Newville, Alabama Property Taxes
The median property tax rate in Newville, Alabama is 0.29%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $116,000 in Newville, the typical annual property tax bill amounts to $352, far below the national median of $2,690. Property taxes in Newville are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Newville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're located in the heart of Newville or another part of Dale County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$336
$312
Ownwell’s Newville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newville 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 Newville, Alabama
Property taxes in Newville, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Newville is 0.29%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Newville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newville 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 Newville's effective property tax rate compares to other counties in Alabama and the national median 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 Newville Tax Rate
0.29%
Average Dale County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36353 | 0.20% | 0.25% | 0.29% | 0.39% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Newville, Alabama
In Newville, 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 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 Newville, 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 Newville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 36353, with a median of $352, while the same zip code also has the lowest median tax bill at $352.
Average Newville Assessed Value
$116,000
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 Newville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36353 | $39,520 | $57,650 | $116,000 | $191,840 | $279,484 |
Source: Ownwell
Property Tax Bills Across Newville, Alabama
In Newville, located in Dale County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. Typically, the assessed value is a percentage of the property's market value. Various factors such as the property's location, size, and condition are considered in this assessment. Once the assessed value is determined, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Newville, the median home price is $116,000. The property tax bills vary significantly, with the 25th percentile paying around $223 annually and the 75th percentile paying approximately $552. Those at the 90th percentile face a tax bill of about $783. Compared to the national median property tax rate of 0.99%, Newville's property tax rates result in relatively lower tax bills, making it an attractive option for homeowners seeking affordability. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Newville Tax Bill
$352
Average Dale County Tax Bill
$497
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Newville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36353 | $130 | $223 | $352 | $552 | $783 |
Source: Ownwell