Weaver, Alabama Property Taxes
The median property tax rate in Weaver, AL is 0.41%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Weaver, the typical annual property tax bill reaches $579, significantly below the national median of $2,690. Property taxes in Weaver 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 Weaver'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 Weaver 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
Weaver, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$545
$506
Ownwell’s Weaver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weaver 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 Weaver, Alabama
Property taxes in Weaver, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weaver is 0.41%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Weaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weaver 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 Weaver's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36277 has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how these cities compare with Weaver 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 Weaver 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 Weaver, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36277 | 0.35% | 0.37% | 0.41% | 0.45% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Weaver, Alabama
In Weaver, 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 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 Weaver, 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 Weaver is $132,900, with tax bills varying significantly. For example, the 25th percentile tax bill is $445, while the 75th percentile tax bill is $787. 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 Weaver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Weaver Assessed Value
$132,900
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 Weaver, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36277 | $76,940 | $105,740 | $132,900 | $165,410 | $212,064 |
Source: Ownwell
Property Tax Bills Across Weaver, Alabama
In Weaver, located in Calhoun County, AL, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The median home price in Weaver is $132,900. Homeowners in this area can expect property tax bills to vary significantly, with the 25th percentile tax bill being $445 and the 75th percentile reaching $787. The highest tax bills, at the 90th percentile, can go up to $1064. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. These taxes are crucial as they fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Weaver's property tax rates are relatively modest, providing some financial relief to homeowners. Understanding these factors can help homeowners better anticipate their annual expenses and plan their budgets accordingly.
Average Weaver Tax Bill
$579
Average Calhoun County Tax Bill
$571
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Weaver, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36277 | $342 | $445 | $579 | $787 | $1,064 |
Source: Ownwell