Coffee Springs, Alabama Property Taxes
The median property tax rate in Coffee Springs, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Coffee Springs at $109,000, the typical annual property tax bill is $328, well below the national median of $2,690. Property taxes in Coffee Springs 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 Coffee Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Coffee Springs 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
Coffee Springs, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$327
Ownwell’s Coffee Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coffee Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coffee Springs 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 Coffee Springs, Alabama
Property taxes in Coffee Springs, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coffee Springs is 0.30%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Coffee Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coffee Springs 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 Coffee Springs' effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Geneva County is in the 36477 zip code with a rate of 0.40%, while the lowest median tax rate is in the 36340 zip code with a rate of 0.25%. Understanding how these cities compare with Coffee Springs provides valuable insights into the varying tax landscape across Geneva County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coffee Springs Tax Rate
0.30%
Average Geneva County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coffee Springs, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36318 | 0.15% | 0.21% | 0.30% | 0.54% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Coffee Springs, Alabama
In Coffee Springs, 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 Geneva 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 Coffee Springs, 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 Coffee Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $328.00, while the lowest is also $328.00, both in the 36318 zip code.
Average Coffee Springs Assessed Value
$109,000
Average Geneva County Assessed Value
$100,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coffee Springs, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36318 | $32,380 | $62,600 | $109,000 | $177,900 | $298,920 |
Source: Ownwell
Property Tax Bills Across Coffee Springs, Alabama
In Coffee Springs, Geneva County, AL, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value typically represents a percentage of the property's market value. Homeowners in Coffee Springs can expect their tax bills to vary significantly, with the 25th percentile of tax bills at $187 and the 75th percentile reaching up to $571. The highest median tax bill in the area is $328, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These factors ensure that property taxes are fairly distributed based on the value and use of the property. For homeowners, understanding these elements can help in planning and managing annual expenses. Lower property tax bills in Coffee Springs can make homeownership more affordable compared to other regions, providing a financial advantage for residents.
Average Coffee Springs Tax Bill
$328
Average Geneva County Tax Bill
$373
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Coffee Springs, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36318 | $87 | $187 | $328 | $571 | $861 |
Source: Ownwell