Cullman, Cullman County, Alabama Property Taxes
The median property tax rate in Cullman, AL is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Cullman at $179,000, the typical annual property tax bill is $592, well below the national median of $2,690. Property taxes in Cullman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Cullman'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 Cullman or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cullman, Cullman County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$501
$465
Ownwell’s Cullman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cullman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cullman 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 Cullman, Cullman County, Alabama
Property taxes in Cullman, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cullman is 0.28%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Cullman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cullman 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 Cullman's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35053 zip code has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these areas compare with Cullman 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 Cullman Tax Rate
0.28%
Average Cullman County Tax Rate
0.25%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cullman, Cullman County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35053 | N/A | N/A | N/A | N/A | N/A |
| 35055 | 0.20% | 0.27% | 0.36% | 0.52% | 0.77% |
| 35057 | 0.16% | 0.21% | 0.24% | 0.31% | 0.52% |
| 35058 | 0.16% | 0.21% | 0.24% | 0.37% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Cullman, Cullman County, Alabama
In Cullman, 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 Cullman, 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 Cullman is $1,314 in the 35053 zip code, while the lowest is $465 in the 35058 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cullman, Cullman County, Alabama
Source: Ownwell
$88,000
$190,100
$292,200
Average Cullman Assessed Value
$179,000
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 Cullman, Cullman County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35053 | N/A | N/A | N/A | N/A | N/A |
| 35055 | $84,020 | $124,800 | $183,300 | $271,900 | $445,560 |
| 35057 | $60,250 | $105,900 | $180,600 | $311,625 | $505,600 |
| 35058 | $62,540 | $105,550 | $167,000 | $276,500 | $449,520 |
Source: Ownwell
Property Tax Bills Across Cullman, Cullman County, Alabama
In Cullman, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $179,000. Homeowners can expect their tax bills to fall within a range, with the 25th percentile at $337 and the 75th percentile at $992. For those in the 90th percentile, tax bills can reach up to $1,497. The highest median tax bill in the county is $1,314 in the 35053 zip code, while the lowest is $465 in the 35058 zip code. These tax bills are influenced by various factors, including property location and local tax rates. The national median property tax rate stands at 0.99%, which provides a benchmark for comparison. For homeowners, understanding these factors is crucial as property taxes impact their annual financial planning and the overall affordability of owning a home in Cullman.
Average Cullman Tax Bill
$592
Average Cullman County Tax Bill
$503
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Cullman, Cullman County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35053 | N/A | N/A | N/A | N/A | N/A |
| 35055 | $287 | $468 | $730 | $1,096 | $1,575 |
| 35057 | $137 | $275 | $496 | $885 | $1,509 |
| 35058 | $149 | $270 | $465 | $818 | $1,336 |
Source: Ownwell