Cusseta, Alabama Property Taxes
The median property tax rate in Cusseta, Alabama is 0.39%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Cusseta at $96,085, the typical annual property tax bill amounts to $469, well below the national median of $2,690. Property taxes in Cusseta are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Cusseta'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 Cusseta or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cusseta, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$375
Ownwell’s Cusseta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cusseta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cusseta 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 Cusseta, Alabama
Property taxes in Cusseta, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cusseta is 0.31%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Cusseta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cusseta 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 Cusseta'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 0.20%. Understanding how these cities compare with Cusseta provides valuable insights into the varying tax landscape across Chambers County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cusseta Tax Rate
0.39%
Average Chambers County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cusseta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36852 | 0.21% | 0.32% | 0.39% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Cusseta, Alabama
In Cusseta, 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 Chambers 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 Cusseta, 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 Cusseta is $96,085, with tax bills ranging from $237 at the 25th percentile to $1,253 at the 90th percentile. Zip code 36852 has the highest and lowest median tax bill of $469. 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 Cusseta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cusseta Assessed Value
$96,085
Average Chambers County Assessed Value
$84,510
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cusseta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36852 | $26,806 | $56,770 | $96,085 | $169,592 | $292,341 |
Source: Ownwell
Property Tax Bills Across Cusseta, Alabama
In Cusseta, 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. Factors such as the property's location, size, and condition are considered in determining its market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Cusseta, the median home price is $96,085. The tax bills in this area vary significantly, with the 25th percentile tax bill at $237 and the 75th percentile tax bill at $858. At the 90th percentile, tax bills can reach up to $1,253. Compared to the national median property tax rate of 0.99%, Cusseta's property tax rates are relatively moderate. These taxes are crucial for funding local services, but they also represent a significant expense for homeowners, impacting their overall cost of living and financial planning.
Average Cusseta Tax Bill
$469
Average Chambers County Tax Bill
$448
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Cusseta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36852 | $91 | $237 | $469 | $858 | $1,253 |
Source: Ownwell