Brookside, Alabama Property Taxes
The median property tax rate in Brookside, AL is 1.19%, considerably higher than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Brookside, the typical annual property tax bill reaches $387, significantly lower than the national median of $2,690. Property taxes in Brookside 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 Brookside'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 Brookside 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
Brookside, 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 Brookside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brookside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brookside 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 Brookside, Alabama
Property taxes in Brookside, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookside is 1.19%, higher than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Brookside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookside 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 Brookside's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35036 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Brookside provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookside Tax Rate
1.19%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookside, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35036 | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Brookside, Alabama
In Brookside, 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 Jefferson 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 Brookside, 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 Brookside is $45,600, with tax bills ranging from $293 at the 25th percentile to $513 at the 90th percentile. The highest and lowest median tax bills are both $387, found in the 35036 zip code. 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 Brookside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brookside Assessed Value
$45,600
Average Jefferson County Assessed Value
$150,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookside, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35036 | $10,080 | $24,500 | $45,600 | $108,350 | $1,056,860 |
Source: Ownwell
Property Tax Bills Across Brookside, Alabama
In Brookside, property tax bills are calculated based on the assessed value of a home, which is determined by the Jefferson County tax assessor. The assessed value is a percentage of the market value of the property. Factors such as property size, location, and any improvements or additions can influence this value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Brookside, the median home price is $45,600. Property tax bills can vary significantly, with the 25th percentile at $293 and the 75th percentile at $466. The 90th percentile reaches $513. These figures indicate that Brookside's property tax bills are relatively low compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, but it also means that local government services may rely more on other revenue sources. Understanding these factors can help homeowners budget more effectively and anticipate their annual expenses.
Average Brookside Tax Bill
$387
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookside, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35036 | $236 | $293 | $387 | $466 | $513 |
Source: Ownwell