Lineville, Alabama Property Taxes
The median property tax rate in Lineville, AL is 0.32%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Lineville, the typical annual property tax bill reaches $523, which is well below the national median of $2,690. Property taxes in Lineville are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lineville'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 Lineville or another part of Randolph County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lineville, 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 Lineville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lineville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lineville 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 Lineville, Alabama
Property taxes in Lineville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lineville is 0.32%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Lineville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lineville 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 Lineville'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 Crenshaw County at 0.16%. Understanding how these counties compare with Lineville provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lineville Tax Rate
0.32%
Average Randolph County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lineville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36266 | 0.23% | 0.28% | 0.32% | 0.46% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Lineville, Alabama
In Lineville, 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 Randolph 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 Lineville, 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 Lineville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 36266 has the highest and lowest median tax bill at $523.
Average Lineville Assessed Value
$145,362
Average Randolph County Assessed Value
$99,646
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lineville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36266 | $36,313 | $70,335 | $145,362 | $263,892 | $383,053 |
Source: Ownwell
Property Tax Bills Across Lineville, Alabama
In Lineville, Randolph County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $145,362, the assessed value is determined by local assessment rates. The property tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Lineville experience a range of tax bills, from the 25th percentile at $230 to the 90th percentile at $1,427, reflecting the variability in property values and assessment practices. The median tax bill in the area is notably lower than the national median property tax rate of 0.99%. Property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Lineville Tax Bill
$523
Average Randolph County Tax Bill
$364
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Lineville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36266 | $119 | $230 | $523 | $961 | $1,427 |
Source: Ownwell