Rutledge, Alabama Property Taxes
The median property tax rate in Rutledge, Alabama is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $65,000 in Rutledge, the typical annual property tax bill amounts to $187, which is much less than the national median of $2,690. Property taxes in Rutledge are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rutledge's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to meaningful annual savings. Whether you're in the heart of Rutledge or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rutledge, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$195
Ownwell’s Rutledge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rutledge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rutledge 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 Rutledge, Alabama
Property taxes in Rutledge, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rutledge is 0.30%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Rutledge set these rates annually, and they can vary across different neighborhoods. Each year, Rutledge 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 Rutledge'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 found in Shelby County, while the lowest median tax rate is in Choctaw County. Understanding how these areas compare with Rutledge provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rutledge Tax Rate
0.30%
Average Butler County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rutledge, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36071 | 0.20% | 0.22% | 0.30% | 0.30% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Rutledge, Alabama
In Rutledge, 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 Butler 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 in Rutledge 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 Rutledge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 36071 at $187, which is also the lowest median tax bill in the area.
Average Rutledge Assessed Value
$65,000
Average Butler County Assessed Value
$82,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rutledge, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36071 | $25,600 | $38,650 | $65,000 | $128,350 | $202,000 |
Source: Ownwell
Property Tax Bills Across Rutledge, Alabama
In Rutledge, property tax bills are calculated based on the assessed value of your home. This assessed value is a percentage of your property's market value. For instance, with a median home price of $65,000, the assessed value is determined by local county regulations. Once the assessed value is established, the local tax rate is applied to calculate your tax bill. In Butler County, where Rutledge is located, the median property tax bill is $187.00, which is notably lower than the national median property tax rate of 0.99%. Several factors influence your tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial, as they directly impact the annual tax obligation. Lower tax rates can make homeownership more affordable, but it's important to stay informed about any changes in property valuations or local tax policies that could affect future tax bills.
Average Rutledge Tax Bill
$187
Average Butler County Tax Bill
$283
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Rutledge, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36071 | $93 | $122 | $187 | $346 | $439 |
Source: Ownwell