Haleyville, Alabama Property Taxes
The median property tax rate in Haleyville, Alabama is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $65,418, the typical annual property tax bill in Haleyville is $198, far below the national median of $2,690. Property taxes in Haleyville 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 Haleyville'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 Haleyville or another part of Marion County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Haleyville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$177
$164
Ownwell’s Haleyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haleyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haleyville 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 Haleyville, Alabama
Property taxes in Haleyville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haleyville is 0.27%, which is significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Haleyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haleyville 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 Haleyville'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 0.41%, while the lowest median tax rate is in Crenshaw County, at 0.16%. Understanding how these counties compare with Haleyville provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haleyville Tax Rate
0.27%
Average Marion County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haleyville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35565 | 0.15% | 0.21% | 0.27% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Haleyville, Alabama
In Haleyville, 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 Haleyville, 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. The median home price in Haleyville is $65,418, with tax bills ranging from $107 at the 25th percentile to $574 at the 90th percentile. The highest and lowest median tax bills are both $198 in the 35565 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Haleyville Assessed Value
$65,418
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 Haleyville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35565 | $21,335 | $36,805 | $65,418 | $110,866 | $173,138 |
Source: Ownwell
Property Tax Bills Across Haleyville, Alabama
Property tax bills in Haleyville, located in Marion County, Alabama, are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. In Haleyville, the median home price is $65,418, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $107, while the 75th percentile tax bill is $353. At the 90th percentile, homeowners might see tax bills as high as $574. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Haleyville's rates are relatively modest. This lower tax burden can be beneficial for homeowners, making it an attractive place for those looking to minimize their property tax expenses.
Average Haleyville Tax Bill
$198
Average Marion County Tax Bill
$328
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Haleyville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35565 | $54 | $107 | $198 | $353 | $574 |
Source: Ownwell