Centreville, Alabama Property Taxes
The median property tax rate in Centreville, AL is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Centreville at $100,050, the typical annual property tax bill is $278, well below the national median of $2,690. Property taxes in Centreville are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Centreville'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 Centreville 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
Centreville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$270
$251
Ownwell’s Centreville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centreville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centreville 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 Centreville, Alabama
Property taxes in Centreville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centreville is 0.27%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Centreville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centreville 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 Centreville's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35203 zip code has the highest median property tax rate of 0.66%, while the 36744 zip code has the lowest median tax rate of 0.25%. Understanding how these cities compare with Centreville provides valuable insights into the varying tax landscape across Bibb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centreville Tax Rate
0.27%
Average Bibb County Tax Rate
0.26%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centreville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35042 | 0.17% | 0.23% | 0.27% | 0.31% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Centreville, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Centreville, AL. 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 Bibb 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. For instance, in Centreville, the median home price is $100,050, with tax bills ranging from $129 at the 25th percentile to $723 at the 90th percentile. The highest and lowest median tax bills are both $278, found in zip code 35042. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Centreville Assessed Value
$100,050
Average Bibb County Assessed Value
$88,300
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Centreville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35042 | $25,670 | $48,975 | $100,050 | $168,250 | $259,190 |
Source: Ownwell
Property Tax Bills Across Centreville, Alabama
Property tax bills in Centreville, located in Bibb County, AL, are determined based on the assessed value of a property, which is a percentage of its market value. The median home price in Centreville is $100,050. Property taxes are calculated by applying the local tax rate to the assessed value. For example, in Centreville, the tax bill for the 25th percentile is $129, while for the 75th percentile, it is $470, and for the 90th percentile, it reaches $723. These taxes significantly impact homeowners, as they represent a recurring expense that can influence overall housing affordability. The highest and lowest median tax bills in the area are both $278, found in the 35042 zip code. Compared to the national median property tax rate of 0.99%, Centreville’s property taxes are relatively moderate, making it an appealing location for homeowners seeking manageable tax obligations. Understanding these factors helps homeowners budget effectively and make informed decisions about property investments.
Average Centreville Tax Bill
$278
Average Bibb County Tax Bill
$224
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Centreville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35042 | $63 | $129 | $278 | $470 | $723 |
Source: Ownwell