Cowarts, Alabama Property Taxes
The median property tax rate in Cowarts, Alabama is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Cowarts at $95,600, the typical annual property tax bill is $417, well below the national median of $2,690. Property taxes in Cowarts are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cowarts' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cowarts 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
Cowarts, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$325
$302
Ownwell’s Cowarts Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cowarts with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cowarts 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 Cowarts, Alabama
Property taxes in Cowarts, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cowarts is 0.34%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Cowarts set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cowarts 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 Cowarts' effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Houston County is found in 36301, which has the highest median property tax rate of 0.51%, while the lowest median tax rate is in 36303 at 0.29%. Understanding how these cities compare with Cowarts provides valuable insights into the varying tax landscape across Houston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cowarts Tax Rate
0.34%
Average Houston County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cowarts, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36321 | 0.27% | 0.30% | 0.34% | 0.48% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Cowarts, Alabama
In Cowarts, 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 Houston 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 Cowarts, 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. The median home price in Cowarts is $95,600, with median annual tax bills ranging from $235 at the 25th percentile to $904 at the 90th percentile. The zip code 36321 has both the highest and lowest median tax bill at $417. Being aware of these valuation processes in Cowarts helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cowarts Assessed Value
$95,600
Average Houston County Assessed Value
$117,800
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cowarts, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36321 | $35,060 | $69,275 | $95,600 | $156,550 | $224,120 |
Source: Ownwell
Property Tax Bills Across Cowarts, Alabama
Property tax bills in Cowarts, Houston County, AL, are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value, which in Cowarts is determined by the Houston County tax assessor. For instance, the median home price in Cowarts is $95,600. Tax bills vary widely, with the 25th percentile at $235 and the 75th percentile at $618, indicating a range of tax burdens for homeowners. Several factors influence your property tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Cowarts should be aware that their tax bills can significantly impact their annual expenses. For example, the highest median tax bill in the area is $417, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Cowarts, providing an advantage to residents compared to other regions with higher property tax rates.
Average Cowarts Tax Bill
$417
Average Houston County Tax Bill
$515
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Cowarts, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36321 | $124 | $235 | $417 | $618 | $904 |
Source: Ownwell