Cloverdale, Alabama Property Taxes
The median property tax rate in Cloverdale, AL is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Cloverdale at $215,550, the typical annual property tax bill is $687, well below the national median of $2,690. Property taxes in Cloverdale are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cloverdale'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 Cloverdale or another part of Lauderdale County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cloverdale, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Cloverdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cloverdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cloverdale 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 Cloverdale, Alabama
Property taxes in Cloverdale, Alabama, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Cloverdale is 0.35%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Cloverdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cloverdale 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 Cloverdale'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 Jefferson County at 0.66%, while the lowest median tax rate is in Crenshaw County at 0.17%. Understanding how these cities compare with Cloverdale provides valuable insights into the varying tax landscape across Lauderdale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cloverdale Tax Rate
0.35%
Average Lauderdale County Tax Rate
0.46%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cloverdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35617 | 0.17% | 0.31% | 0.35% | 0.39% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Cloverdale, Alabama
In Cloverdale, 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 Lauderdale 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 Cloverdale, 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 Cloverdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cloverdale are both $687, found in the zip code 35617.
Average Cloverdale Assessed Value
$215,550
Average Lauderdale County Assessed Value
$145,000
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cloverdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35617 | $129,570 | $160,575 | $215,550 | $294,250 | $352,480 |
Source: Ownwell
Property Tax Bills Across Cloverdale, Alabama
In Cloverdale, located in Lauderdale County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $215,550 in Cloverdale, homeowners can expect a range in their tax bills. The 25th percentile tax bill is around $449, while those in the 75th percentile might pay approximately $954. For the top 10% of homeowners, tax bills can reach up to $1,209. These figures contrast with the national median property tax rate of 0.99%, highlighting how local rates and home values significantly impact what homeowners owe. Factors such as property improvements, neighborhood developments, and changes in market conditions can also influence the assessed value, thereby affecting the tax bill. Understanding these elements can help homeowners better anticipate and manage their annual property tax obligations.
Average Cloverdale Tax Bill
$687
Average Lauderdale County Tax Bill
$686
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Cloverdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35617 | $233 | $449 | $687 | $954 | $1,209 |
Source: Ownwell