Berry, Fayette County, Alabama Property Taxes
The median property tax rate in Berry, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Berry at $76,000, the typical annual property tax bill is $231, far below the national median of $2,690. Property taxes in Berry 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 Berry'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 Berry 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
Berry, Fayette County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$228
$212
Ownwell’s Berry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berry 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 Berry, Fayette County, Alabama
Property taxes in Berry, Alabama, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Berry is 0.33%, significantly lower than both the Alabama state median of 0.39% and the U.S. national median of 0.99%. Local government entities within Berry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berry 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 Berry's effective property tax rate to other counties in Alabama and the national median. For comparison, 35203 has the highest median property tax rate of 0.56%, while 35068 has the lowest median tax rate of 0.33%. Understanding how these cities compare with Berry provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berry Tax Rate
0.30%
Average Fayette County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berry, Fayette County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35546 | 0.17% | 0.24% | 0.30% | 0.54% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Berry, Fayette County, Alabama
In Berry, 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 Fayette 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 Berry, 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 Berry is $76,000, with property tax bills ranging significantly. For instance, the 25th percentile tax bill is $82, while the 75th percentile tax bill is $444. Interestingly, the highest and lowest median tax bills are both $231 in zip code 35546. 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 their tax burden.
Property Tax Assessment Values Across Berry, Fayette County, Alabama
Source: Ownwell
$76,000
$95,775
$115,550
Average Berry Assessed Value
$76,000
Average Fayette County Assessed Value
$94,200
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berry, Fayette County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35546 | $11,580 | $30,000 | $76,000 | $139,000 | $224,540 |
Source: Ownwell
Property Tax Bills Across Berry, Fayette County, Alabama
In Berry, located in Fayette County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Berry experience property tax rates that are significantly lower than the national median property tax rate of 0.99%. For instance, with a median home price of $76,000, the tax bill for homes in the 25th percentile is around $82, while those in the 75th percentile face a tax bill of approximately $444. The 90th percentile tax bill can reach up to $793. The highest and lowest median tax bill recorded in the area is $231, both in the zip code 35546. Factors such as local tax rates, property assessments, and any applicable exemptions influence the final tax bill. These relatively low property taxes can make homeownership more affordable, but they also mean that local services funded by property taxes may receive less revenue.
Average Berry Tax Bill
$231
Average Fayette County Tax Bill
$330
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Berry, Fayette County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35546 | $32 | $82 | $231 | $444 | $793 |
Source: Ownwell