Midfield, Alabama Property Taxes
The median property tax rate in Midfield, AL is 1.50%, considerably higher than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Midfield at $68,900, the typical annual property tax bill reaches $816, exceeding the national median of $2,690. Property taxes in Midfield 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 Midfield'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 Midfield 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
Midfield, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$1,034
$959
Ownwell’s Midfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Midfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Midfield 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 Midfield, Alabama
Property taxes in Midfield, Alabama, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Midfield stands at 1.50%, which is significantly higher than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Midfield set these rates annually, and they can vary considerably across different neighborhoods. Each year, Midfield 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 Midfield's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35228 has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Midfield 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 Midfield Tax Rate
1.50%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Midfield, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35228 | 0.74% | 0.77% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Midfield, Alabama
In Midfield, 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 Midfield, 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 Midfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $816 in zip code 35228, while the lowest median tax bill is also $816 in the same zip code.
Average Midfield Assessed Value
$68,900
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 Midfield, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35228 | $37,100 | $53,400 | $68,900 | $87,500 | $102,600 |
Source: Ownwell
Property Tax Bills Across Midfield, Alabama
In Midfield, located in Jefferson County, AL, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value typically represents a percentage of the property's market value. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the median home price in Midfield is $68,900, which can result in varying tax bills. Homeowners in the 25th percentile might see tax bills around $587, while those in the 75th percentile could pay approximately $1,093. In the 90th percentile, the tax bill can reach up to $1,373. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Midfield's property taxes can be considered moderate, providing essential community benefits without being overly burdensome.
Average Midfield Tax Bill
$816
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Midfield, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35228 | $399 | $587 | $816 | $1,093 | $1,373 |
Source: Ownwell