Kennedy, Fayette County, Alabama Property Taxes

Name: Property Tax Bills Across Kennedy, Fayette County, Alabama
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Kennedy, AL effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Kennedy, AL home value: $81,450
Median annual Kennedy, AL tax bill: $248, $2,152 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette calculated?

Property taxes in Kennedy, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Kennedy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kennedy, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Kennedy, Fayette County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.31%

Estimate Property Tax Bill

$252

$234

Ownwell’s Kennedy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kennedy with just two data points. By entering your property's estimated assessed value, our calculator applies Kennedy’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fayette County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kennedy, Fayette County, Alabama

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate their budgetary needs to provide essential services and divide this by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. This process, while influenced by votes and laws, essentially determines the annual property tax rate.

Kennedy, located in Fayette County, Alabama, offers a unique perspective on property tax rates. Compared to other cities in Alabama, the effective property tax rate in Kennedy is significantly lower. Alabama's median property tax rate is known for being one of the lowest in the nation, and Kennedy exemplifies this trend. When compared to the national median property tax rate of 1.02%, Kennedy's rate is notably more affordable. This lower tax burden can be an attractive feature for property owners and potential buyers, making Kennedy a desirable location for those looking to minimize their property tax expenses. Understanding these dynamics can help property owners and buyers make informed decisions about their investments in Kennedy and beyond.

Property Tax Rates Across Kennedy, Fayette County, Alabama

Source: Ownwell

0.28%

0.31%

0.35%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Kennedy Tax Rate

0.31%

Median Effective Fayette County Tax Rate

0.31%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Kennedy, Fayette County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
35574	0.21%	0.24%	0.31%	0.59%	0.72%

Source: Ownwell

Property Tax Assessment Values Across Kennedy, Fayette County, Alabama

When examining property taxes in Kennedy, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fayette County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Fayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Kennedy. For example, the median home price in Kennedy is $81,450, with tax bills ranging significantly across the county. Zip code 35574 has the highest median home price at $81,450.

Property Tax Assessment Values Across Kennedy, Fayette County, Alabama

Source: Ownwell

$76,000

$95,775

$115,550

Median Kennedy Market Value

$81,450

Median Fayette County Market Value

$94,200

Median Alabama Market Value

$149,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Kennedy, Fayette County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
35574	$24,670	$46,175	$81,450	$143,675	$213,700

Source: Ownwell

Property Tax Bills Across Kennedy, Fayette County, Alabama

In Kennedy, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Kennedy is $81,450, which influences the property tax bill. The tax bill can vary significantly, with the 25th percentile at $146 and the 75th percentile at $484, highlighting the range of property tax obligations homeowners may face. The national median property tax rate is 1.02%, but local rates can differ, impacting how much homeowners pay annually. For instance, in Fayette County, where Kennedy is located, the median tax bill is $248, aligning with the lowest and highest median tax bills in the area. This variability underscores the importance of accurate assessments and potential savings opportunities. Ownwell assists homeowners by appealing their property tax assessments, ensuring they're not overpaying. By leveraging local expertise and data analysis, Ownwell can identify discrepancies and secure reductions, helping homeowners in Kennedy save on their property tax bills and manage their financial obligations more effectively.

Property Tax Bills Across Kennedy, Fayette County, Alabama

Source: Ownwell

$231

$344

$457

Median Kennedy Tax Bill

$248

Median Fayette County Tax Bill

$330

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,400

Property Tax Bills Across Kennedy, Fayette County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
35574	$72	$146	$248	$484	$661

Source: Ownwell