Titus, Alabama Property Taxes
The median property tax rate in Titus, AL is 0.39%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Titus at $52,900, the typical annual property tax bill is $197, far below the national median of $2,690. Property taxes in Titus 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 Titus'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 Titus 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
Titus, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Titus Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Titus using just two simple data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Titus to generate an estimated property tax bill. This valuable tool enables you to grasp your potential tax obligations. For those keen on exploring trends at a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Titus, Alabama
Property taxes in Titus, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Titus is 0.39%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Titus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Titus 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 Titus' effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Titus 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 Titus Tax Rate
0.39%
Average Coosa County Tax Rate
0.27%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Titus, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36080 | 0.23% | 0.29% | 0.39% | 0.48% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Titus, Alabama
In Titus, 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 local 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 Titus, 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 Titus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both amount to $197, found in the 36080 zip code.
Average Titus Assessed Value
$52,900
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 Titus, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36080 | $47,140 | $49,300 | $52,900 | $56,450 | $58,580 |
Source: Ownwell
Property Tax Bills Across Titus, Alabama
Property tax bills in Titus, located in Coosa County, AL, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value. This process ensures that homeowners contribute to local services such as schools, infrastructure, and emergency services. In Titus, the median home price is $52,900. The property tax rate in this area can significantly impact the annual tax bill. For instance, the tax bill at the 25th percentile is $144, while at the 75th percentile, it rises to $251. The 90th percentile sees tax bills as high as $284. Across Coosa County, the highest and lowest median tax bills are both $197, indicating a consistent tax rate within the area. Compared to the national median property tax rate of 0.99%, Titus offers relatively affordable property taxes. This can be a crucial factor for homeowners, making it an attractive place for those looking to manage their living expenses effectively.
Average Titus Tax Bill
$197
Average Coosa County Tax Bill
$282
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Titus, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36080 | $111 | $144 | $197 | $251 | $284 |
Source: Ownwell