Beaverton, Alabama Property Taxes
The median property tax rate in Beaverton, Alabama is 0.29%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Beaverton, the typical annual property tax bill reaches $206, far below the national median of $2,690. Property taxes in Beaverton 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 Beaverton'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 Beaverton 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
Beaverton, 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 Beaverton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaverton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaverton 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 Beaverton, Alabama
Property taxes in Beaverton, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaverton is 0.29%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Beaverton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaverton 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 Beaverton's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35203 zip code has the highest median property tax rate of 0.66%, while the 35004 zip code has the lowest median tax rate of 0.35%. Understanding how these areas compare with Beaverton provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaverton Tax Rate
0.29%
Average Lamar County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaverton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35544 | 0.15% | 0.22% | 0.29% | 0.39% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Beaverton, Alabama
In Beaverton, 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 Lamar 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 Beaverton, 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 Beaverton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Beaverton is $206 in the 35544 zip code, while the lowest median tax bill is also $206 in the same zip code.
Average Beaverton Assessed Value
$74,060
Average Lamar County Assessed Value
$83,780
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaverton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35544 | $22,380 | $37,070 | $74,060 | $127,010 | $205,788 |
Source: Ownwell
Property Tax Bills Across Beaverton, Alabama
In Beaverton, located in Lamar 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 in Beaverton is $74,060. Property taxes are then determined by applying the local tax rate to this assessed value. For example, homeowners in Beaverton can expect their tax bills to vary widely, with the 25th percentile at $104 and the 75th percentile reaching $395. The 90th percentile tax bill can be as high as $679, indicating a significant range in what homeowners might owe. Several factors influence these tax bills, including the property's assessed value, any applicable exemptions, and the local tax rate. This variability means that while some homeowners might find their tax obligations manageable, others could face higher financial burdens. Compared to the national median property tax rate of 0.99%, Beaverton's tax rates reflect the localized economic conditions and property values, directly impacting homeowners' annual expenses.
Average Beaverton Tax Bill
$206
Average Lamar County Tax Bill
$248
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaverton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35544 | $46 | $104 | $206 | $395 | $679 |
Source: Ownwell