Clio, Alabama Property Taxes
The median property tax rate in Clio, Alabama is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Clio at $61,300, the typical annual property tax bill is just $240, far below the national median of $2,690. Property taxes in Clio are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clio'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 Clio 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
Clio, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$202
$188
Ownwell’s Clio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clio 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 Clio, Alabama
Property taxes in Clio, Alabama, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clio is 0.33%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Clio set these rates annually, and they can vary across different neighborhoods. Each year, Clio 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 Clio'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 0.66%, while the lowest median tax rate is 0.33%. Understanding how these cities compare with Clio 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 Clio Tax Rate
0.33%
Average Barbour County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clio, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36017 | 0.22% | 0.27% | 0.33% | 0.59% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Clio, Alabama
In Clio, 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 Barbour 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 Clio, 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. The median home price in Clio is $61,300, with the 25th percentile tax bill at $123 and the 75th percentile tax bill at $431. The highest and lowest median tax bill in Clio is $240, found in the zip code 36017. 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 Clio helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clio Assessed Value
$61,300
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 Clio, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36017 | $16,400 | $32,600 | $61,300 | $113,800 | $192,760 |
Source: Ownwell
Property Tax Bills Across Clio, Alabama
In Clio, property tax bills are calculated based on the assessed value of a home, which is determined by the Barbour County tax assessor. The assessed value is typically a percentage of the property's market value. For instance, if the median home price in Clio is $61,300, the tax bill will be a fraction of this value, adjusted according to the county’s tax rate. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or abatements. Homeowners in Clio can expect their property tax bills to vary, with the 25th percentile paying around $123, while the 75th percentile sees bills of approximately $431. At the higher end, the 90th percentile of tax bills reaches $670. Compared to the national median property tax rate of 0.99%, Clio’s property tax bills are relatively modest, providing a more affordable option for homeowners. This affordability can significantly impact the cost of living and homeownership in the area, making Clio an attractive place for potential buyers.
Average Clio Tax Bill
$240
Average Barbour County Tax Bill
$360
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Clio, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36017 | $68 | $123 | $240 | $431 | $670 |
Source: Ownwell