Kimberly, Alabama Property Taxes
The median property tax rate in Kimberly, AL is 0.60%, which is lower than the national median of 0.99% but higher than Alabama's state median of 0.47%. With a median home value of $221,550 in Kimberly, the typical annual property tax bill amounts to $1,419, falling below the national median of $2,690. Property taxes in Kimberly are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Kimberly'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 Kimberly 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
Kimberly, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,329
Ownwell’s Kimberly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kimberly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kimberly 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 Kimberly, Alabama
Property taxes in Kimberly, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kimberly is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Kimberly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kimberly 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 Kimberly's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35091 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Kimberly 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 Kimberly Tax Rate
0.60%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kimberly, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35091 | 0.55% | 0.60% | 0.60% | 0.61% | 1.25% |
| 35180 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Kimberly, Alabama
In Kimberly, 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 Kimberly, 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. The median home price in Kimberly is $221,550, with tax bills ranging from $1,042 at the 25th percentile to $2,291 at the 90th percentile. The zip code 35091 has the highest and lowest median tax bill of $1,419. Being aware of these valuation processes in Kimberly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kimberly Assessed Value
$221,550
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 Kimberly, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35091 | $68,800 | $146,900 | $221,500 | $294,400 | $347,400 |
| 35180 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Kimberly, Alabama
Property tax bills in Kimberly, a city within Jefferson County, Alabama, are determined based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $221,550, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $1,042, while those in the 75th percentile may see bills closer to $1,865. For those in the 90th percentile, the tax bill can reach up to $2,291. Factors influencing the tax bill include property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Kimberly's property tax rates offer a competitive landscape for homeowners. The highest median tax bill in the area is $1,419, which is still relatively moderate. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Kimberly Tax Bill
$1,419
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Kimberly, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35091 | $592 | $1,042 | $1,419 | $1,865 | $2,291 |
| 35180 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell