Brilliant, Alabama Property Taxes
The median property tax rate in Brilliant, AL is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Brilliant at $70,605, the typical annual property tax bill is $258, well below the national median of $2,690. Property taxes in Brilliant are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brilliant'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 Brilliant or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brilliant, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Brilliant Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brilliant with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Brilliant to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by the county for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Brilliant, Alabama
Property taxes in Brilliant, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brilliant is 0.33%, significantly lower than both the Alabama state median of 0.37% and the U.S. national median of 0.99%. Local government entities within Brilliant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brilliant 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 Brilliant's effective property tax rate to other counties in Alabama and the national median. For comparison, 35203 has the highest median property tax rate of 0.66%, while 36862 has the lowest median tax rate of 0.16%. Understanding how these cities compare with Brilliant provides valuable insights into the varying tax landscape across Marion, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brilliant Tax Rate
0.34%
Average Marion County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brilliant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35548 | 0.20% | 0.24% | 0.34% | 0.54% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Brilliant, Alabama
In Brilliant, 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 Marion 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 Brilliant, 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 Brilliant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both recorded at $258 in the 35548 zip code.
Average Brilliant Assessed Value
$70,605
Average Marion County Assessed Value
$95,335
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brilliant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35548 | $27,167 | $41,358 | $70,605 | $123,179 | $186,764 |
Source: Ownwell
Property Tax Bills Across Brilliant, Alabama
In Brilliant, a city in Marion County, AL, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Factors such as property size, location, and improvements can influence this assessed value. The tax rate in Brilliant is applied to this assessed value to determine the annual property tax bill. For example, with a median home price of $70,605, homeowners can expect varying tax bills. The 25th percentile tax bill is around $140, while those in the 75th percentile might pay approximately $421. At the higher end, the 90th percentile tax bill reaches about $644. These property taxes fund essential local services, including schools, public safety, and infrastructure. While the median tax bill in Brilliant is relatively modest compared to the national median property tax rate of 0.99%, it remains a significant consideration for homeowners in managing their annual expenses.
Average Brilliant Tax Bill
$258
Average Marion County Tax Bill
$328
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Brilliant, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35548 | $77 | $140 | $258 | $421 | $644 |
Source: Ownwell