Calera, Chilton County, Alabama Property Taxes
The median property tax rate in Calera, Alabama is 0.42%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $120,600 in Calera, the typical annual property tax bill amounts to $531, well below the national median of $2,690. Property taxes in Calera are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural land. Understanding Calera'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 Calera or another part of Chilton County, a good grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calera, Chilton County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$507
$470
Ownwell’s Calera Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calera with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calera 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 Calera, Chilton County, Alabama
Property taxes in Calera, Alabama, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Calera is 0.42%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Calera set these rates annually, and they can vary across different neighborhoods. Each year, Calera 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 Calera's effective property tax rate to other areas in Chilton County and the national median. For comparison, the zip code 35040 has both the highest and lowest median property tax rate in the region at 0.42%. Understanding how these areas compare with Calera provides valuable insights into the varying tax landscape across Chilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calera Tax Rate
0.42%
Average Chilton County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calera, Chilton County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35040 | 0.22% | 0.35% | 0.42% | 0.72% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Calera, Chilton County, Alabama
In Calera, 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 Chilton 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 in Calera 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 Calera helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Calera is $120,600, with tax bills ranging from $268 at the 25th percentile to $1,315 at the 90th percentile. The highest and lowest median tax bills are both $531, found in the zip code 35040.
Property Tax Assessment Values Across Calera, Chilton County, Alabama
Source: Ownwell
$75,100
$111,575
$148,050
Average Calera Assessed Value
$120,600
Average Chilton County Assessed Value
$120,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calera, Chilton County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35040 | $38,850 | $65,200 | $120,600 | $183,050 | $266,000 |
Source: Ownwell
Property Tax Bills Across Calera, Chilton County, Alabama
In Calera, located in Chilton County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the property's market value. Homeowners in Calera can expect their property tax bills to vary significantly based on their property's assessed value and the local tax rate. For instance, with a median home price of $120,600, property tax bills in Calera can range widely. The 25th percentile tax bill is approximately $268, while the 75th percentile tax bill reaches $874. At the 90th percentile, homeowners might see a tax bill as high as $1,315. The median tax bill in the area stands at $531, which is considerably lower than the national median property tax rate of 0.99%. These tax bills directly impact homeowners by influencing their annual housing costs. Lower property taxes can make homeownership more affordable, while higher taxes might pose a financial burden. Understanding these factors helps homeowners plan and manage their finances more effectively.
Average Calera Tax Bill
$531
Average Chilton County Tax Bill
$562
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Calera, Chilton County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35040 | $103 | $268 | $531 | $874 | $1,315 |
Source: Ownwell