Mentone, Alabama Property Taxes
The median property tax rate in Mentone, AL is 0.42%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $152,500 in Mentone, the typical annual property tax bill is $764, well below the national median of $2,690. Property taxes in Mentone 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 Mentone'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 Mentone 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
Mentone, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$641
$594
Ownwell’s Mentone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mentone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mentone 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 Mentone, Alabama
Property taxes in Mentone, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mentone is 0.42%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Mentone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mentone 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 Mentone's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35984 has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Mentone provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mentone Tax Rate
0.42%
Average Cherokee County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mentone, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35984 | 0.32% | 0.39% | 0.42% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Mentone, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mentone, Alabama. 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 Cherokee 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 Mentone, 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 Mentone 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 35984, with a median tax bill of $764, which is also the lowest in the area.
Average Mentone Assessed Value
$152,500
Average Cherokee County Assessed Value
$121,000
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mentone, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35984 | $22,540 | $51,400 | $152,500 | $257,900 | $352,680 |
Source: Ownwell
Property Tax Bills Across Mentone, Alabama
In Mentone, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Mentone, located in Cherokee County, AL, see a median tax bill of $764. The tax rate is applied to the assessed value, and factors such as property size, location, and improvements can influence this value. For instance, the 25th percentile tax bill is around $268, while the 75th percentile reaches up to $1,275, and the 90th percentile can be as high as $1,948. These variations demonstrate how different property characteristics and values impact the tax owed. The median home price in Mentone is $152,500, which helps put these tax bills into perspective. Compared to the national median property tax rate of 0.99%, homeowners in Mentone experience a relatively moderate tax burden, making it an appealing location for those seeking lower property taxes.
Average Mentone Tax Bill
$764
Average Cherokee County Tax Bill
$617
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Mentone, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35984 | $141 | $268 | $764 | $1,275 | $1,948 |
Source: Ownwell