Minter, Alabama Property Taxes
The median property tax rate in Minter, AL is 0.36%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $82,200 in Minter, the typical annual property tax bill is $317, which is well below the national median of $2,690. Property taxes in Minter are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Minter'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 Minter or another part of Dallas County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Minter, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$296
$275
Ownwell’s Minter Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential buyer looking to estimate their annual property taxes in Minter. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Minter to provide an estimated property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more detailed insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value, determined by Dallas County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Minter, Alabama
Property taxes in Minter, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Minter is 0.33%, which is lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Minter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Minter 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 Minter's effective property tax rate to other counties in Alabama and the national median. For comparison, ZIP code 35203 has the highest median property tax rate of 0.66%, while ZIP code 36801 has the lowest median tax rate of 0.31%. Understanding how these cities compare with Minter provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Minter Tax Rate
0.36%
Average Dallas County Tax Rate
0.53%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Minter, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36761 | 0.23% | 0.29% | 0.36% | 0.65% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Minter, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Minter, 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 Dallas 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 Minter, 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. For example, the median home price in Minter is $82,200, with tax bills ranging from $135 at the 25th percentile to $1,085 at the 90th percentile. The highest and lowest median tax bills are both $317, found in zip code 36761. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Minter Assessed Value
$82,200
Average Dallas County Assessed Value
$65,800
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Minter, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36761 | $17,590 | $36,325 | $82,200 | $155,225 | $260,440 |
Source: Ownwell
Property Tax Bills Across Minter, Alabama
In Minter, Dallas County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is then multiplied by the local tax rate. For example, with a median home price of $82,200, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $135, while at the 75th percentile, it reaches $632. The 90th percentile sees tax bills as high as $1,085. These tax bills are influenced by factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Dallas County offers a relatively affordable property tax environment. Homeowners in Minter benefit from these lower rates, which can make homeownership more accessible and financially manageable. This affordability can significantly impact household budgets, leaving more room for other expenses and investments.
Average Minter Tax Bill
$317
Average Dallas County Tax Bill
$361
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Minter, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36761 | $66 | $135 | $317 | $632 | $1,085 |
Source: Ownwell