Center Point, Alabama Property Taxes
The median property tax rate in Center Point, AL is 0.53%, slightly higher than the state median of 0.47% but lower than the national median of 0.99%. With the median home value in Center Point at $126,400, the typical annual property tax bill is approximately $857, which is well below the national median of $2,690. Property taxes in Center Point are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Center Point'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 Center Point 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
Center Point, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Center Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Center Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Center Point 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 Center Point, Alabama
Property taxes in Center Point, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Center Point is 0.53%, lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Center Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center Point 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 Center Point's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35235 zip code has the highest median property tax rate of 0.68%, while the 35215 zip code has the lowest median tax rate of 0.53%. Understanding how these cities compare with Center Point 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 Center Point Tax Rate
0.53%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Center Point, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35215 | 0.48% | 0.51% | 0.53% | 1.10% | 1.10% |
| 35235 | 0.64% | 0.68% | 0.68% | 0.69% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Center Point, Alabama
In Center Point, 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 Center Point, 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 Center Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, residents in the 35235 zip code face the highest median tax bill at $1,349, while those in the 35215 zip code have the lowest median tax bill at $857.
Average Center Point Assessed Value
$126,400
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 Center Point, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35215 | $80,400 | $101,800 | $126,300 | $153,600 | $177,160 |
| 35235 | $150,600 | $154,000 | $171,600 | $198,600 | $210,700 |
Source: Ownwell
Property Tax Bills Across Center Point, Alabama
In Center Point, Jefferson County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the property's market value, and local tax rates are then applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Center Point can expect their property tax bills to vary. The 25th percentile tax bill is around $644, while the 75th percentile tax bill reaches about $1,211. For those at the higher end, the 90th percentile tax bill can be as much as $1,520. These figures reflect the range of property tax burdens homeowners might face, with the highest median tax bill in the area being $1,349 in the 35235 zip code and the lowest median tax bill being $857 in the 35215 zip code. Compared to the national median property tax rate of 0.99%, Center Point's property tax rates can significantly impact homeowners' annual expenses.
Average Center Point Tax Bill
$857
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Center Point, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35215 | $506 | $643 | $857 | $1,210 | $1,520 |
| 35235 | $982 | $1,029 | $1,349 | $1,523 | $2,311 |
Source: Ownwell