Vinegar Bend, Alabama Property Taxes
The median property tax rate in Vinegar Bend, Alabama is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Vinegar Bend at $93,700, the typical annual property tax bill amounts to $220, far below the national median of $2,690. Property taxes in Vinegar Bend are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Vinegar Bend’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 Vinegar Bend 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
Vinegar Bend, 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 Vinegar Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vinegar Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vinegar Bend 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 Vinegar Bend, Alabama
Property taxes in Vinegar Bend, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Vinegar Bend is 0.33%, significantly lower than the U.S. national median of 0.99%. Local government entities within Vinegar Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vinegar Bend 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 Vinegar Bend'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 0.66%, while the lowest median tax rate is 0.24%. Understanding how these cities compare with Vinegar Bend provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vinegar Bend Tax Rate
0.27%
Average Washington County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vinegar Bend, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36584 | 0.15% | 0.22% | 0.27% | 0.30% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Vinegar Bend, Alabama
In Vinegar Bend, 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 county 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 Vinegar Bend, 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 Vinegar Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Vinegar Bend is $93,700, with the 25th percentile tax bill at $111 and the 75th percentile tax bill at $385. The highest and lowest median tax bills, both at $220, occur in zip code 36584.
Average Vinegar Bend Assessed Value
$93,700
Average Washington County Assessed Value
$82,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vinegar Bend, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36584 | $28,100 | $51,900 | $93,700 | $154,300 | $218,400 |
Source: Ownwell
Property Tax Bills Across Vinegar Bend, Alabama
In Vinegar Bend, located in Washington County, AL, property tax bills are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value, which is determined by the local tax assessor's office. Homeowners in Vinegar Bend can expect their property tax bills to fall within a range, with the 25th percentile paying around $111 and the 75th percentile paying approximately $385. For those at the higher end, the 90th percentile tax bill reaches up to $556. Factors considered in determining property tax bills include the property's location, size, and any improvements made. These taxes are essential for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Vinegar Bend's rates are relatively moderate, making it an appealing location for homeowners seeking affordability. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Vinegar Bend Tax Bill
$220
Average Washington County Tax Bill
$215
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Vinegar Bend, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36584 | $65 | $111 | $220 | $385 | $556 |
Source: Ownwell