Kinsey, Alabama Property Taxes
The median property tax rate in Kinsey, AL is 0.37%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Kinsey at $85,550, the typical annual property tax bill reaches $444, well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kinsey'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 Kinsey 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
Kinsey, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Kinsey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kinsey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kinsey 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 Kinsey, Alabama
Property taxes in Kinsey, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kinsey is 0.31%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Kinsey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kinsey 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 Kinsey's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35203 zip code has the highest median property tax rate of 0.66%, while the 36426 zip code has the lowest median tax rate of 0.24%. Understanding how these cities compare with Kinsey provides valuable insights into the varying tax landscape across Houston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kinsey Tax Rate
0.37%
Average Houston County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kinsey, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36303 | 0.33% | 0.34% | 0.37% | 0.76% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Kinsey, Alabama
In Kinsey, 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 Houston 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 Kinsey, 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 Kinsey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kinsey are both $444.00, found in the 36303 zip code.
Average Kinsey Assessed Value
$85,550
Average Houston County Assessed Value
$117,800
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kinsey, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36303 | $39,660 | $60,125 | $85,550 | $130,625 | $170,740 |
Source: Ownwell
Property Tax Bills Across Kinsey, Alabama
Property tax bills in Kinsey, located in Houston County, Alabama, are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Kinsey can expect their property tax bills to vary depending on several factors, including the property's assessed value and applicable tax rates. For instance, the median home price in Kinsey is $85,550. The tax bill for properties in the 25th percentile is around $258, while those in the 75th percentile see bills closer to $543. At the 90th percentile, tax bills can reach up to $944. These variations illustrate how the assessed value and tax rates impact the final amount homeowners owe. Compared to the national median property tax rate of 0.99%, Kinsey's property taxes are relatively modest, providing some financial relief to homeowners. This lower tax burden can make homeownership more affordable and attractive in this region, contributing to the community's overall economic stability.
Average Kinsey Tax Bill
$444
Average Houston County Tax Bill
$515
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Kinsey, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36303 | $174 | $258 | $444 | $543 | $944 |
Source: Ownwell