Hazel Green, Madison County, Alabama Property Taxes
The median property tax rate in Hazel Green, AL is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $187,500 in Hazel Green, the typical annual property tax bill amounts to $720, which is well below the national median of $2,690. Property taxes in Hazel Green are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hazel Green'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 Hazel Green or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hazel Green, Madison County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$638
$592
Ownwell’s Hazel Green Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hazel Green with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hazel Green 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 Hazel Green, Madison County, Alabama
Property taxes in Hazel Green, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hazel Green is 0.34%, significantly lower than both the Alabama state median of 0.37% and the U.S. national median of 0.99%. Local government entities within Hazel Green set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hazel Green 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 Hazel Green's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the state is 0.66%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Hazel Green 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 Hazel Green Tax Rate
0.34%
Average Madison County Tax Rate
0.56%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hazel Green, Madison County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35750 | 0.28% | 0.32% | 0.34% | 0.67% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Hazel Green, Madison County, Alabama
In Hazel Green, 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 Hazel Green, 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. In Hazel Green, the median home price is $187,500, with tax bills varying significantly. The 25th percentile tax bill is $488, while the 75th percentile tax bill reaches $1,069. The highest median tax bill in the area is $720 in the 35750 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hazel Green, Madison County, Alabama
Source: Ownwell
$97,250
$226,775
$356,300
Average Hazel Green Assessed Value
$187,500
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 Hazel Green, Madison County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35750 | $74,600 | $126,100 | $187,500 | $270,750 | $361,560 |
Source: Ownwell
Property Tax Bills Across Hazel Green, Madison County, Alabama
In Hazel Green, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as the property's location, size, and condition play a significant role in its market value and, consequently, its assessed value. In Madison County, where Hazel Green is located, the median home price is $187,500. Homeowners in this area can expect their tax bills to vary widely, with the 25th percentile at $488 and the 75th percentile at $1069. The 90th percentile tax bill reaches up to $1543. This variation means that while some homeowners may face relatively low property taxes, others could see much higher amounts based on their property's assessed value. The highest and lowest median tax bills in the area are both $720, highlighting the range of potential tax obligations for homeowners. Compared to the national median property tax rate of 0.99%, Hazel Green's rates can offer both advantages and challenges, depending on individual property assessments.
Average Hazel Green Tax Bill
$720
Average Madison County Tax Bill
$1,321
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Hazel Green, Madison County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35750 | $277 | $488 | $720 | $1,069 | $1,543 |
Source: Ownwell