Clayton, Alabama Property Taxes
The median property tax rate in Clayton, Alabama is 0.32%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Clayton at $64,800, the typical annual property tax bill is around $231, well below the national median of $2,690. Property taxes in Clayton are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Clayton'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 Clayton or another part of Barbour County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clayton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$207
Ownwell’s Clayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clayton 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 Clayton, Alabama
Property taxes in Clayton, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clayton is 0.32%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Clayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clayton 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 Clayton's effective property tax rate to other counties in Alabama and the national median. For comparison, 35203 has the highest median property tax rate of 0.66%, while 35401 has the lowest median tax rate of 0.31%. Understanding how these cities compare with Clayton provides valuable insights into the varying tax landscape across Barbour County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clayton Tax Rate
0.32%
Average Barbour County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clayton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36016 | 0.19% | 0.25% | 0.32% | 0.59% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Clayton, Alabama
In Clayton, 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 local 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 Clayton, 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. The median home price in Clayton is $64,800, with tax bills ranging from $121 at the 25th percentile to $668 at the 90th percentile. The zip code 36016 has the highest median tax bill at $231. Being aware of these valuation processes in Clayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clayton Assessed Value
$64,800
Average Barbour County Assessed Value
$82,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clayton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36016 | $17,600 | $36,175 | $64,800 | $114,950 | $208,700 |
Source: Ownwell
Property Tax Bills Across Clayton, Alabama
In Clayton, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Clayton is $64,800. Property tax rates are applied to this assessed value to calculate the annual tax bill. Factors such as property location, home improvements, and exemptions can influence the assessed value. For homeowners, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $121, while the 75th percentile tax bill is $411. At the 90th percentile, homeowners could see tax bills as high as $668. This variability highlights how individual property characteristics and assessments play a crucial role in determining the final tax amount. Comparatively, the highest and lowest median tax bills in Clayton are both $231, which is significantly below the national median property tax rate of 0.99%. This relatively low tax burden can be advantageous for homeowners in this region, offering a more affordable living situation compared to other parts of the country.
Average Clayton Tax Bill
$231
Average Barbour County Tax Bill
$360
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Clayton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36016 | $68 | $121 | $231 | $411 | $668 |
Source: Ownwell