Newville, Alabama Property Taxes
The median property tax rate in Newville, AL is 0.36%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $95,562 in Newville, the typical annual property tax bill is $400, significantly below the national median of $2,690. Property taxes in Newville 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 Newville'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 Newville 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
Newville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$344
$319
Ownwell’s Newville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newville 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 Newville, Alabama
Property taxes in Newville, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Newville is 0.36%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Newville set these rates annually, and they can vary across different neighborhoods. Each year, Newville 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 Newville's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Newville 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 Newville Tax Rate
0.36%
Average Henry County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36353 | 0.20% | 0.28% | 0.36% | 0.74% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Newville, Alabama
In Newville, 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 Newville, 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. The median home price in Newville is $95,562, with the lowest median tax bill being $218 and the highest reaching $982. Being aware of these valuation processes in Newville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Newville Assessed Value
$95,562
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 Newville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36353 | $32,015 | $56,081 | $95,562 | $154,138 | $257,166 |
Source: Ownwell
Property Tax Bills Across Newville, Alabama
In Newville, located in Henry County, AL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate applied to this assessed value determines the final tax bill. Several factors influence this calculation, including property type, location, and any applicable exemptions. For homeowners in Newville, the median home price is $95,562. Property tax bills can vary significantly, with the 25th percentile tax bill at $218 and the 75th percentile at $681. The 90th percentile tax bill can reach up to $982, reflecting the variation in property values and applicable exemptions. Comparatively, the national median property tax rate is 0.99%, while Newville’s property tax rates can be more favorable for homeowners. Understanding these factors is crucial for homeowners as they directly impact annual expenses and the overall cost of property ownership. This knowledge helps in budgeting and financial planning, ensuring that homeowners are prepared for their tax obligations.
Average Newville Tax Bill
$400
Average Henry County Tax Bill
$519
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Newville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36353 | $121 | $218 | $400 | $681 | $982 |
Source: Ownwell