Piedmont, Alabama Property Taxes
The median property tax rate in Piedmont, AL is 0.40%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $101,600 in Piedmont, the typical annual property tax bill is $439, far below the national median of $2,690. Property taxes in Piedmont are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Piedmont'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 Piedmont 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
Piedmont, 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 Piedmont Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Piedmont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Piedmont to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Piedmont, Alabama
Property taxes in Piedmont, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Piedmont is 0.40%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Piedmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piedmont 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 Piedmont's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36272 zip code has the highest median property tax rate of 0.40%, while the same zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Piedmont provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Piedmont Tax Rate
0.40%
Average Cherokee County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Piedmont, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36272 | 0.29% | 0.37% | 0.40% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Piedmont, Alabama
In Piedmont, 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 Cherokee 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 Piedmont, 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. For instance, the median home price is $101,600, with the tax bill ranging from $207 at the 25th percentile to $1,267 at the 90th percentile. The highest and lowest median tax bills are both $439 in the zip code 36272. 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 Piedmont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Piedmont Assessed Value
$101,600
Average Cherokee County Assessed Value
$121,000
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Piedmont, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36272 | $18,960 | $41,850 | $101,600 | $173,000 | $253,244 |
Source: Ownwell
Property Tax Bills Across Piedmont, Alabama
Property tax bills in Piedmont, Cherokee County, Alabama, are calculated based on the assessed value of a property, which is a percentage of the market value. The national median property tax rate is 0.99%, but local rates can vary. In Piedmont, homeowners can expect tax bills that reflect the assessed value of their homes, with the median home price being $101,600. For instance, tax bills at the 25th percentile are around $207, while those at the 75th percentile reach approximately $801. At the 90th percentile, homeowners might see tax bills as high as $1,267. These figures indicate a range of tax burdens, depending on property values and specific local rates. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability. Conversely, lower property taxes can make homeownership more accessible but may result in fewer local services. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Piedmont Tax Bill
$439
Average Cherokee County Tax Bill
$617
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Piedmont, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36272 | $93 | $207 | $439 | $801 | $1,267 |
Source: Ownwell