Homewood, Jefferson County, Alabama Property Taxes
Median Homewood, AL effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but higher than the Alabama state median of 0.47%.
Median Homewood, AL home value: $540,100
Median annual Homewood, AL tax bill: $4,078, $1,678 higher than the national median property tax bill of $2,400.
How are property taxes in Jefferson County calculated?
Property taxes in Homewood, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Homewood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Homewood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Homewood, Jefferson County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$3,997
$3,709
Property Tax Rates Across Homewood, Jefferson County, Alabama
Local government entities are responsible for setting tax rates, which can vary widely within Alabama. Each year, counties like Jefferson estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.
In Homewood, located in Jefferson County, the effective property tax rate is a reflection of this process. Comparing Homewood’s property tax rate to other cities in Alabama and to the national median provides valuable context. While the national median property tax rate stands at 1.02%, Alabama's rates can differ significantly due to local government decisions and budgetary needs. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.
By examining these rates, property owners can make informed decisions about appealing their property taxes or seeking exemptions. This knowledge empowers residents to navigate the complexities of property taxation with confidence.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Homewood Tax Rate
0.74%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Jefferson County Tax Rate
0.71%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Homewood, Jefferson County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35209 | 0.68% | 0.73% | 0.74% | 0.74% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Homewood, Jefferson County, Alabama
When examining property taxes in Homewood, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Jefferson County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Jefferson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Homewood.
For example, the median home price in Homewood is $540,100, with tax bills ranging significantly across the county. Zip code 35209 has the highest median home price at $540,100.
Property Tax Assessment Values Across Homewood, Jefferson County, Alabama
Source: Ownwell
$4,300
$414,375
$824,450
Median Homewood Market Value
$540,100
Median Jefferson County Market Value
$150,900
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Homewood, Jefferson County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35209 | $437,940 | $471,800 | $540,100 | $643,600 | $812,920 |
Source: Ownwell
Property Tax Bills Across Homewood, Jefferson County, Alabama
Median Homewood Tax Bill
$4,078
Median Jefferson County Tax Bill
$1,159
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Homewood, Jefferson County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35209 | $3,234 | $3,459 | $4,078 | $5,783 | $6,368 |
Source: Ownwell