Chapman, Alabama Property Taxes
The median property tax rate in Chapman, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $119,300 in Chapman, the typical annual property tax bill is $358, well below the national median of $2,690. Property taxes in Chapman 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. Understanding Chapman’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Chapman or another part of Butler County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chapman, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$358
Ownwell’s Chapman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chapman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chapman 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 Chapman, Alabama
Property taxes in Chapman, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chapman is 0.30%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Chapman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chapman 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 Chapman'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 0.25%. Understanding how these cities compare with Chapman provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chapman Tax Rate
0.30%
Average Butler County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chapman, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36015 | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% |
Source: Ownwell
Property Tax Assessment Values Across Chapman, Alabama
In Chapman, 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 Butler 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 Chapman, 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 Chapman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Chapman are both $358, found in the zip code 36015.
Average Chapman Assessed Value
$119,300
Average Butler County Assessed Value
$82,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chapman, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36015 | $119,300 | $119,300 | $119,300 | $119,300 | $119,300 |
Source: Ownwell
Property Tax Bills Across Chapman, Alabama
In Chapman, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the property's market value, which is determined by local assessors. Homeowners in Chapman, located in Butler County, AL, face property tax bills that are influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions. The median home price in Chapman is $119,300, and the median property tax rate in the area is significantly lower than the national median of 0.99%. The tax bills in Chapman range from the 25th to the 90th percentile, all averaging around $358 annually. This consistency indicates a relatively uniform tax rate across different property values in the area. For homeowners, this means that property taxes in Chapman are fairly predictable and manageable, contributing to the overall affordability of living in this region. The impact on homeowners is thus relatively modest, allowing for better financial planning and stability.
Average Chapman Tax Bill
$358
Average Butler County Tax Bill
$283
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Chapman, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36015 | $358 | $358 | $358 | $358 | $358 |
Source: Ownwell