Coffeeville, Alabama Property Taxes
The median property tax rate in Coffeeville, 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 $67,200 in Coffeeville, the typical annual property tax bill amounts to $232, which is substantially less than the national median of $2,690. Property taxes in Coffeeville are determined based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Coffeeville'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 Coffeeville 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
Coffeeville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$222
$206
Ownwell’s Coffeeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coffeeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coffeeville 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 Coffeeville, Alabama
Property taxes in Coffeeville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coffeeville is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Coffeeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coffeeville 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 Coffeeville'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 0.33%. Understanding how these cities compare with Coffeeville 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 Coffeeville 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 Coffeeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36524 | 0.16% | 0.25% | 0.33% | 0.59% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Coffeeville, Alabama
In Coffeeville, 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. 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. In Coffeeville, the median home price is $67,200, with the 25th percentile tax bill at $119 and the 75th percentile at $380. The zip code 36524 has the highest and lowest median tax bill, both at $232. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Coffeeville Assessed Value
$67,200
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 Coffeeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36524 | $18,700 | $39,650 | $67,200 | $111,650 | $164,300 |
Source: Ownwell
Property Tax Bills Across Coffeeville, Alabama
In Coffeeville, Clarke County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $67,200, homeowners can expect varying tax bills depending on their property's assessed value and local tax rate. Factors such as property size, location, and any applicable exemptions or deductions also play a crucial role in determining the final tax bill. In Coffeeville, the 25th percentile tax bill is around $119, while the 75th percentile tax bill reaches up to $380, and the 90th percentile tax bill can be as high as $541. These property tax bills impact homeowners by influencing their overall housing costs and potentially affecting their financial planning. Compared to the national median property tax rate of 0.99%, Coffeeville's rates offer a unique perspective on how local factors shape property tax obligations in this region.
Average Coffeeville Tax Bill
$232
Average Clarke County Tax Bill
$300
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Coffeeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36524 | $46 | $119 | $232 | $380 | $541 |
Source: Ownwell