Cahaba Hts, Alabama Property Taxes
The median property tax rate in Cahaba Heights, AL is 0.91%, which is lower than the national median of 0.99% but significantly higher than the Alabama state median of 0.47%. With a median home value of $297,300 in Cahaba Heights, the typical annual property tax bill amounts to $2,795, slightly below the national median of $2,690. Property taxes in Cahaba Heights 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 Cahaba Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cahaba Heights 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
Cahaba Hts, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,705
Ownwell’s Cahaba Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cahaba Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cahaba Heights 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 Jefferson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cahaba Hts, Alabama
Property taxes in CAHABA HTS, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CAHABA HTS is 0.91%, lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within CAHABA HTS set these rates annually, and they can vary significantly across different neighborhoods. Each year, CAHABA HTS 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 CAHABA HTS's effective property tax rate to other areas in Alabama and the national median. For comparison, the 35243 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with CAHABA HTS provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cahaba Hts Tax Rate
0.91%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cahaba Hts, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35243 | 0.90% | 0.91% | 0.91% | 0.91% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Cahaba Hts, Alabama
In Cahaba Heights, 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 Jefferson 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 Cahaba Heights, 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 Cahaba Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 35243, with a median tax bill of $2,795.
Average Cahaba Hts Assessed Value
$297,300
Average Jefferson County Assessed Value
$150,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cahaba Hts, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35243 | $244,460 | $256,950 | $297,300 | $329,300 | $355,560 |
Source: Ownwell
Property Tax Bills Across Cahaba Hts, Alabama
In Cahaba Heights, located in Jefferson County, Alabama, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the market value of the property. Factors such as the property's age, size, location, and improvements can influence this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Cahaba Heights, the median home price is around $297,300. Property tax bills in this area can vary significantly, with the 25th percentile bill at approximately $2,389, while the 75th percentile reaches about $3,099. At the higher end, the 90th percentile tax bill can go up to $3,815. Compared to the national median property tax rate of 0.99%, the tax rates in Cahaba Heights reflect the specific economic and real estate conditions of Jefferson County, impacting homeowners' annual financial obligations.
Average Cahaba Hts Tax Bill
$2,795
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Cahaba Hts, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35243 | $2,291 | $2,389 | $2,795 | $3,099 | $3,815 |
Source: Ownwell