Lake View, Jefferson County, Alabama Property Taxes

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

Median Lake View, AL effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but higher than the Alabama state median of 0.47%. Median Lake View, AL home value: $523,900. Median annual Lake View, AL tax bill: $2,586, $186 higher than the national median property tax bill of $2,400.

How are property taxes in Jefferson calculated?

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

Last Updated March 1, 2025

Lake View, Jefferson County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.49%

Estimate Property Tax Bill

$2,567

$2,382

Ownwell’s Lake View Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake View with just two data points. By entering your property's estimated assessed value, our calculator applies Lake View’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 Jefferson. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake View, Jefferson County, Alabama

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually 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. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.

In Lake View, located in Jefferson County, Alabama, the effective property tax rate is notably lower than the national median. With a median property tax rate of 0.49%, Jefferson County offers property owners a more affordable tax environment compared to many other regions. This rate is also below the national median property tax rate of 1.02%, highlighting the county's relatively low property tax burden.

For property owners in Lake View, this means potential savings compared to other regions both within Alabama and across the United States. Understanding these rates can help property owners make informed decisions about buying or investing in property in the area.

Property Tax Rates Across Lake View, Jefferson County, Alabama

Source: Ownwell

0.44%

1.34%

2.24%

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 Lake View Tax Rate

0.49%

Median Effective Jefferson County Tax Rate

0.71%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake View, Jefferson County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
35111	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lake View, Jefferson County, Alabama

When examining property taxes in Lake View, 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 Jefferson 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 Jefferson 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 Lake View. For example, the median home price in Lake View is $523,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Lake View, Jefferson County, Alabama

Source: Ownwell

$4,300

$414,375

$824,450

Median Lake View Market Value

$523,900

Median Jefferson County Market Value

$150,900

Median Alabama Market Value

$149,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake View, Jefferson County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
35111	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lake View, Jefferson County, Alabama

In Lake View, property tax bills are determined by applying the local tax rate to the assessed value of a home. The assessed value is typically a percentage of the property's market value, which is $523,900 in this area. Homeowners in Jefferson County face a property tax bill that is consistent across the 25th, 75th, and 90th percentiles, all at $2,586. This figure is slightly above the national median property tax bill of $2,400. The local tax rate plays a crucial role in calculating this bill, and it can vary based on municipal requirements and budget needs. For homeowners, this tax bill represents a necessary expense that contributes to local services and infrastructure. However, over-assessment can lead to unnecessarily high tax bills. This is where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially reducing their tax burden and leading to significant savings over time.

Property Tax Bills Across Lake View, Jefferson County, Alabama

Source: Ownwell

$62

$4,469

$8,876

Median Lake View Tax Bill

$2,586

Median Jefferson County Tax Bill

$1,159

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake View, Jefferson County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
35111	N/A	N/A	N/A	N/A	N/A

Source: Ownwell