Dolomite, Alabama Property Taxes
The median property tax rate in Dolomite, AL is 1.20%, considerably higher than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Dolomite at $70,800, the typical annual property tax bill reaches $645, which is lower than the national median of $2,690. Property taxes in Dolomite 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 Dolomite'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 Dolomite or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dolomite, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$850
Ownwell’s Dolomite Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dolomite with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dolomite 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 Jefferson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dolomite, Alabama
Property taxes in Dolomite, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dolomite is 1.20%, significantly higher than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Dolomite set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dolomite 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 Dolomite's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35061 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Dolomite provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dolomite Tax Rate
1.20%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dolomite, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35061 | 0.53% | 0.65% | 1.20% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Dolomite, Alabama
In Dolomite, 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 Jefferson 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 Dolomite, 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 highest median tax bill in Dolomite is $645 in the 35061 zip code, while the lowest is also $645 in the same zip code. Being aware of these valuation processes in Dolomite helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dolomite Assessed Value
$70,800
Average Jefferson County Assessed Value
$150,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dolomite, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35061 | $25,220 | $41,750 | $70,800 | $113,600 | $138,380 |
Source: Ownwell
Property Tax Bills Across Dolomite, Alabama
In Dolomite, located in Jefferson County, AL, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county tax assessor and typically represents a percentage of the property's market value. For example, with a median home price of $70,800, the assessed value forms the basis of the tax calculation. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location within the county and any applicable exemptions or deductions. Homeowners in Dolomite can expect tax bills that vary widely; for instance, the 25th percentile tax bill is around $401, while the 75th percentile tax bill reaches $918, and the 90th percentile climbs to $1,292. These variations reflect differences in property values and applicable tax rates. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Dolomite Tax Bill
$645
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Dolomite, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35061 | $245 | $401 | $645 | $918 | $1,292 |
Source: Ownwell