Capshaw, Alabama Property Taxes
The median property tax rate in Capshaw, AL is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Capshaw at $199,550, the typical annual property tax bill is $634, well below the national median of $2,690. Property taxes in Capshaw 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 Capshaw'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 Capshaw or another part of Limestone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Capshaw, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$698
Ownwell’s Capshaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Capshaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Capshaw 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 Capshaw, Alabama
Property taxes in Capshaw, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Capshaw is 0.35%, which is notably lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Capshaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Capshaw 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 Capshaw's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in Jefferson County at 0.66%, while the lowest median tax rate is in Crenshaw County at 0.21%. Understanding how these cities compare with Capshaw provides valuable insights into the varying tax landscape across Limestone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Capshaw Tax Rate
0.35%
Average Limestone County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Capshaw, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35742 | 0.29% | 0.31% | 0.35% | 0.39% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Capshaw, Alabama
In Capshaw, 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 Limestone 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 Capshaw, 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 Capshaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Capshaw is $199,550, with the highest and lowest median tax bills both being $634 in the 35742 zip code.
Average Capshaw Assessed Value
$199,550
Average Limestone County Assessed Value
$202,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Capshaw, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35742 | $125,750 | $153,425 | $199,550 | $245,675 | $273,350 |
Source: Ownwell
Property Tax Bills Across Capshaw, Alabama
In Capshaw, Limestone County, Alabama, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the Limestone County tax assessor and is a percentage of the market value of your property. For homeowners in Capshaw, the median home price is $199,550. Property taxes are then calculated by applying the local tax rate to this assessed value. Several factors influence the final tax bill, including the property's location, improvements, and any applicable exemptions. For example, the 25th percentile of tax bills in Capshaw stands at $546, while the 75th percentile reaches $722, and the 90th percentile is $775. This range indicates how different factors, such as property size and improvements, can affect the tax amount. Compared to the national median property tax rate of 0.99%, Capshaw's property tax bills are relatively moderate. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly.
Average Capshaw Tax Bill
$634
Average Limestone County Tax Bill
$871
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Capshaw, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35742 | $493 | $546 | $634 | $722 | $775 |
Source: Ownwell