Billingsley, Alabama Property Taxes
The median property tax rate in Billingsley, AL is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $122,400 in Billingsley, the typical annual property tax bill is approximately $354, well below the national median of $2,690. Property taxes in Billingsley are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Billingsley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Billingsley or another part of Autauga County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Billingsley, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$330
$307
Ownwell’s Billingsley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Billingsley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Billingsley 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 Billingsley, Alabama
Property taxes in Billingsley, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Billingsley is 0.27%, which is significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Billingsley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Billingsley 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 Billingsley's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35242 zip code has the highest median property tax rate of 0.66%, while the 36703 zip code has the lowest median tax rate of 0.25%. Understanding how these cities compare with Billingsley provides valuable insights into the varying tax landscape across Autauga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Billingsley Tax Rate
0.27%
Average Autauga County Tax Rate
0.29%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Billingsley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36006 | 0.20% | 0.25% | 0.27% | 0.32% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Billingsley, Alabama
In Billingsley, 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 Autauga 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 Billingsley, 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 Billingsley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Billingsley is $354.00, found in zip code 36006, while the lowest is also $354.00 in the same zip code.
Average Billingsley Assessed Value
$122,400
Average Autauga County Assessed Value
$189,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Billingsley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36006 | $33,960 | $61,400 | $122,400 | $208,000 | $287,320 |
Source: Ownwell
Property Tax Bills Across Billingsley, Alabama
In Billingsley, Autauga County, AL, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is typically a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the tax bill. For homeowners in Billingsley, the median home price stands at $122,400. The tax bills can vary significantly, with the 25th percentile at $180 and the 75th percentile reaching $587. The 90th percentile tax bill can go up to $809, indicating a wide range of property tax obligations depending on the property's assessed value and applicable exemptions. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and public safety. With the highest and lowest median tax bills both recorded at $354 in the 36006 zip code, it's clear that the tax burden can vary even within small regions. Compared to the national median property tax rate of 0.99%, the tax rates in Billingsley can be considered relatively moderate, offering some relief to homeowners.
Average Billingsley Tax Bill
$354
Average Autauga County Tax Bill
$598
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Billingsley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36006 | $91 | $180 | $354 | $587 | $809 |
Source: Ownwell