Belle Mina, Alabama Property Taxes
The median property tax rate in Belle Mina, AL is 0.52%, slightly higher than the state median of 0.47% but still below the national median of 0.99%. With the median home value in Belle Mina at $76,600, the typical annual property tax bill is $363, significantly lower than the national median of $2,690. Property taxes in Belle Mina are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Belle Mina'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 Belle Mina or another part of Limestone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belle Mina, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$398
Ownwell’s BELLE MINA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BELLE MINA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BELLE MINA 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 Belle Mina, Alabama
Property taxes in Belle Mina, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Mina is 0.52%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Belle Mina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Mina 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 Belle Mina's effective property tax rate to other counties in Alabama and the national median. For comparison, the ZIP code 35615 has both the highest and lowest median property tax rate of 0.52%. Understanding how these cities compare with Belle Mina provides valuable insights into the varying tax landscape across Limestone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Mina Tax Rate
0.52%
Average Limestone County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Mina, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35615 | 0.16% | 0.35% | 0.52% | 0.84% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Belle Mina, Alabama
In Belle Mina, 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 Limestone 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 Belle Mina, 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. The median home price in Belle Mina is $76,600, with tax bills ranging from $241 at the 25th percentile to $993 at the 90th percentile. The highest and lowest median tax bills are both $363, found in zip code 35615. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belle Mina Assessed Value
$76,600
Average Limestone County Assessed Value
$202,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle Mina, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35615 | $25,140 | $55,300 | $76,600 | $116,700 | $224,160 |
Source: Ownwell
Property Tax Bills Across Belle Mina, Alabama
In Belle Mina, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Belle Mina is $76,600. The tax rate in Limestone County is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's location, its assessed value, and any applicable exemptions. For homeowners in Belle Mina, property tax bills can vary significantly. The tax bill at the 25th percentile is $241, while at the 75th percentile, it rises to $620. At the 90th percentile, it reaches $993. These variations highlight the impact of property values and local tax rates on homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Belle Mina's property taxes offer a relatively affordable option for homeowners, making it an attractive place for those looking to manage their tax liabilities while owning property.
Average Belle Mina Tax Bill
$363
Average Limestone County Tax Bill
$871
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Mina, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35615 | $102 | $241 | $363 | $620 | $993 |
Source: Ownwell