Ohatchee, Alabama Property Taxes
The median property tax rate in Ohatchee, Alabama is 0.33%, 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 $113,900, the typical annual property tax bill is $907, well below the national median of $2,690. Property taxes in Ohatchee are calculated based on the tax assessed value, which typically 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 the city, 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
0.33%
Estimate Property Tax Bill
$376
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%, significantly lower than both the Alabama state median 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 Jefferson County at 0.66%, while the lowest median tax rate is in Choctaw County at 0.22%. Understanding how these cities compare with Ohatchee provides valuable insights into the varying tax landscape across Etowah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ohatchee Tax Rate
0.33%
Average Etowah County Tax Rate
0.42%
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 | 0.31% | 0.32% | 0.33% | 0.36% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Ohatchee, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ohatchee, Alabama. 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 Etowah 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. For example, in the 36271 zip code, the median tax bill is $907. 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 Ohatchee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ohatchee Assessed Value
$113,900
Average Etowah County Assessed Value
$135,900
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 | $63,680 | $69,200 | $113,900 | $301,200 | $373,080 |
Source: Ownwell
Property Tax Bills Across Ohatchee, Alabama
In Ohatchee, located in Etowah County, Alabama, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For instance, with a median home price of $113,900, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. For homeowners in Ohatchee, the property tax bills span a range, with the 25th percentile at $552 and the 75th percentile at $1,292. At the 90th percentile, the tax bill reaches $1,523. Comparatively, the national median property tax rate stands at 0.99%, highlighting the relative affordability of property taxes in Ohatchee. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Ohatchee Tax Bill
$907
Average Etowah County Tax Bill
$625
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 | $340 | $552 | $907 | $1,292 | $1,523 |
Source: Ownwell