Meadowbrook, Alabama Property Taxes
The median property tax rate in Meadowbrook, AL is 0.47%, aligning with the state median but significantly lower than the national median of 0.99%. With a median home value of $201,800 in Meadowbrook, the typical annual property tax bill amounts to $958, which is well below the national median of $2,690. Property taxes in Meadowbrook are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Meadowbrook'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 Meadowbrook or another part of Jefferson County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Meadowbrook, 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 Meadowbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meadowbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meadowbrook 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 Meadowbrook, Alabama
Property taxes in Meadowbrook, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meadowbrook is 0.47%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Meadowbrook set these rates annually, and they can vary across different neighborhoods. Each year, Meadowbrook 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 Meadowbrook's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35242 zip code has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Meadowbrook 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 Meadowbrook Tax Rate
0.47%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meadowbrook, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35242 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Meadowbrook, Alabama
In Meadowbrook, 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. Assessment notices in Meadowbrook 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 Meadowbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Meadowbrook is $201,800, with the highest and lowest median tax bills both being $958 in the 35242 zip code.
Average Meadowbrook Assessed Value
$201,800
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 Meadowbrook, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35242 | $201,800 | $201,800 | $201,800 | $201,800 | $201,800 |
Source: Ownwell
Property Tax Bills Across Meadowbrook, Alabama
In Meadowbrook, Jefferson County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For instance, if the median home price in Meadowbrook is $201,800, the assessed value would be a portion of that figure. The property tax rate in Meadowbrook is then applied to the assessed value to determine the annual tax bill. In Meadowbrook, homeowners can expect their property tax bill to be around $958, which is consistent across the 25th, 75th, and 90th percentiles. This uniformity suggests a stable tax rate within the area. Compared to the national median property tax rate of 0.99%, Meadowbrook's tax rate results in relatively predictable and manageable tax bills for homeowners. This stability can be beneficial for budgeting and financial planning, making Meadowbrook an attractive place for property owners.
Average Meadowbrook Tax Bill
$958
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Meadowbrook, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35242 | $958 | $958 | $958 | $958 | $958 |
Source: Ownwell