Talladega, Alabama Property Taxes
The median property tax rate in Talladega, AL is 0.23%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $74,595 in Talladega, the typical annual property tax bill is $170, well below the national median of $2,690. Property taxes in Talladega are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Talladega'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 Talladega 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
Talladega, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$172
Ownwell’s TALLADEGA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TALLADEGA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TALLADEGA 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 Talladega, Alabama
Property taxes in Talladega, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Talladega is 0.33%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Talladega set these rates annually, and they can vary significantly across different neighborhoods. Each year, Talladega 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 Talladega's effective property tax rate to other counties in Alabama and the national median. For comparison, Jefferson County has the highest median property tax rate of 0.63%, while Crenshaw County has the lowest median tax rate of 0.25%. Understanding how these cities compare with Talladega provides valuable insights into the varying tax landscape across Talladega County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Talladega Tax Rate
0.23%
Average Clay County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Talladega, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35160 | 0.12% | 0.17% | 0.23% | 0.31% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Talladega, Alabama
In Talladega, 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. 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 Talladega helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill of $170.00 is found in the 35160 zip code, while the lowest median tax bill is also $170.00 in the same zip code.
Average Talladega Assessed Value
$74,595
Average Clay County Assessed Value
$72,990
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Talladega, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35160 | $17,719 | $42,870 | $74,595 | $142,525 | $199,546 |
Source: Ownwell
Property Tax Bills Across Talladega, Alabama
In Talladega, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Talladega, the median home price stands at $74,595. Property tax bills can vary widely, with the 25th percentile tax bill at $88 and the 75th percentile at $311, indicating that most homeowners pay within this range. The 90th percentile tax bill reaches up to $479, showing higher-end properties incur more taxes. The highest and lowest median tax bills in the area are both $170, found in the 35160 zip code. Compared to the national median property tax rate of 0.99%, Talladega's rates offer a relatively affordable option for homeowners, providing a balanced approach to funding local services without imposing excessive financial burdens.
Average Talladega Tax Bill
$170
Average Clay County Tax Bill
$201
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Talladega, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35160 | $41 | $88 | $170 | $311 | $479 |
Source: Ownwell