Kinston, Alabama Property Taxes
The median property tax rate in Kinston, Alabama is 0.25%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Kinston at $247,080, the typical annual property tax bill is $589, well below the national median of $2,690. Property taxes in Kinston 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 Kinston'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 Kinston 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
Kinston, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$618
$573
Ownwell’s Kinston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kinston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kinston 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 Kinston, Alabama
Property taxes in Kinston, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kinston is 0.25%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Kinston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kinston 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 Kinston'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 0.33%, while the lowest median tax rate is 0.16%. Understanding how these cities compare with Kinston provides valuable insights into the varying tax landscape across Covington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kinston Tax Rate
0.25%
Average Covington County Tax Rate
0.34%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kinston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36453 | 0.20% | 0.22% | 0.25% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Kinston, Alabama
In Kinston, 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 Covington 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 Kinston, 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 Kinston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Kinston is $589 in zip code 36453, while the lowest median tax bill is also $589 in the same zip code.
Average Kinston Assessed Value
$247,080
Average Covington County Assessed Value
$114,020
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kinston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36453 | $90,226 | $116,405 | $247,080 | $318,875 | $549,984 |
Source: Ownwell
Property Tax Bills Across Kinston, Alabama
In Kinston, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. The assessed value is a percentage of the home's market value. For example, if your home is valued at $247,080, the assessed value will be a fraction of this amount. The property tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rates set by local authorities. In Covington County, homeowners can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is $379, while the 75th percentile tax bill is $735, and the 90th percentile tax bill reaches $984. These figures highlight the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Kinston's property tax rates can be more or less favorable depending on specific circumstances, impacting homeowners' financial planning and overall cost of living.
Average Kinston Tax Bill
$589
Average Covington County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Kinston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36453 | $208 | $379 | $589 | $735 | $984 |
Source: Ownwell