Mountain Brook, Alabama Property Taxes
The median property tax rate in Mountain Brook, AL is 1.09%, considerably higher than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Mountain Brook at $1,003,600, the typical annual property tax bill reaches $10,260, exceeding the national median of $2,690. Property taxes in Mountain Brook 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 Mountain Brook'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 Mountain Brook 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
Mountain Brook, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$10,939
$10,151
Ownwell’s Mountain Brook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountain Brook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain Brook 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 Mountain Brook, Alabama
Property taxes in Mountain Brook, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain Brook is 1.09%, higher than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Mountain Brook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain Brook 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 Mountain Brook's effective property tax rate to other areas in Alabama and the national median. For comparison, the 35243 ZIP code has the highest median property tax rate of 1.09%, while the 35223 ZIP code has the lowest median tax rate of 1.05%. Understanding how these areas compare with Mountain Brook 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 Mountain Brook Tax Rate
1.09%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountain Brook, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35223 | 0.43% | 0.88% | 1.05% | 1.08% | 1.20% |
| 35243 | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Mountain Brook, Alabama
In Mountain Brook, 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 Mountain Brook, 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 Mountain Brook is $15,418 in the 35243 zip code, while the lowest is $8,876 in the 35223 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mountain Brook, Alabama
Source: Ownwell
$3,100
$711,250
$1,419,400
Average Mountain Brook Assessed Value
$1,003,600
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 Mountain Brook, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35223 | $534,030 | $670,725 | $824,450 | $898,825 | $1,034,450 |
| 35243 | $1,334,200 | $1,387,450 | $1,419,400 | $1,493,550 | $1,811,260 |
Source: Ownwell
Property Tax Bills Across Mountain Brook, Alabama
In Mountain Brook, located in 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 here is $1,003,600. Local tax authorities determine the assessed value by evaluating various factors, including the property's size, location, and condition. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Mountain Brook, the tax bills can vary significantly. The 25th percentile tax bill is around $8,634, while the 75th percentile reaches up to $15,137. At the 90th percentile, homeowners might pay as much as $16,102 annually. Comparatively, these figures are higher than the national median property tax rate of 0.99%, reflecting the area's higher property values and tax rates. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life and property values in the community.
Average Mountain Brook Tax Bill
$10,260
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountain Brook, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35223 | $3,011 | $6,199 | $8,876 | $9,340 | $10,659 |
| 35243 | $14,490 | $15,071 | $15,418 | $16,227 | $19,712 |
Source: Ownwell