Maylene, Alabama Property Taxes
The median property tax rate in Maylene, AL is 1.08%, notably higher than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Maylene at $148,405, the typical annual property tax bill reaches $1,125, which is below the national median of $2,690. Property taxes in Maylene 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 Maylene'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 Maylene 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
Maylene, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,603
$1,487
Ownwell’s MAYLENE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MAYLENE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MAYLENE 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 Maylene, Alabama
Property taxes in Maylene, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maylene is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Maylene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maylene 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 Maylene's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35114 zip code has the highest median property tax rate of 0.33%, while the same zip code has the lowest median tax rate of 0.33%. Understanding how these cities compare with Maylene provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maylene Tax Rate
1.08%
Average Shelby County Tax Rate
0.48%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maylene, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35114 | 0.50% | 0.52% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Maylene, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maylene, Alabama. 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 Shelby 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 Maylene, 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 Maylene is $148,405, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $913, while the 75th percentile reaches $1,781. Notably, the highest median tax bill in the area is $1,125, found in the 35114 zip code, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maylene Assessed Value
$148,405
Average Shelby County Assessed Value
$249,060
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maylene, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35114 | $76,378 | $93,385 | $148,405 | $228,825 | $337,539 |
Source: Ownwell
Property Tax Bills Across Maylene, Alabama
In Maylene, located in Shelby County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions are considered in the assessment process. For homeowners in Maylene, the median home price stands at $148,405. Consequently, the property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $913, while the 75th percentile reaches $1,781, and the 90th percentile can be as high as $2,789. The highest median tax bill in the area is $1,125, which is relatively low compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Maylene Tax Bill
$1,125
Average Shelby County Tax Bill
$1,229
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Maylene, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35114 | $630 | $913 | $1,125 | $1,781 | $2,789 |
Source: Ownwell