Vestavia, Alabama Property Taxes
The median property tax rate in Vestavia, AL is 0.91%, which is lower than the national median of 0.99% but significantly higher than the Alabama state median of 0.47%. With the median home value in Vestavia at $426,700, the typical annual property tax bill reaches $4,134, far exceeding the national median of $2,690. Property taxes in Vestavia 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 Vestavia'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 Vestavia 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
Vestavia, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$3,883
Ownwell’s Vestavia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vestavia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vestavia 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 Vestavia, Alabama
Property taxes in Vestavia, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vestavia is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Vestavia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vestavia 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 Vestavia's effective property tax rate to other areas within Jefferson County and the national median. For comparison, the 35242 zip code has the highest median property tax rate of 0.92%, while the 35223 zip code has the lowest median tax rate of 0.91%. Understanding how these cities compare with Vestavia 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 Vestavia Tax Rate
0.91%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vestavia, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35216 | 0.86% | 0.91% | 0.92% | 0.92% | 0.92% |
| 35223 | 0.85% | 0.91% | 0.91% | 0.92% | 1.08% |
| 35226 | 0.85% | 0.91% | 0.91% | 0.91% | 1.57% |
| 35242 | 0.86% | 0.92% | 0.92% | 0.92% | 0.92% |
| 35243 | 0.84% | 0.90% | 0.91% | 0.92% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Vestavia, Alabama
In Vestavia, 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 Vestavia, 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. For instance, the median home price in Vestavia is $426,700, and the annual property tax bill varies significantly. The highest median tax bill is $5,406 in zip code 35242, while the lowest is $3,073 in zip code 35223. 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 Vestavia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vestavia Assessed Value
$426,700
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 Vestavia, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35216 | $352,230 | $412,475 | $504,400 | $733,175 | $1,065,100 |
| 35223 | $279,820 | $302,700 | $333,500 | $425,600 | $677,860 |
| 35226 | $130,800 | $327,800 | $376,300 | $420,200 | $503,200 |
| 35242 | $370,640 | $492,500 | $581,500 | $713,600 | $915,000 |
| 35243 | $230,800 | $305,700 | $402,300 | $598,400 | $803,900 |
Source: Ownwell
Property Tax Bills Across Vestavia, Alabama
In Vestavia, property tax bills are calculated based on the assessed value of your home, which is determined by the Jefferson County tax assessor. The assessed value is typically a percentage of the market value of your property. For example, if your home has a market value of $426,700, the assessed value would be a fraction of this amount, depending on local assessment ratios. Once the assessed value is established, the local tax rate is applied to determine your annual property tax bill. In Vestavia, the median property tax bill ranges from $3,098 at the 25th percentile to $7,722 at the 90th percentile. These figures indicate that tax bills can vary significantly based on the value of the property and the specific area within the city. Homeowners in Vestavia should be aware that property taxes can have a considerable impact on their annual expenses. For instance, the highest median tax bill in the area is $5,406, which is higher than the national median property tax rate of 0.99%. Understanding these factors can help homeowners budget effectively and anticipate their financial obligations.
Average Vestavia Tax Bill
$4,134
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Vestavia, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35216 | $3,350 | $3,857 | $4,841 | $7,124 | $10,012 |
| 35223 | $2,491 | $2,748 | $3,073 | $4,545 | $6,703 |
| 35226 | $2,172 | $3,009 | $3,460 | $3,923 | $5,204 |
| 35242 | $3,390 | $4,584 | $5,406 | $6,674 | $8,719 |
| 35243 | $2,016 | $2,849 | $3,897 | $5,655 | $7,607 |
Source: Ownwell