Lineville, Alabama Property Taxes
The median property tax rate in Lineville, AL is 0.30%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Lineville at $73,400, the typical annual property tax bill reaches $216, significantly below the national median of $2,690. Property taxes in Lineville 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 Lineville'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 Lineville or another part of Clay County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lineville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$220
Ownwell’s Lineville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lineville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lineville 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 Lineville, Alabama
Property taxes in Lineville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lineville is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Lineville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lineville 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 Lineville'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 0.66%, while the lowest median tax rate is 0.18%. Understanding how these cities compare with Lineville provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lineville Tax Rate
0.30%
Average Clay County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lineville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36266 | 0.17% | 0.23% | 0.30% | 0.35% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Lineville, Alabama
In Lineville, 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 Clay 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 Lineville, 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 Lineville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $216.00, found in the 36266 zip code.
Average Lineville Assessed Value
$73,400
Average Clay County Assessed Value
$72,990
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lineville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36266 | $23,720 | $40,830 | $73,400 | $126,000 | $194,770 |
Source: Ownwell
Property Tax Bills Across Lineville, Alabama
In Lineville, located in Clay County, AL, property tax bills are determined based on the assessed value of the property. The assessed value is a percentage of the market value of the home. For homeowners in this area, the median home price is $73,400. The property tax rate in Lineville is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Lineville can expect their tax bills to vary significantly, with the 25th percentile tax bill at $114 and the 75th percentile at $374. The 90th percentile tax bill can go up to $585. Compared to the national median property tax rate of 0.99%, Lineville’s tax rate results in relatively lower tax bills, offering some financial relief to homeowners. This lower tax burden can make homeownership more affordable and attractive in this region.
Average Lineville Tax Bill
$216
Average Clay County Tax Bill
$201
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Lineville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36266 | $61 | $114 | $216 | $374 | $585 |
Source: Ownwell