Castleberry, Alabama Property Taxes
The median property tax rate in Castleberry, AL is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $92,430 in Castleberry, the typical annual property tax bill is $355, which is well below the national median of $2,690. Property taxes in Castleberry are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Castleberry'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 Castleberry 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
Castleberry, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$314
Ownwell’s Castleberry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Castleberry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Castleberry 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 Castleberry, Alabama
Property taxes in Castleberry, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Castleberry is 0.33%, significantly lower than the U.S. national median of 0.99%. Local government entities within Castleberry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Castleberry 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. Understanding how Castleberry's tax rates compare with the national median provides valuable insights into the varying tax landscape across Escambia County, helping homeowners gain a clearer picture of their property tax obligations relative to other areas.
Average Castleberry Tax Rate
0.34%
Average Escambia County Tax Rate
0.44%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Castleberry, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36432 | 0.20% | 0.27% | 0.34% | 0.70% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Castleberry, Alabama
In Castleberry, 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 Escambia 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 Castleberry, 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 Castleberry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 36432, with a median tax bill of $355.
Average Castleberry Assessed Value
$92,430
Average Escambia County Assessed Value
$97,250
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Castleberry, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36432 | $15,676 | $45,012 | $92,430 | $163,400 | $216,525 |
Source: Ownwell
Property Tax Bills Across Castleberry, Alabama
Property tax bills in Castleberry, Escambia County, AL, are calculated based on the assessed value of a property, which is a percentage of the market value. The median home price in Castleberry is $92,430. The property tax rate is then applied to this assessed value to determine the tax bill. Various factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Castleberry, property tax bills can vary significantly. The 25th percentile tax bill is around $140, while the 75th percentile tax bill is approximately $581. At the high end, the 90th percentile tax bill reaches $1,387. Comparatively, the highest and lowest median tax bills in the area both stand at $355, within the zip code 36432. These tax bills impact homeowners by influencing their overall cost of living and financial planning. Understanding how these taxes are calculated helps homeowners better manage their expenses and take advantage of any available tax relief programs.
Average Castleberry Tax Bill
$355
Average Escambia County Tax Bill
$424
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Castleberry, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36432 | $80 | $140 | $355 | $581 | $1,387 |
Source: Ownwell