Bellwood, Geneva County, Alabama Property Taxes
Median Bellwood, AL effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but higher than the Alabama state median of 0.47%.
Median Bellwood, AL home value: $55,400
Median annual Bellwood, AL tax bill: $236, $2,164 lower than the national median property tax bill of $2,400.
How are property taxes in Geneva County calculated?
Property taxes in Bellwood, 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 Bellwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bellwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bellwood, Geneva County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$355
$329
Property Tax Rates Across Bellwood, Geneva County, Alabama
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Bellwood in Geneva County, Alabama, stands out with an effective property tax rate of 0.64%, which is significantly lower than the national median property tax rate of 1.02%. This makes Bellwood an attractive location for homeowners looking to reduce their annual property tax bills. In comparison, the national median property tax bill is around $2,400, offering potential savings for Bellwood residents. The uniformity in tax rates across Bellwood's zip codes reflects a stable and predictable tax environment, which is beneficial for homeowners and investors alike. By understanding these rates, property owners can make informed decisions about their investments and potential savings.
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 Bellwood Tax Rate
0.64%
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 Geneva County Tax Rate
0.35%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bellwood, Geneva County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36313 | 0.19% | 0.28% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Bellwood, Geneva County, Alabama
When examining property taxes in Bellwood, 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 Geneva 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 Geneva County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Bellwood.
For example, the median home price in Bellwood is $55,400, with tax bills ranging significantly across the county. Zip code 36313 has the highest median home price at $55,400.
Property Tax Assessment Values Across Bellwood, Geneva County, Alabama
Source: Ownwell
$55,400
$105,500
$155,600
Median Bellwood Market Value
$55,400
Median Geneva County Market Value
$100,900
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bellwood, Geneva County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36313 | $14,580 | $31,850 | $55,400 | $101,200 | $163,230 |
Source: Ownwell
Property Tax Bills Across Bellwood, Geneva County, Alabama
In Bellwood, Geneva County, Alabama, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $55,400, homeowners can expect tax bills that vary significantly. The typical tax bill at the 25th percentile is $111, while at the 75th percentile, it rises to $362. For those at the 90th percentile, the tax bill can reach as high as $1,031. These figures highlight the wide range of property tax burdens homeowners may face, especially when compared to the national median property tax bill of $2,400.
Factors such as property location, improvements, and local tax rates contribute to the final tax bill. Homeowners in Bellwood can potentially reduce their tax liability through exemptions or appeals, ensuring they aren't overpaying. Ownwell assists by providing expert property tax appeal and exemption services, helping homeowners navigate the complexities of the tax system to secure the most favorable outcome and potentially lower their property tax bills.
Median Bellwood Tax Bill
$236
Median Geneva County Tax Bill
$373
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Bellwood, Geneva County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36313 | $71 | $111 | $236 | $362 | $1,031 |
Source: Ownwell