Clopton, Alabama Property Taxes
The median property tax rate in Clopton, Alabama is 0.23%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Clopton, the typical annual property tax bill is $248, well below the national median of $2,690. Property taxes in Clopton are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Clopton'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 Clopton 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
Clopton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$258
$240
Ownwell’s Clopton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clopton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clopton 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 Clopton, Alabama
Property taxes in Clopton, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clopton is 0.23%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Clopton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clopton 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 Clopton's effective property tax rate to other counties in Alabama and the national median. For comparison, some areas in Alabama have higher median property tax rates, while others have lower rates. Understanding how these cities compare with Clopton 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 Clopton Tax Rate
0.23%
Average Barbour County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clopton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36317 | 0.20% | 0.21% | 0.23% | 0.25% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Clopton, Alabama
In Clopton, 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. 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 Clopton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 36317, with a median tax bill of $248.
Average Clopton Assessed Value
$112,250
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 Clopton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36317 | $71,790 | $83,050 | $112,250 | $186,800 | $198,900 |
Source: Ownwell
Property Tax Bills Across Clopton, Alabama
In Clopton, Barbour County, AL, 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 Clopton is $112,250. Property tax rates in Clopton are relatively low compared to the national median property tax rate of 0.99%. For instance, the 25th percentile tax bill is around $202, while the 75th percentile tax bill is approximately $358. At the 90th percentile, homeowners might see tax bills as high as $650. Several factors contribute to the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential public services like schools, emergency services, and infrastructure, directly impacting the quality of life in the community. Homeowners in Clopton benefit from relatively low property taxes, which can make homeownership more affordable and attractive compared to regions with higher tax rates.
Average Clopton Tax Bill
$248
Average Barbour County Tax Bill
$360
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Clopton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36317 | $176 | $202 | $248 | $358 | $650 |
Source: Ownwell