Catherine, Alabama Property Taxes
The median property tax rate in Catherine, Alabama is 0.36%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Catherine, the typical annual property tax bill reaches $311, significantly less than the national median of $2,690. Property taxes in Catherine 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 Catherine'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 Catherine 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
Catherine, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$372
Ownwell’s Catherine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Catherine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Catherine 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 Catherine, Alabama
Property taxes in Catherine, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Catherine is 0.36%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Catherine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Catherine 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 Catherine'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, with a rate of 0.43%, while the lowest median tax rate is in Choctaw County at 0.22%. Understanding how these cities compare with Catherine provides valuable insights into the varying tax landscape across Wilcox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Catherine Tax Rate
0.36%
Average Wilcox County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Catherine, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36728 | 0.21% | 0.26% | 0.36% | 0.36% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Catherine, Alabama
In Catherine, 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 Wilcox 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. 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. In Catherine, the median home price is $103,410, with tax bills ranging from $178 at the 25th percentile to $1,080 at the 90th percentile. The highest and lowest median tax bills in the area are both $311, found in zip code 36728. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Catherine Assessed Value
$103,410
Average Wilcox County Assessed Value
$99,190
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Catherine, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36728 | $35,261 | $63,748 | $103,410 | $187,140 | $333,403 |
Source: Ownwell
Property Tax Bills Across Catherine, Alabama
In Catherine, AL, property tax bills are primarily determined by the assessed value of a home, which is a percentage of its market value. The median home price in the area is $103,410. Property tax rates in Catherine align with the county's median property tax rate, which is significantly lower than the national median of 0.99%. Homeowners in Catherine can expect their annual property tax bills to vary widely. The 25th percentile tax bill is around $178, while those in the 75th percentile pay approximately $586. For the top 10% of property values, tax bills can reach up to $1,080. The highest and lowest median tax bills are both $311, indicating a degree of uniformity in certain areas. These property tax bills impact homeowners by contributing to local government revenue, which funds public services such as schools, roads, and emergency services. Lower tax rates can make Catherine an attractive place for homeowners looking for affordable property tax options.
Average Catherine Tax Bill
$311
Average Wilcox County Tax Bill
$331
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Catherine, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36728 | $102 | $178 | $311 | $586 | $1,080 |
Source: Ownwell