Vina, Alabama Property Taxes
The median property tax rate in Vina, AL is 0.27%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value in Vina of $88,285, the typical annual property tax bill is $262, well below the national median of $2,690. Property taxes in Vina are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Vina'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 Vina or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vina, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$238
$221
Ownwell’s Vina Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Vina with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Vina to project your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Vina, Alabama
Property taxes in Vina, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Vina is 0.27%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Vina set these rates annually, and they can vary considerably across different neighborhoods. Each year, Vina 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 foundation for setting property tax rates. The data below compares Vina's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the area is found in a nearby zip code with a rate of 0.33%, while another neighboring zip code has the lowest median tax rate of 0.22%. Understanding how these cities compare with Vina 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 Vina 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 Vina, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35593 | 0.18% | 0.22% | 0.27% | 0.43% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Vina, Alabama
In Vina, 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 for tax purposes by the local authorities. 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 Vina, 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 Vina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Vina is $88,285, with the highest median tax bill in zip code 35593 being $262.
Average Vina Assessed Value
$88,285
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 Vina, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35593 | $41,282 | $58,140 | $88,285 | $129,005 | $197,147 |
Source: Ownwell
Property Tax Bills Across Vina, Alabama
In Vina, located in Marion County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Vina is $88,285, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the home's assessed value and the local tax rate. Homeowners in Vina can expect their tax bills to vary, with the 25th percentile at $171 and the 75th percentile at $386. For those at the 90th percentile, tax bills can reach up to $586. Comparatively, the national median property tax rate is 0.99%, making Vina's property tax landscape relatively moderate. These tax bills play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Vina's residents.
Average Vina Tax Bill
$262
Average Marion County Tax Bill
$328
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Vina, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35593 | $104 | $171 | $262 | $386 | $586 |
Source: Ownwell