Newbern, Hale County, Alabama Property Taxes
The median property tax rate in Newbern, AL is 0.31%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Newbern at $63,630, the typical annual property tax bill amounts to $226, far below the national median of $2,690. Property taxes in Newbern are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Newbern'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 Newbern 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
Newbern, Hale County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$197
$183
Ownwell’s Newbern Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newbern with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newbern 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 Newbern, Hale County, Alabama
Property taxes in Newbern, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newbern is 0.31%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Newbern set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newbern 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 Newbern's effective property tax rate to other counties in Alabama and the national median. Understanding how Newbern compares with other areas provides valuable insights into the varying tax landscape across Hale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Newbern Tax Rate
0.31%
Average Hale County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newbern, Hale County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36765 | 0.16% | 0.24% | 0.31% | 0.58% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Newbern, Hale County, Alabama
In Newbern, 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 Hale 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 Newbern, 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 Hale County is $63,630, with tax bills ranging from $109 at the 25th percentile to $739 at the 90th percentile. The highest median tax bill in the area is $226 in zip code 36765. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Newbern, Hale County, Alabama
Source: Ownwell
$62,300
$110,180
$158,060
Average Newbern Assessed Value
$63,630
Average Hale County Assessed Value
$85,050
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newbern, Hale County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36765 | $20,641 | $33,562 | $63,630 | $118,378 | $203,685 |
Source: Ownwell
Property Tax Bills Across Newbern, Hale County, Alabama
In Newbern, located in Hale County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Newbern is $63,630, and the property tax rate is applied to this assessed value to determine the annual tax bill. Various factors like property size, location, and improvements can influence the assessed value, directly impacting the tax bill. Homeowners in Newbern can expect their property tax bills to vary. For instance, the tax bill at the 25th percentile is approximately $109, while at the 75th percentile, it rises to about $430. At the 90th percentile, homeowners might see tax bills as high as $739. These variations illustrate how different property characteristics and valuations affect the final tax amount. Compared to the national median property tax rate of 0.99%, Newbern's property tax rates provide a relatively moderate financial obligation for homeowners, making it an attractive location for those seeking affordable property taxes.
Average Newbern Tax Bill
$226
Average Hale County Tax Bill
$328
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Newbern, Hale County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36765 | $53 | $109 | $226 | $430 | $739 |
Source: Ownwell