Henagar, Alabama Property Taxes
The median property tax rate in Henagar, Alabama is 0.26%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Henagar, the typical annual property tax bill is $294, well below the national median of $2,690. Property taxes in Henagar are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Henagar'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 Henagar or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Henagar, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$301
Ownwell’s Henagar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henagar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henagar 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 Henagar, Alabama
Property taxes in Henagar, Alabama, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Henagar is 0.26%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Henagar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henagar 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 Henagar's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Jackson County is significantly higher than Henagar's, while other areas within the county may have lower rates. Understanding how these cities compare with Henagar provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henagar Tax Rate
0.26%
Average Jackson County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henagar, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35978 | 0.17% | 0.22% | 0.26% | 0.30% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Henagar, Alabama
In Henagar, 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 Jackson 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 Henagar, 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. With a median home price of $115,750, the tax bill can range significantly. For instance, the 25th percentile tax bill is $158, while the 75th percentile tax bill is $528. 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 Henagar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Henagar Assessed Value
$115,750
Average Jackson County Assessed Value
$104,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Henagar, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35978 | $36,600 | $69,325 | $115,750 | $186,575 | $292,650 |
Source: Ownwell
Property Tax Bills Across Henagar, Alabama
In Henagar, located in Jackson County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Henagar is $115,750. Property taxes are influenced by various factors, including the home's assessed value, the local tax rate, and any applicable exemptions. The national median property tax rate is 0.99%, but local rates can vary significantly. For homeowners in Henagar, the tax bill can range widely. The 25th percentile tax bill is about $158, while the 75th percentile tax bill is approximately $528. At the 90th percentile, homeowners might see a tax bill as high as $787. The highest median tax bill in the area is $294, which is consistent with the lowest, reflecting a stable local tax environment. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses and overall affordability. Properly assessing and planning for these taxes ensures better financial management and peace of mind.
Average Henagar Tax Bill
$294
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Henagar, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35978 | $74 | $158 | $294 | $528 | $787 |
Source: Ownwell