Leeds, Alabama Property Taxes
The median property tax rate in Leeds, AL is 0.41%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Leeds, the typical annual property tax bill reaches $732, well below the national median of $2,690. Property taxes in Leeds 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 Leeds' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Leeds 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
Leeds, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$668
Ownwell’s Leeds Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leeds with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leeds 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 Leeds, Alabama
Property taxes in Leeds, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leeds is 0.41%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Leeds set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leeds 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 Leeds's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35094 zip code has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with Leeds provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leeds Tax Rate
0.41%
Average St. Clair County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leeds, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35094 | 0.37% | 0.40% | 0.41% | 0.49% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Leeds, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Leeds, 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 St. Clair 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. Assessment notices in Leeds 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 Leeds helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 35094 has the median tax bill of $732, reflecting the local property tax landscape.
Average Leeds Assessed Value
$163,030
Average St. Clair County Assessed Value
$169,020
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leeds, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35094 | $57,350 | $113,542 | $163,030 | $204,115 | $236,405 |
Source: Ownwell
Property Tax Bills Across Leeds, Alabama
In Leeds, located in St. Clair County, AL, property tax bills are calculated using the assessed value of a home, which is typically a percentage of its market value. The median home price in Leeds is $163,030. Homeowners in this area can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $523, while the 75th percentile tax bill is around $959. Those in the 90th percentile might see tax bills as high as $1,223. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. The median property tax rate in Leeds is relatively low compared to the national median of 0.99%. This means homeowners in Leeds might find their property tax bills more manageable than those in higher-tax areas. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Leeds Tax Bill
$732
Average St. Clair County Tax Bill
$648
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Leeds, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35094 | $223 | $523 | $732 | $959 | $1,223 |
Source: Ownwell