Harvest, Alabama Property Taxes
The median property tax rate in Harvest, AL is 0.60%, slightly higher than the Alabama state median of 0.47% but still below the national median of 0.99%. With a median home value of $232,750 in Harvest, the typical annual property tax bill is $1,224, which is significantly lower than the national median of $2,690. Property taxes in Harvest are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Harvest's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Harvest or another part of Limestone County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harvest, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,397
$1,296
Ownwell’s Harvest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harvest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harvest 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 Harvest, Alabama
Property taxes in Harvest, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harvest is 0.60%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Harvest set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harvest 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 Harvest's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35749 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Harvest 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 Harvest Tax Rate
0.60%
Average Limestone County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harvest, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35749 | 0.30% | 0.35% | 0.60% | 0.70% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Harvest, Alabama
In Harvest, 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 Harvest, 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 zip code with the highest and lowest median tax bill in Harvest is 35749, with a median tax bill of $1,224. Being aware of these valuation processes in Harvest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harvest Assessed Value
$232,750
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 Harvest, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35749 | $143,900 | $178,950 | $232,750 | $293,425 | $365,970 |
Source: Ownwell
Property Tax Bills Across Harvest, Alabama
In Harvest, located in Limestone County, AL, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in Harvest is $232,750. Property taxes are influenced by several factors, including the property's assessed value, local tax rates, and applicable exemptions. For instance, the tax bill at the 25th percentile is $770, while at the 75th percentile, it rises to $1753, and at the 90th percentile, it reaches $2561. These tax bills have a significant impact on homeowners, influencing their overall housing costs. With the highest median tax bill at $1224 in the 35749 zip code, Harvest's property tax rates are relatively lower compared to the national median property tax rate of 0.99%. Lower property taxes can make homeownership more affordable, potentially attracting more residents to the area. Understanding how these taxes are calculated helps homeowners better manage their financial planning and housing expenses.
Average Harvest Tax Bill
$1,224
Average Limestone County Tax Bill
$871
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Harvest, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35749 | $500 | $770 | $1,224 | $1,753 | $2,561 |
Source: Ownwell