Arab, Alabama Property Taxes
The median property tax rate in Arab, Alabama is 0.24%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Arab at $150,450, the typical annual property tax bill is $432, far below the national median of $2,690. Property taxes in Arab are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Arab'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 Arab or another part of Cullman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arab, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$361
$335
Ownwell’s Arab Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arab with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arab 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 Arab, Alabama
Property taxes in Arab, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arab is 0.24%, which is significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Arab set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arab 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 Arab's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in Shelby County at 0.43%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these cities compare with Arab provides valuable insights into the varying tax landscape across Cullman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arab Tax Rate
0.24%
Average Cullman County Tax Rate
0.25%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arab, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35016 | 0.16% | 0.21% | 0.24% | 0.46% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Arab, Alabama
In Arab, 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 Cullman 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 Arab, 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 Arab helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 35016, with a tax bill of $432.00, which is the same for the lowest median tax bill.
Average Arab Assessed Value
$150,450
Average Cullman County Assessed Value
$169,500
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arab, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35016 | $50,260 | $84,925 | $150,450 | $243,650 | $357,960 |
Source: Ownwell
Property Tax Bills Across Arab, Alabama
In Arab, located in Cullman County, Alabama, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Homeowners in Arab face a median property tax bill of $432, which is significantly lower than the national median property tax rate of 0.99%. Factors such as the home's location, size, and condition can influence its assessed value and, consequently, the tax bill. For example, the 25th percentile tax bill in Arab is $241, while the 75th percentile tax bill is $649. At the 90th percentile, the tax bill can reach up to $991. These figures show a range of tax burdens that homeowners might experience, depending on their property's assessed value. This relatively low property tax rate can make homeownership more affordable in Arab, offering financial relief compared to higher-tax regions.
Average Arab Tax Bill
$432
Average Cullman County Tax Bill
$503
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Arab, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35016 | $130 | $241 | $432 | $649 | $991 |
Source: Ownwell