Eastaboga, Alabama Property Taxes
The median property tax rate in Eastaboga, AL is 0.45%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Eastaboga at $132,840, the typical annual property tax bill reaches $633, well below the national median of $2,690. Property taxes in Eastaboga are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eastaboga'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 Eastaboga or another part of Calhoun County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eastaboga, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$598
Ownwell’s Eastaboga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eastaboga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eastaboga 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 Eastaboga, Alabama
Property taxes in Eastaboga, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eastaboga is 0.45%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Eastaboga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eastaboga 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 Eastaboga's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36260 has both the highest and lowest median property tax rate in the area at 0.45%. Understanding how these cities compare with Eastaboga provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eastaboga Tax Rate
0.45%
Average Calhoun County Tax Rate
0.44%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eastaboga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36260 | 0.37% | 0.43% | 0.45% | 0.48% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Eastaboga, Alabama
In Eastaboga, 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 Calhoun 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. In Eastaboga, 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. 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 Eastaboga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Eastaboga are both reported at $633.00 in the 36260 zip code.
Average Eastaboga Assessed Value
$132,840
Average Calhoun County Assessed Value
$121,640
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eastaboga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36260 | $49,264 | $88,930 | $132,840 | $170,480 | $213,932 |
Source: Ownwell
Property Tax Bills Across Eastaboga, Alabama
In Eastaboga, property tax bills are calculated based on the assessed value of a home, which is determined by the Calhoun County tax assessor. The assessed value is typically a percentage of the property's market value. The median home price in Eastaboga is $132,840, which influences the overall tax bill. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. For homeowners in Eastaboga, the tax bill can vary significantly. At the 25th percentile, the tax bill is around $443, while at the 75th percentile, it reaches approximately $848. The 90th percentile tax bill is even higher at $1,162. These figures show how the tax burden can differ based on the value of the property and the specific assessment. Compared to the national median property tax rate of 0.99%, Eastaboga's property tax rates reflect a more affordable range, providing some relief to homeowners in the area. This variability in tax bills underscores the importance of understanding local property assessments and their impact on annual expenses for homeowners.
Average Eastaboga Tax Bill
$633
Average Calhoun County Tax Bill
$571
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Eastaboga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36260 | $253 | $443 | $633 | $848 | $1,162 |
Source: Ownwell