Chickasaw, Alabama Property Taxes
The median property tax rate in Chickasaw, AL is 1.07%, considerably higher than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Chickasaw, the typical annual property tax bill reaches $419, which is below the national median of $2,690. Property taxes in Chickasaw 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 Chickasaw'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 Chickasaw 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
Chickasaw, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$636
Ownwell’s Chickasaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chickasaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chickasaw 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 Chickasaw, Alabama
Property taxes in Chickasaw, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chickasaw is 1.07%, significantly higher than the U.S. national median of 0.99%. Local government entities within Chickasaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chickasaw 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 Chickasaw's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36611 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Chickasaw provides valuable insights into the varying tax landscape across Mobile County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chickasaw Tax Rate
1.07%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chickasaw, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36611 | 0.42% | 0.46% | 1.07% | 1.09% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Chickasaw, Alabama
In Chickasaw, 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 Mobile 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 Chickasaw, 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 Chickasaw is $59,400, with the median tax bill ranging from $288 at the 25th percentile to $834 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chickasaw Assessed Value
$59,400
Average Mobile County Assessed Value
$120,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chickasaw, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36611 | $28,600 | $39,800 | $59,400 | $85,600 | $114,780 |
Source: Ownwell
Property Tax Bills Across Chickasaw, Alabama
In Chickasaw, Mobile County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Chickasaw is $59,400. Property taxes are then determined by applying the local tax rate to this assessed value. Factors such as property location, improvements, and exemptions can influence the final tax bill. For example, the 25th percentile tax bill in Chickasaw is $288, while the 75th percentile tax bill is $605, and the 90th percentile tax bill is $834. The highest and lowest median tax bills in the area are both $419, recorded in the 36611 zip code. Compared to the national median property tax rate of 0.99%, Chickasaw's property taxes can be relatively manageable, helping homeowners budget more effectively. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Chickasaw Tax Bill
$419
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Chickasaw, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36611 | $183 | $288 | $419 | $605 | $834 |
Source: Ownwell