Kellyton, Alabama Property Taxes
The median property tax rate in Kellyton, AL is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Kellyton at $63,700, the typical annual property tax bill is $204, well below the national median of $2,690. Property taxes in Kellyton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kellyton'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 Kellyton 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
Kellyton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$210
$195
Ownwell’s Kellyton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kellyton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kellyton 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 Kellyton, Alabama
Property taxes in Kellyton, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kellyton is 0.33%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Kellyton set these rates annually, and they can vary across different neighborhoods. Each year, Kellyton 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 Kellyton'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 significantly higher, while the lowest median tax rate is much lower. Understanding how these cities compare with Kellyton provides valuable insights into the varying tax landscape across Coosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kellyton Tax Rate
0.33%
Average Coosa County Tax Rate
0.27%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kellyton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35089 | 0.20% | 0.22% | 0.33% | 0.57% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Kellyton, Alabama
In Kellyton, 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 Coosa 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 Kellyton, 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. For instance, the median home price in Kellyton is $63,700, with tax bills ranging from $130 at the 25th percentile to $496 at the 90th percentile. The highest and lowest median tax bill in the area is $204 in the 35089 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kellyton Assessed Value
$63,700
Average Coosa County Assessed Value
$86,950
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kellyton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35089 | $22,020 | $39,400 | $63,700 | $98,000 | $165,000 |
Source: Ownwell
Property Tax Bills Across Kellyton, Alabama
In Kellyton, located in Coosa County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Homeowners in Kellyton can expect a median property tax bill of $204, which is significantly lower than the national median property tax rate of 0.99%. Factors such as the property's location, size, and condition are considered when determining the assessed value, which in turn influences the tax bill. For example, the 25th percentile tax bill in Kellyton is $130, while the 75th percentile tax bill reaches $318, and the 90th percentile tax bill can be as high as $496. These variations reflect differences in property values and assessments across the area. Lower property tax bills can make homeownership more affordable, but they also mean fewer local government resources for public services funded by these taxes. Homeowners should be aware of how these factors affect their annual tax obligations and plan accordingly.
Average Kellyton Tax Bill
$204
Average Coosa County Tax Bill
$282
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Kellyton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35089 | $77 | $130 | $204 | $318 | $496 |
Source: Ownwell