Castleberry, Alabama Property Taxes
The median property tax rate in Castleberry, Alabama is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Castleberry, the typical annual property tax bill is $239, which is well below the national median of $2,690. Property taxes in Castleberry are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Castleberry'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 Castleberry 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
Castleberry, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$227
$211
Ownwell’s Castleberry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Castleberry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Castleberry 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 Castleberry, Alabama
Property taxes in Castleberry, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Castleberry is 0.33%, significantly lower than both the Alabama state median of 0.39% and the U.S. national median of 0.99%. Local government entities within Castleberry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Castleberry 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 Castleberry's effective property tax rate to other counties in Alabama and the national median. For comparison, ZIP code 36432 has the highest median property tax rate of 0.40%, while ZIP code 36434 has the lowest median tax rate of 0.30%. Understanding how these cities compare with Castleberry provides valuable insights into the varying tax landscape across Conecuh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Castleberry Tax Rate
0.30%
Average Conecuh County Tax Rate
0.34%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Castleberry, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36432 | 0.15% | 0.22% | 0.30% | 0.35% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Castleberry, Alabama
In Castleberry, 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 Conecuh 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 Castleberry, 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 Castleberry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Castleberry are both $239, found in the 36432 zip code.
Average Castleberry Assessed Value
$75,820
Average Conecuh County Assessed Value
$80,780
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Castleberry, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36432 | $24,130 | $41,750 | $75,820 | $135,485 | $202,500 |
Source: Ownwell
Property Tax Bills Across Castleberry, Alabama
In Castleberry, Conecuh County, 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 Castleberry is $75,820. Property tax rates in the area are relatively low compared to the national median property tax rate of 0.99%. The tax bill for homeowners in Castleberry can range significantly. At the 25th percentile, the tax bill is around $112, while at the 75th percentile, it reaches approximately $408. For the top 10% of properties, the tax bill can go up to $628. These tax bills are influenced by various factors, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial, as property taxes can impact overall housing costs and affordability. In Castleberry, with its relatively low property tax rates, homeowners can benefit from lower annual tax bills compared to many other regions in the country.
Average Castleberry Tax Bill
$239
Average Conecuh County Tax Bill
$297
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Castleberry, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36432 | $58 | $112 | $239 | $408 | $628 |
Source: Ownwell