Courtland, Alabama Property Taxes
The median property tax rate in Courtland, Alabama is 0.37%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Courtland at $73,200, the typical annual property tax bill amounts to $315, which is well below the national median of $2,690. Property taxes in Courtland are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Courtland'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 Courtland or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Courtland, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$271
Ownwell’s Courtland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Courtland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Courtland 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 Courtland, Alabama
Property taxes in Courtland, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Courtland is 0.37%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Courtland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Courtland 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 Courtland'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 35223 with a rate of 0.66%, while the lowest median tax rate is in 35201 at 0.32%. Understanding how these cities compare with Courtland provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Courtland Tax Rate
0.37%
Average Lawrence County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Courtland, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35618 | 0.27% | 0.30% | 0.37% | 0.76% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Courtland, Alabama
In Courtland, 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 Lawrence 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 Courtland, 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. In Lawrence County, the median home price is $73,200. The annual property tax bill ranges from $186 at the 25th percentile to $758 at the 90th percentile. The highest and lowest median tax bills are both $315, found in the 35618 zip code. Being aware of these valuation processes in Courtland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Courtland Assessed Value
$73,200
Average Lawrence County Assessed Value
$132,500
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Courtland, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35618 | $18,960 | $38,671 | $73,200 | $129,650 | $185,360 |
Source: Ownwell
Property Tax Bills Across Courtland, Alabama
In Courtland, located in Lawrence County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this city experience property tax rates that are relatively low compared to the national median property tax rate of 0.99%. For instance, the median home price in Courtland is $73,200, and tax bills can range significantly depending on the assessed value and applicable exemptions. The tax bill for the 25th percentile is around $186, while for the 75th percentile, it rises to approximately $507. Those in the 90th percentile can expect to pay up to $758. The highest median tax bill recorded in the area is $315 in the 35618 zip code, which also happens to be the lowest median tax bill, indicating a consistent rate across the region. These property tax bills impact homeowners by influencing their annual housing costs, potentially affecting home affordability and budgeting. Lower property taxes can make homeownership more accessible, whereas higher taxes might require more careful financial planning.
Average Courtland Tax Bill
$315
Average Lawrence County Tax Bill
$474
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Courtland, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35618 | $84 | $186 | $315 | $507 | $758 |
Source: Ownwell