax Bills Across Jemison, Alabama
In Jemison, property tax bills are calculated based on the assessed value of a home, which is determined by the Chilton County tax assessor. The assessed value is a percentage of the market value of the property, and local tax rates are then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location within the county, any applicable exemptions, and the specific tax rates set by local government entities. For homeowners in Jemison, the median home price is $120,400. The property tax bills can vary significantly, with the 25th percentile at $270 and the 75th percentile reaching $896. At the 90th percentile, homeowners might see tax bills as high as $1,472. The highest median tax bill in the area is $569, found in the 35085 zip code. These property taxes directly impact homeowners by influencing their overall housing costs and potentially affecting their long-term financial planning. Compared to the national median property tax rate of 0.99%, Jemison's property tax rates offer a relatively moderate financial burden for homeowners.
Average Jemison Tax Bill
$569
Average Chilton County Tax Bill
$562
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Jemison, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35085 | $83 | $270 | $569 | $896 | $1,472 |
Source: Ownwell