Piedmont, Alabama Property Taxes
The median property tax rate in Piedmont, Alabama is 0.41%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Piedmont, the typical annual property tax bill reaches $412, well below the national median of $2,690. Property taxes in Piedmont 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 Piedmont'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 Piedmont 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
Piedmont, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$360
Ownwell’s Piedmont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Piedmont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Piedmont 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 Piedmont, Alabama
Property taxes in Piedmont, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Piedmont is 0.41%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Piedmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piedmont 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 Piedmont's effective property tax rate to other areas in Alabama and the national median. For comparison, the zip code 36272 has the highest and lowest median property tax rate of 0.41%. Understanding how these areas compare with Piedmont provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Piedmont Tax Rate
0.41%
Average Calhoun County Tax Rate
0.44%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Piedmont, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36272 | 0.31% | 0.37% | 0.41% | 0.78% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Piedmont, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Piedmont, Alabama. 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 Calhoun 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 Piedmont, 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, the median home price in Piedmont is $87,790. The 25th percentile tax bill is $248, while the 75th percentile tax bill is $655. The highest median tax bill is $412 in the 36272 zip code, which is also the lowest median tax bill. By understanding 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 Piedmont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Piedmont Assessed Value
$87,790
Average Calhoun County Assessed Value
$121,640
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Piedmont, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36272 | $29,264 | $50,580 | $87,790 | $148,015 | $227,412 |
Source: Ownwell
Property Tax Bills Across Piedmont, Alabama
In Piedmont, Calhoun County, Alabama, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the property tax bill, including the home's market value, the local tax rate, and any applicable exemptions or deductions. For instance, the median home price in Piedmont is $87,790, and property tax rates can vary within the county. Homeowners in Piedmont can expect their tax bills to range significantly, with the 25th percentile tax bill at $248 and the 75th percentile at $655. At the higher end, the 90th percentile tax bill reaches $972. Understanding these factors is crucial for homeowners as property taxes directly impact annual housing costs. Compared to the national median property tax rate of 0.99%, Piedmont's property tax rates can offer a more affordable option for residents.
Average Piedmont Tax Bill
$412
Average Calhoun County Tax Bill
$571
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Piedmont, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36272 | $145 | $248 | $412 | $655 | $972 |
Source: Ownwell