Arley, Alabama Property Taxes
The median property tax rate in Arley, Alabama is 0.24%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Arley at $267,850, the typical annual property tax bill is around $632, which is well below the national median of $2,690. Property taxes in Arley are calculated based on the assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Arley'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 Arley or another part of Cullman County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arley, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$643
$597
Ownwell’s Arley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arley 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 Cullman County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Arley, Alabama
Property taxes in Arley, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arley is 0.24%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Arley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arley 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 Arley'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 zip code 35242, with a rate of 0.66%, while the lowest median tax rate is in zip code 35034, at 0.18%. Understanding how these cities compare with Arley 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 Arley 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 Arley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35541 | 0.17% | 0.19% | 0.24% | 0.26% | 0.30% |
Source: Ownwell
Property Tax Assessment Values Across Arley, Alabama
In Arley, 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 Arley, 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. The median home price in Arley is $267,850, with the 25th percentile tax bill at $442 and the 75th percentile tax bill at $847. Notably, the highest and lowest median tax bills are both $632, found in the 35541 zip code. 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 Arley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arley Assessed Value
$267,850
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 Arley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35541 | $49,730 | $198,050 | $267,850 | $344,375 | $444,410 |
Source: Ownwell
Property Tax Bills Across Arley, Alabama
In Arley, Cullman County, Alabama, 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 Arley is $267,850, and the local property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, location, and market conditions can affect the assessed value, thereby influencing the tax bill. For homeowners in Arley, the tax bill typically ranges from $442 at the 25th percentile to $847 at the 75th percentile, with the 90th percentile reaching up to $1,128. This variation indicates that while some homeowners might pay relatively lower taxes, others could see higher bills depending on their property’s assessed value. Compared to the national median property tax rate of 0.99%, Arley's property tax bills are relatively moderate, providing some financial relief for homeowners. This calculation method ensures that tax contributions are proportionate to property values, maintaining a fair system for all residents.
Average Arley Tax Bill
$632
Average Cullman County Tax Bill
$503
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Arley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35541 | $279 | $442 | $632 | $847 | $1,128 |
Source: Ownwell