Kinsey, Alabama Property Taxes
The median property tax rate in Kinsey, AL is 0.56%, which is higher than the Alabama state median of 0.47% but lower than the national median of 0.99%. With a median home value of $137,650 in Kinsey, the typical annual property tax bill is approximately $695, significantly below the national median of $2,690. Property taxes in Kinsey are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Kinsey'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 Kinsey or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kinsey, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$771
$715
Ownwell’s Kinsey Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kinsey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kinsey to provide an accurate estimate of your property tax bill. This user-friendly tool helps you understand potential tax liabilities, ensuring you are well-prepared. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, assigned by Dale County, is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kinsey, Alabama
Property taxes in Kinsey, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kinsey is 0.56%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Kinsey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kinsey 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 Kinsey's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36303 zip code has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Kinsey provides valuable insights into the varying tax landscape across Dale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kinsey Tax Rate
0.56%
Average Dale County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kinsey, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36303 | 0.41% | 0.46% | 0.56% | 0.65% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Kinsey, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kinsey, 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 Dale 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 Kinsey, 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 Kinsey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kinsey is $137,650, with the highest median tax bill found in zip code 36303 at $695.
Average Kinsey Assessed Value
$137,650
Average Dale County Assessed Value
$110,690
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kinsey, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36303 | $106,826 | $118,385 | $137,650 | $156,915 | $168,474 |
Source: Ownwell
Property Tax Bills Across Kinsey, Alabama
In Kinsey, Dale County, AL, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio to this value. Homeowners in Kinsey typically see property tax bills that range from $675 at the 25th percentile to $726 at the 90th percentile, with a median tax bill of $695. This is significantly lower than the national median property tax rate of 0.99%, providing a relatively affordable tax environment for homeowners. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These components combine to determine the amount homeowners owe annually. Lower property tax bills can make homeownership more accessible and financially manageable, aiding in the long-term stability of the housing market in Kinsey. For residents, understanding these factors is crucial for financial planning and ensuring that they are taking advantage of any exemptions or reductions available to them.
Average Kinsey Tax Bill
$695
Average Dale County Tax Bill
$497
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Kinsey, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36303 | $663 | $675 | $695 | $714 | $726 |
Source: Ownwell