Ohatchee, Alabama Property Taxes
The median property tax rate in Ohatchee, AL is 0.39%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Ohatchee at $115,140, the typical annual property tax bill is $463, well below the national median of $2,690. Property taxes in Ohatchee are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ohatchee'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 Ohatchee 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
Ohatchee, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$449
Ownwell’s Ohatchee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ohatchee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ohatchee 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 Ohatchee, Alabama
Property taxes in Ohatchee, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ohatchee is 0.33%, which is significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Ohatchee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ohatchee 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 Ohatchee'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 at 0.61%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these cities compare with Ohatchee 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 Ohatchee Tax Rate
0.39%
Average Calhoun County Tax Rate
0.44%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ohatchee, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36271 | 0.29% | 0.35% | 0.39% | 0.44% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Ohatchee, Alabama
In Ohatchee, 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 Ohatchee, 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. The median home price in Ohatchee is $115,140, with tax bills ranging from $268 at the 25th percentile to $1,188 at the 90th percentile. Being aware of these valuation processes in Ohatchee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ohatchee Assessed Value
$115,140
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 Ohatchee, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36271 | $39,920 | $68,730 | $115,140 | $191,780 | $292,144 |
Source: Ownwell
Property Tax Bills Across Ohatchee, Alabama
In Ohatchee, located in Calhoun County, Alabama, property tax bills are calculated based on the assessed value of a home. The assessment rate in Alabama is 10% of the market value. For a median home price of $115,140, the assessed value would be $11,514. Property taxes are then determined by applying the local tax rate to this assessed value. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. In Ohatchee, the median property tax bill is $463, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect to pay around $268, while those in the 75th percentile might see bills as high as $756. The highest tax bills, in the 90th percentile, can reach up to $1,188. For homeowners, these property taxes contribute to local services such as schools, infrastructure, and public safety, directly impacting community quality and property values.
Average Ohatchee Tax Bill
$463
Average Calhoun County Tax Bill
$571
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Ohatchee, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36271 | $157 | $268 | $463 | $756 | $1,188 |
Source: Ownwell