Vestavia Hls, Alabama Property Taxes
The median property tax rate in Vestavia Hls, AL is 0.92%, which is slightly below the national median of 0.99% but significantly higher than the Alabama state median of 0.47%. With a median home value of $861,900 in Vestavia Hls, the typical annual property tax bill reaches $8,489, far exceeding the national median of $2,690. Property taxes in Vestavia Hls 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 Vestavia Hls' 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 Hls 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 Hls, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$7,929
$7,358
Ownwell’s Vestavia Hls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vestavia Hls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vestavia Hls 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 Jefferson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Vestavia Hls, Alabama
Property taxes in Vestavia Hls, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vestavia Hls is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Vestavia Hls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vestavia Hls 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 Hls'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 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Vestavia Hls 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 Hls Tax Rate
0.92%
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 Hls, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35242 | 0.81% | 0.86% | 0.92% | 0.92% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Vestavia Hls, Alabama
In Vestavia Hills, 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 Hills, 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. For example, the highest median tax bill in the area is $8,489 in zip code 35242. Being aware of these valuation processes in Vestavia Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vestavia Hls Assessed Value
$861,900
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 Vestavia Hls, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35242 | $475,270 | $717,175 | $861,900 | $1,152,550 | $1,797,220 |
Source: Ownwell
Property Tax Bills Across Vestavia Hls, Alabama
In Vestavia Hills, located in 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 home's market value. In this region, the median home price stands at $861,900, influencing the overall tax bill homeowners can expect. Various factors are considered in calculating the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, the tax bill at the 25th percentile is approximately $6,239, while at the 75th percentile, it rises to about $13,178. For those in the 90th percentile, the tax bill can reach as high as $19,997. These property taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting the community. Homeowners in Vestavia Hills should be aware of these factors as they significantly affect their annual financial planning and homeownership costs.
Average Vestavia Hls Tax Bill
$8,489
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Vestavia Hls, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35242 | $4,235 | $6,239 | $8,489 | $13,178 | $19,997 |
Source: Ownwell