Rutledge, Alabama Property Taxes
The median property tax rate in Rutledge, Alabama is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Rutledge at $80,420, the typical annual property tax bill is $323, which is well below the national median of $2,690. Property taxes in Rutledge are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rutledge'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 Rutledge or another part of Crenshaw County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rutledge, 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 Rutledge Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Rutledge using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rutledge to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Rutledge, Alabama
Property taxes in Rutledge, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rutledge is 0.24%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Rutledge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rutledge 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 Rutledge's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35203 zip code has the highest median property tax rate of 0.66%, while the 36048 zip code has the lowest median tax rate of 0.20%. Understanding how these cities compare with Rutledge provides valuable insights into the varying tax landscape across Crenshaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rutledge Tax Rate
0.34%
Average Crenshaw County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rutledge, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36071 | 0.21% | 0.28% | 0.34% | 0.49% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Rutledge, Alabama
In Rutledge, 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 Crenshaw 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 Rutledge, 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 example, the highest median tax bill in Rutledge is $323.00 in zip code 36071. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rutledge Assessed Value
$80,420
Average Crenshaw County Assessed Value
$88,920
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rutledge, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36071 | $27,364 | $48,240 | $80,420 | $138,540 | $237,392 |
Source: Ownwell
Property Tax Bills Across Rutledge, Alabama
In Rutledge, Crenshaw County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the Crenshaw County tax assessor. This assessed value is a percentage of the property's market value. The property tax rate in Rutledge is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the home's location, size, and condition. For instance, the median home price in Rutledge is $80,420. Homeowners in the 25th percentile pay around $182 annually, while those in the 75th percentile pay about $527. At the 90th percentile, the tax bill can go up to $874. Compared to the national median property tax rate of 0.99%, Rutledge's property tax bills are relatively modest, offering homeowners a more affordable tax burden. This can significantly impact homeowners by making property ownership more accessible and reducing monthly housing costs.
Average Rutledge Tax Bill
$323
Average Crenshaw County Tax Bill
$341
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Rutledge, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36071 | $85 | $182 | $323 | $527 | $874 |
Source: Ownwell