Valley Head, Alabama Property Taxes
The median property tax rate in Valley Head, AL is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Valley Head at $96,620, the typical annual property tax bill is $343, well below the national median of $2,690. Property taxes in Valley Head are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Valley Head'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 Valley Head or another part of DeKalb County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Valley Head, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$329
$305
Ownwell’s Valley Head Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Valley Head with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valley Head 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 DeKalb County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Valley Head, Alabama
Property taxes in Valley Head, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley Head is 0.34%, which is significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Valley Head set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley Head 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 Valley Head'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 0.66%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Valley Head provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valley Head Tax Rate
0.34%
Average Dekalb County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley Head, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35989 | 0.20% | 0.27% | 0.34% | 0.50% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Valley Head, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Valley Head, 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 DeKalb 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 Valley Head, 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. The median home price in Valley Head is $96,620, with tax bills ranging significantly. The 25th percentile tax bill is $123, while the 75th percentile tax bill is $688. The highest median tax bill is $343 in the 35989 zip code, which is also the lowest median tax bill. 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 Valley Head Assessed Value
$96,620
Average Dekalb County Assessed Value
$106,260
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valley Head, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35989 | $20,640 | $41,225 | $96,620 | $182,402 | $320,384 |
Source: Ownwell
Property Tax Bills Across Valley Head, Alabama
In Valley Head, DeKalb County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting factors such as the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Valley Head, the median home price is $96,620. Property tax bills vary significantly, with the 25th percentile at $123 and the 75th percentile at $688. Homeowners at the 90th percentile can expect to pay around $1,186. The median property tax bill in Valley Head stands at $343, which is considerably lower than the national median property tax rate of 0.99%. This relatively low property tax burden can make homeownership more affordable, potentially attracting new residents to the area.
Average Valley Head Tax Bill
$343
Average Dekalb County Tax Bill
$412
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley Head, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35989 | $54 | $123 | $343 | $688 | $1,186 |
Source: Ownwell