Oneonta, Alabama Property Taxes
The median property tax rate in Oneonta, AL is 0.36%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Oneonta at $189,400, the typical annual property tax bill amounts to $1,039, which is also below the national median of $2,690. Property taxes in Oneonta are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Oneonta'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 Oneonta 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
Oneonta, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$682
$633
Ownwell’s Oneonta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oneonta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oneonta 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 Oneonta, Alabama
Property taxes in Oneonta, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oneonta is 0.36%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Oneonta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oneonta 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 Oneonta's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the state is found in Shelby County, with a rate of 0.54%, while the lowest median tax rate is in Conecuh County at 0.24%. Understanding how these cities compare with Oneonta provides valuable insights into the varying tax landscape across Etowah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oneonta Tax Rate
0.36%
Average Etowah County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oneonta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35121 | 0.26% | 0.31% | 0.36% | 0.53% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Oneonta, Alabama
In Oneonta, 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 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 Oneonta, 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 Oneonta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 35121 has the highest and lowest median tax bill at $1,039.
Average Oneonta Assessed Value
$189,400
Average Etowah County Assessed Value
$135,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oneonta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35121 | $52,520 | $111,600 | $189,400 | $251,700 | $452,060 |
Source: Ownwell
Property Tax Bills Across Oneonta, Alabama
In Oneonta, located in Etowah County, Alabama, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $189,400, homeowners can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $509, while at the 75th percentile, it rises to approximately $1,216. The 90th percentile sees even higher bills, reaching $1,784. These figures highlight the variability in property tax obligations across different homeowners. Compared to the national median property tax rate of 0.99%, Oneonta's tax rates can have a considerable impact on homeowners, influencing their overall housing costs and financial planning. Understanding these factors can help homeowners better anticipate and manage their property tax responsibilities.
Average Oneonta Tax Bill
$1,039
Average Etowah County Tax Bill
$625
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Oneonta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35121 | $165 | $509 | $1,039 | $1,216 | $1,784 |
Source: Ownwell