Crane Hill, Alabama Property Taxes
The median property tax rate in Crane Hill, AL is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Crane Hill, the typical annual property tax bill reaches $1,391, which is well below the national median of $2,690. Property taxes in Crane Hill 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 Crane Hill'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 Crane Hill or another part of Winston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crane Hill, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Crane Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crane Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crane Hill 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 Crane Hill, Alabama
Property taxes in Crane Hill, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crane Hill is 0.28%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Crane Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crane Hill 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 Crane Hill'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 at 0.43%, while the lowest median tax rate is in Crenshaw County at 0.18%. Understanding how these cities compare with Crane Hill provides valuable insights into the varying tax landscape across Winston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crane Hill Tax Rate
0.28%
Average Winston County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crane Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35053 | 0.25% | 0.28% | 0.28% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Crane Hill, Alabama
In Crane Hill, 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 local 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 Crane Hill, 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 Crane Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Crane Hill is $436,480, with tax bills ranging from $814 at the 25th percentile to $3,258 at the 90th percentile. Notably, the zip code 35053 has both the highest and lowest median tax bill at $1,391.
Average Crane Hill Assessed Value
$436,480
Average Winston County Assessed Value
$114,100
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crane Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35053 | $99,408 | $228,510 | $436,480 | $617,445 | $828,826 |
Source: Ownwell
Property Tax Bills Across Crane Hill, Alabama
In Crane Hill, located in Winston County, AL, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and is often a percentage of the property's market value. In this area, homeowners can expect a median home price of $436,480. Various factors such as property size, location, and improvements can influence the assessed value. Once the assessed value is determined, the local tax rate is applied to calculate the annual tax bill. For Crane Hill, the tax bills can vary significantly. Homeowners in the 25th percentile pay around $814 annually, while those in the 75th percentile pay approximately $2,225. The highest tax bills, in the 90th percentile, can reach up to $3,258. These property taxes fund essential local services such as schools, public safety, and infrastructure. Understanding how these factors affect property taxes helps homeowners budget accordingly and anticipate their annual expenses.
Average Crane Hill Tax Bill
$1,391
Average Winston County Tax Bill
$384
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Crane Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35053 | $296 | $814 | $1,391 | $2,225 | $3,258 |
Source: Ownwell