Forestdale, Alabama Property Taxes
The median property tax rate in Forestdale, AL is 0.68%, which is lower than the national median of 0.99% but higher than the Alabama state median of 0.47%. With a median home value of $50,650 in Forestdale, the typical annual property tax bill comes to $405, significantly below the national median of $2,690. Property taxes in Forestdale 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 Forestdale'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 Forestdale 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
Forestdale, 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 Forestdale Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Forestdale. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Forestdale to provide an accurate estimate of your property tax bill. This allows you to better understand your potential tax liabilities. For those interested in more detailed information, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring you get the most precise calculation possible.
Property Tax Rates Across Forestdale, Alabama
Property taxes in Forestdale, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forestdale is 0.68%, lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Forestdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forestdale 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 Forestdale's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35214 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Forestdale 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 Forestdale Tax Rate
0.68%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forestdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35214 | 0.54% | 0.60% | 0.68% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Forestdale, Alabama
In Forestdale, 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 Forestdale, 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 Forestdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 35214 has the highest and lowest median tax bill at $405.
Average Forestdale Assessed Value
$50,650
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 Forestdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35214 | $21,030 | $33,225 | $50,650 | $64,550 | $71,290 |
Source: Ownwell
Property Tax Bills Across Forestdale, Alabama
In Forestdale, Jefferson 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 Forestdale stands at $50,650. Property taxes are determined by multiplying the assessed value by the local tax rate. For example, the tax bill at the 25th percentile is $252, while at the 75th percentile, it rises to $671. The tax bill at the 90th percentile reaches $829. The highest and lowest median tax bills in the area are both $405, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence these tax bills, including property size, location, and any applicable exemptions. For homeowners, this means that property taxes can vary widely depending on the specific characteristics of their property. Lower tax bills can ease the financial burden on homeowners, making it more affordable to own property in Forestdale compared to other regions with higher tax rates.
Average Forestdale Tax Bill
$405
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Forestdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35214 | $209 | $252 | $405 | $671 | $829 |
Source: Ownwell