Billingsley, Alabama Property Taxes
The median property tax rate in Billingsley, Alabama is 0.39%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $96,500 in Billingsley, the typical annual property tax bill amounts to $371, well below the national median of $2,690. Property taxes in Billingsley are calculated based on the tax assessed value, which often falls below the market value due to various 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 the city, gaining insight into 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
0.39%
Estimate Property Tax Bill
$376
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, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Billingsley is 0.39%, which is lower than both the Alabama state median 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. Understanding how these rates are set provides valuable insights into the varying tax landscape across Chilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Billingsley Tax Rate
0.39%
Average Chilton County Tax Rate
0.45%
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 | 0.18% | 0.29% | 0.39% | 0.53% | 0.98% |
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 Chilton 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. 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. Notably, the median home price in the area is $96,500, with tax bills ranging from $218 at the 25th percentile to $1,056 at the 90th percentile. The zip code 36006 has both the highest and lowest median tax bill at $371.
Average Billingsley Assessed Value
$96,500
Average Chilton County Assessed Value
$120,400
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 | $36,980 | $58,900 | $96,500 | $170,100 | $278,140 |
Source: Ownwell
Property Tax Bills Across Billingsley, Alabama
In Billingsley, Chilton County, AL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For example, the median home price in Billingsley is $96,500, leading to a range of tax bills. Homeowners in the 25th percentile can expect a tax bill of around $218, while those in the 75th percentile might see bills as high as $680. The 90th percentile tax bill can reach up to $1,056. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Billingsley's tax rates are relatively moderate, providing a balance between necessary revenue for public services and affordability for homeowners.
Average Billingsley Tax Bill
$371
Average Chilton County Tax Bill
$562
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 | $135 | $218 | $371 | $680 | $1,056 |
Source: Ownwell