Haleyville, Alabama Property Taxes
The median property tax rate in Haleyville, AL is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Haleyville at $78,490, the typical annual property tax bill is $282, far below the national median of $2,690. Property taxes in Haleyville are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Haleyville'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 Haleyville 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
Haleyville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$259
$240
Ownwell’s Haleyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haleyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haleyville 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 Haleyville, Alabama
Property taxes in Haleyville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haleyville is 0.33%, which is significantly lower than both the Alabama state median of 0.39% and the U.S. national median of 0.99%. Local government entities within Haleyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haleyville 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 Haleyville'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 0.16%. Understanding how these cities compare with Haleyville provides valuable insights into the varying tax landscape across Winston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haleyville Tax Rate
0.33%
Average Winston County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haleyville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35565 | 0.19% | 0.25% | 0.33% | 0.56% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Haleyville, Alabama
In Haleyville, 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 Winston 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 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 Haleyville is $78,490, with tax bills ranging from $138 at the 25th percentile to $775 at the 90th percentile. The highest and lowest median tax bills are both $282 in zip code 35565. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Haleyville Assessed Value
$78,490
Average Winston County Assessed Value
$114,100
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Haleyville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35565 | $22,990 | $44,220 | $78,490 | $133,650 | $206,450 |
Source: Ownwell
Property Tax Bills Across Haleyville, Alabama
In Haleyville, located in Winston County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For homeowners in Haleyville, the median home price is $78,490. Property tax rates in Haleyville are relatively low compared to the national median property tax rate of 0.99%. The tax bill for a property is influenced by various factors, including the assessed value, local tax rates, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $138, while at the 75th percentile it reaches $488, and at the 90th percentile, it can go up to $775. The highest and lowest median tax bill in the region both stand at $282, indicating a consistency in tax assessments within certain zip codes. These tax bills significantly impact homeowners, as they contribute to the overall cost of owning a property. Understanding how these bills are calculated helps homeowners plan their finances better and take advantage of any available exemptions to lower their tax burden.
Average Haleyville Tax Bill
$282
Average Winston County Tax Bill
$384
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Haleyville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35565 | $62 | $138 | $282 | $488 | $775 |
Source: Ownwell