Baileyton, Alabama Property Taxes
The median property tax rate in Baileyton, AL is 0.23%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Baileyton at $145,350, the typical annual property tax bill is $363, well below the national median of $2,690. Property taxes in Baileyton 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 Baileyton'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 Baileyton 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
Baileyton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$334
$310
Ownwell’s Baileyton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baileyton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baileyton 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 Baileyton, Alabama
Property taxes in Baileyton, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baileyton is 0.23%, significantly lower than the Alabama state median and the U.S. national median of 0.99%. Local government entities within Baileyton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baileyton 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 Baileyton'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 Baileyton provides valuable insights into the varying tax landscape across Cullman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baileyton Tax Rate
0.23%
Average Cullman County Tax Rate
0.25%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baileyton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35019 | 0.15% | 0.19% | 0.23% | 0.26% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Baileyton, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Baileyton, 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 Cullman 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 Baileyton, 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 Baileyton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Baileyton is $363.00 in the zip code 35019, while the lowest median tax bill is also $363.00 in the same zip code.
Average Baileyton Assessed Value
$145,350
Average Cullman County Assessed Value
$169,500
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baileyton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35019 | $54,200 | $90,750 | $145,350 | $228,525 | $371,350 |
Source: Ownwell
Property Tax Bills Across Baileyton, Alabama
In Baileyton, Cullman County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Baileyton is $145,350. Property taxes are then determined by applying the local tax rate to this assessed value. For homeowners in Baileyton, the tax bill varies significantly, with the 25th percentile paying around $219 and the 75th percentile paying approximately $611. Those at the 90th percentile can expect a tax bill of up to $940. Factors that influence the tax bill include the home's assessed value, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, Baileyton's property taxes can be considered relatively low, which can be a financial relief for homeowners. However, the variability in tax bills means that homeowners should be aware of potential fluctuations in their annual payments.
Average Baileyton Tax Bill
$363
Average Cullman County Tax Bill
$503
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Baileyton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35019 | $118 | $219 | $363 | $611 | $940 |
Source: Ownwell