Cecil, Alabama Property Taxes
The median property tax rate in Cecil, AL is 0.26%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Cecil at $502,720, the typical annual property tax bill amounts to $827, which is well below the national median of $2,690. Property taxes in Cecil are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Cecil's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're situated in the heart of Cecil or another part of Macon County, gaining insight into the local property tax system can provide significant financial benefits.
Last Updated June 14, 2024
Cecil, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$1,307
Ownwell’s Cecil Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cecil with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cecil 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 Cecil, Alabama
Property taxes in Cecil, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cecil is 0.26%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Cecil set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cecil 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 Cecil'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 0.66%, while the lowest median tax rate is 0.14%. Understanding how these cities compare with Cecil provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cecil Tax Rate
0.26%
Average Macon County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cecil, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36013 | 0.13% | 0.18% | 0.26% | 0.35% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Cecil, Alabama
In Cecil, 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 Macon 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 Cecil, 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 Cecil helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 36013, with a median tax bill of $827.
Average Cecil Assessed Value
$502,720
Average Macon County Assessed Value
$64,220
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cecil, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36013 | $268,928 | $356,600 | $502,720 | $648,840 | $736,512 |
Source: Ownwell
Property Tax Bills Across Cecil, Alabama
In Cecil, located in Macon County, AL, property tax bills are calculated based on the assessed value of a home. The tax rate in this area is influenced by local government budgets and the funding needs of public services such as schools and infrastructure. Homeowners in Cecil can expect their tax bills to fall within a range that reflects the assessed property values and the local tax rate. For instance, the median home price in Cecil is $502,720, and property tax bills typically range from $785 at the 25th percentile to $895 at the 90th percentile. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Compared to the national median property tax rate of 0.99%, Cecil's tax bills are relatively moderate. Homeowners should consider these taxes as part of their overall housing costs, impacting their long-term financial planning and the affordability of homeownership in the area.
Average Cecil Tax Bill
$827
Average Macon County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Cecil, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36013 | $759 | $785 | $827 | $870 | $895 |
Source: Ownwell