Pine Hill, Alabama Property Taxes
The median property tax rate in Pine Hill, AL is 0.31%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Pine Hill, the typical annual property tax bill amounts to $284, well below the national median of $2,690. Property taxes in Pine Hill are calculated based on the assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pine Hill'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 Pine Hill or another part of Marengo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pine Hill, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$326
$302
Ownwell’s Pine Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Hill 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 Pine Hill, Alabama
Property taxes in Pine Hill, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Hill is 0.31%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Pine Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Hill 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 Pine Hill's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in Shelby County at 0.43%, while the lowest median tax rate is in Choctaw County at 0.18%. Understanding how these cities compare with Pine Hill provides valuable insights into the varying tax landscape across Marengo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Hill Tax Rate
0.31%
Average Marengo County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36769 | 0.11% | 0.24% | 0.31% | 0.35% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Pine Hill, Alabama
In Pine Hill, 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 Marengo 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 Pine Hill, 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 median home price in Pine Hill is $105,040, with tax bills ranging from $143 at the 25th percentile to $847 at the 90th percentile. Being aware of these valuation processes in Pine Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pine Hill Assessed Value
$105,040
Average Marengo County Assessed Value
$83,940
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36769 | $24,240 | $46,880 | $105,040 | $160,900 | $227,524 |
Source: Ownwell
Property Tax Bills Across Pine Hill, Alabama
In Pine Hill, Marengo County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Pine Hill can expect their property tax bills to vary widely, with the 25th percentile tax bill at $143 and the 75th percentile reaching $518. The highest median tax bill recorded in the area is $284, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. For homeowners, understanding how their property tax bill is calculated can help them better manage their finances and anticipate yearly expenses. The variability in tax bills highlights the importance of accurate property assessments and the potential benefits of appealing assessments if they seem disproportionately high.
Average Pine Hill Tax Bill
$284
Average Marengo County Tax Bill
$351
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36769 | $41 | $143 | $284 | $518 | $847 |
Source: Ownwell