Clanton, Alabama Property Taxes
The median property tax rate in Clanton, AL is 0.45%, which is considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Clanton at $126,200, the typical annual property tax bill reaches $593, significantly below the national median of $2,690. Property taxes in Clanton 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 Clanton'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 Clanton 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
Clanton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$568
$527
Ownwell’s Clanton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clanton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clanton 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 Clanton, Alabama
Property taxes in Clanton, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clanton is 0.45%, lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Clanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clanton 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 Clanton's effective property tax rate to other areas in Chilton County and the national median. For comparison, the 35046 zip code has both the highest and lowest median property tax rate of 0.44%. Understanding how these areas compare with Clanton 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 Clanton Tax Rate
0.45%
Average Chilton County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clanton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35045 | N/A | N/A | N/A | N/A | N/A |
| 35046 | 0.22% | 0.38% | 0.44% | 0.54% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Clanton, Alabama
In Clanton, 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. In Clanton, 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 Clanton is $126,200, with tax bills ranging from $292 at the 25th percentile to $1,498 at the 90th percentile. The highest and lowest median tax bills are both $690, found in the 35046 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clanton Assessed Value
$126,200
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 Clanton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35045 | N/A | N/A | N/A | N/A | N/A |
| 35046 | $43,000 | $80,950 | $148,050 | $237,850 | $356,260 |
Source: Ownwell
Property Tax Bills Across Clanton, Alabama
In Clanton, located in Chilton County, AL, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Clanton can expect their tax bills to vary widely depending on their property's assessed value and the specific tax rate applied. For instance, the median home price in Clanton is $126,200. The property tax rate in Clanton is relatively low compared to the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value and any applicable exemptions. For example, the tax bill for the 25th percentile is around $292, while for the 75th percentile, it rises to $979, and for the 90th percentile, it can go up to $1,498. The highest median tax bill in the area is $690, found in zip code 35046. These variations significantly impact homeowners, as higher assessed values and fewer exemptions lead to higher tax bills.
Average Clanton Tax Bill
$593
Average Chilton County Tax Bill
$562
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Clanton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35045 | N/A | N/A | N/A | N/A | N/A |
| 35046 | $122 | $331 | $690 | $1,163 | $1,829 |
Source: Ownwell