Wadley, Clay County, Alabama Property Taxes
Median Wadley, 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 Wadley, AL home value: $62,540
Median annual Wadley, AL tax bill: $169, $2,231 lower than the national median property tax bill of $2,400.
How are property taxes in Clay County calculated?
Property taxes in Wadley, 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 Wadley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wadley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wadley, Clay County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.25%
Estimate Property Tax Bill
$156
$145
Property Tax Rates Across Wadley, Clay County, Alabama
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Wadley, located in Clay County, Alabama, the effective property tax rate is significantly lower than the national median of 1.02%. This lower rate can be attributed to the specific budgetary needs and property values within the county. Comparing Wadley's property tax rate to other cities in Alabama and the national median highlights the variability in property tax rates across different regions. The median property tax rate in Alabama is also lower than the national average, reflecting the state's overall approach to property taxation.
Understanding these differences is crucial for property owners who are navigating property taxes and considering appeals or exemptions. It is essential to be informed about your local tax rates and how they compare to state and national averages.
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 Wadley Taxx Rate
0.25%
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 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 Wadley, Clay County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36276 | 0.11% | 0.21% | 0.25% | 0.31% | 0.31% |
Source: Ownwell
Property Tax Assessment Values Across Wadley, Clay County, Alabama
When examining property taxes in Wadley, 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 Wadley. For example, the median home price in Wadley is $62,540, with tax bills ranging significantly across the county. 36276 has the highest median home price at $62,540.
Property Tax Assessment Values Across Wadley, Clay County, Alabama
Source: Ownwell
$62,540
$77,205
$91,870
Median Wadley Market Value
$62,540
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 Wadley, Clay County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36276 | $26,320 | $39,950 | $62,540 | $111,615 | $213,332 |
Source: Ownwell
Property Tax Bills Across Wadley, Clay County, Alabama
In Wadley, located in Clay County, Alabama, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Wadley is $62,540. Property tax rates in Alabama are relatively low, contributing to a median tax bill of $169 in the area, significantly below the national median property tax bill of $2,400. Factors such as location, property size, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Wadley can find themselves paying tax bills ranging from $91 at the 25th percentile to $537 at the 90th percentile. These variations can impact homeowners' financial planning and budgeting.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services, potentially reducing their tax burdens. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners secure fair tax bills. This service can lead to substantial savings, making property ownership in Wadley more financially manageable.
Median Wadley Tax Bill
$169
Median Clay County Tax Bill
$201
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,690
Property Tax Bills Across Wadley, Clay County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36276 | $65 | $91 | $169 | $278 | $537 |
Source: Ownwell