Brownsboro, Alabama Property Taxes
The median property tax rate in Brownsboro, AL is 0.57%, slightly higher than the state median of 0.47% but lower than the national median of 0.99%. With a median home value of $354,700 in Brownsboro, the typical annual property tax bill amounts to $1,936, which is below the national median of $2,690. Property taxes in Brownsboro are calculated based on the tax assessed value, often less than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Brownsboro’s property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Brownsboro or another part of Madison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brownsboro, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$2,022
$1,876
Ownwell’s Brownsboro Property Tax Bill Calculator helps homeowners, real estate investors, and potential buyers estimate their annual property taxes in Brownsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownsboro 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 Madison County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brownsboro, Alabama
Property taxes in Brownsboro, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownsboro is 0.57%, lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Brownsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownsboro 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 Brownsboro's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35741 zip code has the highest median property tax rate of 0.57%, while the 35741 zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Brownsboro provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownsboro Tax Rate
0.57%
Average Madison County Tax Rate
0.56%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35741 | 0.29% | 0.35% | 0.57% | 0.57% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Brownsboro, Alabama
In Brownsboro, 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 Madison 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 Brownsboro, 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 Brownsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Brownsboro's property tax landscape varies significantly, with the median home price at $354,700. The tax bill for the 25th percentile is $764, while the 75th percentile sees a tax bill of $2,810. Notably, the highest and lowest median tax bill, both at $1,936, is found in the 35741 zip code.
Property Tax Assessment Values Across Brownsboro, Alabama
Source: Ownwell
$97,250
$5,548,625
$11,000,000
Average Brownsboro Assessed Value
$354,700
Average Madison County Assessed Value
$243,200
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35741 | $103,650 | $184,875 | $354,700 | $490,225 | $653,700 |
Source: Ownwell
Property Tax Bills Across Brownsboro, Alabama
In Brownsboro, Madison County, AL, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The county uses this assessed value to determine your property tax bill by applying the local tax rate. For instance, the median home price in Brownsboro is $354,700. Homeowners in the 25th percentile typically see tax bills around $764, while those in the 75th percentile face bills closer to $2,810. The highest median tax bill recorded in the area is $1,936, consistent across zip code 35741. These tax bills impact homeowners by affecting their overall housing costs, potentially influencing decisions on home purchases and long-term financial planning. Compared to the national median property tax rate of 0.99%, Brownsboro's tax rates can vary significantly, highlighting the importance of understanding local property tax dynamics. This variation ensures that homeowners need to be proactive in managing their property tax obligations to avoid unexpected financial burdens.
Average Brownsboro Tax Bill
$1,936
Average Madison County Tax Bill
$1,321
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownsboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35741 | $386 | $764 | $1,936 | $2,810 | $3,993 |
Source: Ownwell