Campbell, Alabama Property Taxes
The median property tax rate in Campbell, Alabama is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $73,500 in Campbell, the typical annual property tax bill amounts to $223, which is well below the national median of $2,690. Property taxes in Campbell are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Campbell'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 Campbell or another part of Clarke County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Campbell, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Campbell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campbell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campbell 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 Campbell, Alabama
Property taxes in Campbell, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbell is 0.33%, which is lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Campbell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campbell 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 Campbell's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Clarke County is 0.50%, while the lowest median tax rate is 0.25%. Understanding how these cities compare with Campbell provides valuable insights into the varying tax landscape across Clarke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbell Tax Rate
0.33%
Average Clarke County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campbell, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36727 | 0.17% | 0.20% | 0.33% | 0.43% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Campbell, Alabama
In Campbell, 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 Clarke 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 Campbell, 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 Campbell 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 36727, with a bill of $223.00, which is also the lowest median tax bill in the area.
Average Campbell Assessed Value
$73,500
Average Clarke County Assessed Value
$83,100
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Campbell, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36727 | $22,840 | $41,900 | $73,500 | $115,400 | $172,740 |
Source: Ownwell
Property Tax Bills Across Campbell, Alabama
In Campbell, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in Campbell is $73,500. The tax bill is determined by the local tax rate applied to the assessed value. Various factors such as property size, location, and improvements can influence the assessed value. For homeowners, this means that any changes in these factors can lead to fluctuations in their property tax bills. The tax bill in Campbell varies significantly, with the 25th percentile at $111 and the 75th percentile at $382. Homeowners at the 90th percentile see tax bills around $582. These figures highlight the range of property tax obligations within the community. Comparatively, the median property tax rate in Campbell is lower than the national median of 0.99%, providing some relief to homeowners. However, it is essential for property owners to stay informed about local tax rates and assessments to manage their financial planning effectively.
Average Campbell Tax Bill
$223
Average Clarke County Tax Bill
$300
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Campbell, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36727 | $35 | $111 | $223 | $382 | $582 |
Source: Ownwell