Cragford, Clay County, Alabama Property Taxes

Name: Property Tax Bills Across Cragford, Clay County, Alabama
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cragford, AL effective property tax rate: 0.25%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Cragford, AL home value: $77,500
Median annual Cragford, AL tax bill: $182, $2,218 lower than the national median property tax bill of $2,400.

How are property taxes in Clay calculated?

Property taxes in Cragford, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cragford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cragford, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cragford, Clay County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.25%

Estimate Property Tax Bill

$194

$180

Ownwell’s Cragford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cragford with just two data points. By entering your property's estimated assessed value, our calculator applies Cragford’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Clay County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cragford, Clay County, Alabama

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the fundamental annual process. In Cragford, located in Clay County, Alabama, the effective property tax rate is considerably lower than both the state and national averages. With a median property tax rate of 0.25%, property owners in Cragford benefit from one of the lowest tax burdens in the country. This is significantly below the national median property tax rate of 1.02%. Property owners in Cragford enjoy a favorable tax environment, which can contribute to lower overall housing costs. This makes Cragford an attractive option for those looking to minimize their property tax expenses.

Property Tax Rates Across Cragford, Clay County, Alabama

Source: Ownwell

0.22%

0.26%

0.31%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cragford Taxx Rate

0.25%

Median Effective Clay County Taxx Rate

0.28%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Cragford, Clay County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
36255	0.14%	0.19%	0.25%	0.31%	0.39%

Source: Ownwell

Property Tax Assessment Values Across Cragford, Clay County, Alabama

When examining property taxes in Cragford, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Clay County appraisal district estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Clay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cragford.

For example, the median home price in Cragford is $77,500, with tax bills ranging significantly across the county. The zip code 36255 has the highest median home price at $77,500.

Property Tax Assessment Values Across Cragford, Clay County, Alabama

Source: Ownwell

$62,540

$77,205

$91,870

Median Cragford Market Value

$77,500

Median Clay County Market Value

$72,990

Median Alabama Market Value

$149,600

Median United States Market Value

$244,900

Property Tax Assessment Values Across Cragford, Clay County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
36255	$26,050	$43,795	$77,500	$129,160	$220,000

Source: Ownwell

Property Tax Bills Across Cragford, Clay County, Alabama

In Cragford, located within Clay County, Alabama, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $77,500, homeowners in this area experience property tax bills that vary significantly. The tax bill at the 25th percentile is $102, while at the 75th percentile, it rises to $310, and at the 90th percentile, it reaches $536. Compared to the national median property tax bill of $2,400, Cragford's property taxes are relatively low. However, even these modest amounts can impact homeowners, especially if their property is over-assessed. That's where Ownwell steps in to assist homeowners in Cragford by providing expert property tax appeal services. By ensuring that properties are accurately assessed, Ownwell helps homeowners potentially reduce their tax bills, offering peace of mind and financial relief. With professional guidance, homeowners can navigate the complexities of property tax assessments and secure savings.

Property Tax Bills Across Cragford, Clay County, Alabama

Source: Ownwell

$142

$181

$219

Median Cragford Tax Bill

$182

Median Clay County Tax Bill

$201

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,690

Property Tax Bills Across Cragford, Clay County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
36255	$66	$102	$182	$310	$536

Source: Ownwell