Weogufka, Alabama Property Taxes
The median property tax rate in Weogufka, Alabama is 0.25%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Weogufka at $90,200, the typical annual property tax bill is $253, well below the national median of $2,690. Property taxes in Weogufka are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weogufka'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 Weogufka 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
Weogufka, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$226
Ownwell’s Weogufka Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Weogufka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weogufka to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Coosa County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Weogufka, Alabama
Property taxes in Weogufka, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weogufka is 0.25%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Weogufka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weogufka 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 Weogufka's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Coosa County is 0.50%, while the lowest median tax rate is 0.15%. Understanding how these cities compare with Weogufka provides valuable insights into the varying tax landscape across Coosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weogufka Tax Rate
0.25%
Average Coosa County Tax Rate
0.27%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weogufka, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35183 | 0.16% | 0.21% | 0.25% | 0.35% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Weogufka, Alabama
In Weogufka, 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 Coosa 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 Weogufka, 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 Weogufka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 35183 has the highest median tax bill in the area, valued at $253.
Average Weogufka Assessed Value
$90,200
Average Coosa County Assessed Value
$86,950
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weogufka, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35183 | $35,440 | $57,000 | $90,200 | $156,700 | $219,480 |
Source: Ownwell
Property Tax Bills Across Weogufka, Alabama
In Weogufka, Coosa County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Weogufka is $90,200. Property tax rates are applied to this assessed value to determine the tax bill. Factors such as the local tax rate and any applicable exemptions can influence the final amount. For example, tax bills in the 25th percentile are around $160, while those in the 75th percentile reach up to $404. The 90th percentile tax bill can be as high as $571. The highest and lowest median tax bills in the area both stand at $253, indicating a relatively uniform tax landscape. Compared to the national median property tax rate of 0.99%, Coosa County offers a favorable environment for homeowners, with generally lower tax obligations. This can significantly impact homeowners by reducing the overall cost of property ownership, making it an attractive place to live.
Average Weogufka Tax Bill
$253
Average Coosa County Tax Bill
$282
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Weogufka, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35183 | $91 | $160 | $253 | $404 | $571 |
Source: Ownwell