Cedar Bluff, Alabama Property Taxes
The median property tax rate in Cedar Bluff, AL is 0.44%, which is significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $131,700 in Cedar Bluff, the typical annual property tax bill amounts to $693, well below the national median of $2,690. Property taxes in Cedar Bluff are determined 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 Cedar Bluff'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 Cedar Bluff or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedar Bluff, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$579
$538
Ownwell’s Cedar Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Bluff 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 Cedar Bluff, Alabama
Property taxes in Cedar Bluff, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Bluff is 0.44%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Cedar Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Bluff 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 Cedar Bluff's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35959 zip code has the highest median property tax rate of 0.44%, while the same zip code also represents the lowest median tax rate of 0.44%. Understanding how these cities compare with Cedar Bluff provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Bluff Tax Rate
0.44%
Average Cherokee County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Bluff, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35959 | 0.34% | 0.40% | 0.44% | 0.84% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Bluff, Alabama
In Cedar Bluff, 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 Cherokee 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 Cedar Bluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 35959, standing at $693, which is significantly below the national median property tax rate of 0.99%.
Average Cedar Bluff Assessed Value
$131,700
Average Cherokee County Assessed Value
$121,000
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar Bluff, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35959 | $20,720 | $55,600 | $131,700 | $222,700 | $329,900 |
Source: Ownwell
Property Tax Bills Across Cedar Bluff, Alabama
In Cedar Bluff, Cherokee County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners can expect their tax bill to be influenced by the median home price in the area, currently $131,700. Various factors such as local tax rates, property exemptions, and the home's assessed value play a role in determining the final tax amount. For instance, in Cedar Bluff, tax bills can range significantly, with the 25th percentile paying around $316, while the 75th percentile sees bills closer to $1,181. At the higher end, the 90th percentile tax bill can reach up to $1,867. The highest median tax bill in the area is $693, which is below the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as it directly impacts their annual financial planning and long-term investment in their property.
Average Cedar Bluff Tax Bill
$693
Average Cherokee County Tax Bill
$617
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Bluff, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35959 | $123 | $316 | $693 | $1,181 | $1,867 |
Source: Ownwell