Headland, Alabama Property Taxes
The median property tax rate in Headland, AL is 0.40%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Headland, the typical annual property tax bill reaches $727, significantly below the national median of $2,690. Property taxes in Headland 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 Headland'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 Headland 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
Headland, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$656
$608
Ownwell’s Headland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Headland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Headland 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 Headland, Alabama
Property taxes in Headland, Alabama, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Headland is 0.40%, considerably lower than the U.S. national median of 0.99%. Local government entities within Headland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Headland 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 Headland's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36345 zip code has both the highest and the lowest median property tax rate of 0.40%, illustrating a uniform tax landscape within Henry County. Understanding how these cities compare with Headland provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Headland Tax Rate
0.40%
Average Henry County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Headland, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36345 | 0.28% | 0.35% | 0.40% | 0.44% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Headland, Alabama
In Headland, 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 Henry 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 Headland, 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 Headland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 36345 has the highest median tax bill of $727, which is also the lowest median tax bill in the area.
Average Headland Assessed Value
$163,895
Average Henry County Assessed Value
$118,764
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Headland, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36345 | $51,803 | $90,899 | $163,895 | $244,222 | $339,871 |
Source: Ownwell
Property Tax Bills Across Headland, Alabama
In Headland, located in Henry County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $163,895, the assessed value is determined by applying the local assessment rate. The property tax rate in this area is then applied to the assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's market value, the local assessment rate, and the specific tax rate set by local authorities. Homeowners in Headland can expect their property tax bills to vary significantly. The 25th percentile tax bill is $413, while the 75th percentile tax bill is $1,047. At the 90th percentile, homeowners might pay as much as $1,425 annually. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Comparatively, the median property tax bill in this area is $727, which is lower than the national median property tax rate of 0.99%.
Average Headland Tax Bill
$727
Average Henry County Tax Bill
$519
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Headland, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36345 | $205 | $413 | $727 | $1,047 | $1,425 |
Source: Ownwell