Buhl, Alabama Property Taxes
The median property tax rate in Buhl, AL is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Buhl at $129,950, the typical annual property tax bill is $378, considerably less than the national median of $2,690. Property taxes in Buhl 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 Buhl'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 Buhl 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
Buhl, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$351
Ownwell’s Buhl Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buhl with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buhl 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 Buhl, Alabama
Property taxes in Buhl, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Buhl is 0.27%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Buhl set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buhl 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 Buhl'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 found in zip code 35203 with a rate of 0.43%, while the lowest median tax rate is in zip code 35205 at 0.25%. Understanding how these cities compare with Buhl provides valuable insights into the varying tax landscape across Tuscaloosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buhl Tax Rate
0.27%
Average Tuscaloosa County Tax Rate
0.46%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buhl, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35446 | 0.17% | 0.22% | 0.27% | 0.45% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Buhl, Alabama
In Buhl, 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 Tuscaloosa 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 Buhl, 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 Buhl helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 35446, with a median tax bill of $378.
Average Buhl Assessed Value
$129,950
Average Tuscaloosa County Assessed Value
$160,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buhl, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35446 | $44,730 | $73,175 | $129,950 | $196,900 | $304,740 |
Source: Ownwell
Property Tax Bills Across Buhl, Alabama
In Buhl, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in Buhl is $129,950, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property location, size, and improvements can influence the assessed value. For homeowners, this means that the property tax bill can vary significantly. For example, the tax bill at the 25th percentile is $189, while at the 75th percentile, it rises to $741. At the 90th percentile, homeowners can expect to pay around $994. This variation highlights the importance of the assessed value and local tax rates in determining the final tax bill. Comparatively, the highest and lowest median tax bills in the county are both $378, which provides a reference point for understanding local property tax obligations. This system ensures that property taxes are proportional to the value of the property, impacting homeowners' financial planning and obligations.
Average Buhl Tax Bill
$378
Average Tuscaloosa County Tax Bill
$736
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Buhl, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35446 | $96 | $189 | $378 | $741 | $994 |
Source: Ownwell