Clanton, Alabama Property Taxes
The median property tax rate in Clanton, Alabama is 0.29%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Clanton at $107,100, the typical annual property tax bill is $363, far below the national median of $2,690. Property taxes in Clanton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Clanton'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 Clanton or another part of Coosa County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clanton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$311
Ownwell’s Clanton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clanton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clanton 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 Clanton, Alabama
Property taxes in Clanton, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clanton is 0.29%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Clanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clanton 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. Understanding how Clanton's effective property tax rate compares to other areas provides valuable insights into the varying tax landscape across Coosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clanton Tax Rate
0.29%
Average Coosa County Tax Rate
0.27%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clanton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35045 | 0.20% | 0.27% | 0.27% | 0.32% | 0.57% |
| 35046 | 0.24% | 0.26% | 0.29% | 0.55% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Clanton, Alabama
In Clanton, 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 Coosa 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 Clanton, 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. For instance, the highest median tax bill in Clanton is $660 in the 35045 zip code, while the lowest is $354 in the 35046 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clanton Assessed Value
$107,100
Average Coosa County Assessed Value
$86,950
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clanton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35045 | $31,720 | $134,200 | $242,100 | $293,350 | $498,720 |
| 35046 | $27,770 | $55,450 | $105,300 | $186,300 | $322,140 |
Source: Ownwell
Property Tax Bills Across Clanton, Alabama
In Clanton, located in Coosa 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 final tax bill. For instance, with a median home price of $107,100, homeowners can expect varying tax bills. The 25th percentile tax bill is around $216, while the 75th percentile reaches $672, and the 90th percentile can go up to $915. Several factors influence these tax bills, including property location, improvements, and changes in market conditions. For example, the highest median tax bill in Clanton is $660 in the 35045 zip code, whereas the lowest median tax bill is $354 in the 35046 zip code. These variations significantly impact homeowners, as property taxes contribute to local services like schools and infrastructure. Understanding how these factors interplay helps homeowners anticipate their annual financial obligations.
Average Clanton Tax Bill
$363
Average Coosa County Tax Bill
$282
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Clanton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35045 | $120 | $205 | $660 | $863 | $1,386 |
| 35046 | $122 | $217 | $354 | $604 | $874 |
Source: Ownwell