Jachin, Alabama Property Taxes
The median property tax rate in Jachin, AL is 0.31%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Jachin at $82,800, the typical annual property tax bill amounts to $192, well below the national median of $2,690. Property taxes in Jachin 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 Jachin'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 Jachin or another part of Choctaw County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jachin, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$257
Ownwell’s Jachin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jachin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jachin 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 Jachin, Alabama
Property taxes in Jachin, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jachin is 0.31%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Jachin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jachin 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 Jachin'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 significantly higher, while other areas in Choctaw County may have different rates. Understanding how these cities compare with Jachin provides valuable insights into the varying tax landscape across Choctaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jachin Tax Rate
0.31%
Average Choctaw County Tax Rate
0.29%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jachin, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36910 | 0.22% | 0.26% | 0.31% | 0.32% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Jachin, Alabama
In Jachin, 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 Choctaw 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 Jachin, 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 Jachin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Jachin is $192 in the 36910 zip code, while the lowest median tax bill is also $192 in the same zip code.
Average Jachin Assessed Value
$82,800
Average Choctaw County Assessed Value
$48,430
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jachin, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36910 | $25,074 | $39,510 | $82,800 | $121,850 | $177,614 |
Source: Ownwell
Property Tax Bills Across Jachin, Alabama
In Jachin, property tax bills are calculated based on the assessed value of the property, which is determined by the Choctaw County tax assessor. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $82,800, various factors such as property size, location, and improvements are considered to determine this value. Once the assessed value is established, the property tax rate, which is specific to Jachin and Choctaw County, is applied. Homeowners in Jachin can expect tax bills that vary significantly. The 25th percentile tax bill is around $125, while the 75th percentile tax bill reaches $358, and the 90th percentile can be as high as $520. These variations depend on the assessed value and applicable exemptions. Compared to the national median property tax rate of 0.99%, Jachin's property tax bills are relatively lower, making it an attractive location for homeowners seeking affordable property tax rates.
Average Jachin Tax Bill
$192
Average Choctaw County Tax Bill
$120
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Jachin, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36910 | $57 | $125 | $192 | $358 | $520 |
Source: Ownwell