Whatley, Alabama Property Taxes
The median property tax rate in Whatley, Alabama is 0.30%, significantly lower than both the national median of 0.99% and Alabama’s state median of 0.47%. With a median home value of $60,700 in Whatley, the typical annual property tax bill amounts to $184, which is well below the national median of $2,690. Property taxes in Whatley are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Whatley'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 Whatley or another part of Clarke County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whatley, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$182
$169
Ownwell’s Whatley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whatley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whatley 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 Whatley, Alabama
Property taxes in Whatley, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whatley is 0.30%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Whatley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whatley 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 Whatley'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 0.18%. Understanding how these cities compare with Whatley 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 Whatley Tax Rate
0.30%
Average Clarke County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whatley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36482 | 0.11% | 0.22% | 0.30% | 0.41% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Whatley, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Whatley, Alabama. 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 Whatley, 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 Whatley is $60,700, with tax bills ranging from $79 at the 25th percentile to $520 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whatley Assessed Value
$60,700
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 Whatley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36482 | $14,240 | $36,650 | $60,700 | $103,050 | $172,460 |
Source: Ownwell
Property Tax Bills Across Whatley, Alabama
In Whatley, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is determined by the Clarke County tax assessor's office, considering factors such as the property's size, location, and condition. For a typical home in Whatley with a median home price of $60,700, the property tax rate is significantly lower than the national median of 0.99%. Homeowners in Whatley can expect their tax bills to vary depending on the assessed value of their property. For instance, the tax bill at the 25th percentile is around $79, while at the 75th percentile, it rises to $332. At the higher end, the 90th percentile tax bill is approximately $520. These figures illustrate the range of property tax burdens residents might face, affecting their annual financial planning. Understanding these factors can help homeowners anticipate their property tax obligations and manage their budgets more effectively.
Average Whatley Tax Bill
$184
Average Clarke County Tax Bill
$300
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Whatley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36482 | $25 | $79 | $184 | $332 | $520 |
Source: Ownwell