Cusseta, Alabama Property Taxes
The median property tax rate in Cusseta, AL is 0.38%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Cusseta at $121,550, the typical annual property tax bill amounts to $526, well below the national median of $2,690. Property taxes in Cusseta 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 Cusseta'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 Cusseta 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
Cusseta, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$462
Ownwell’s Cusseta Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cusseta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cusseta 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 Cusseta, Alabama
Property taxes in Cusseta, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cusseta is 0.33%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Cusseta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cusseta 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 Cusseta'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 0.66%, while the lowest median tax rate is 0.16%. Understanding how these cities compare with Cusseta provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cusseta Tax Rate
0.38%
Average Lee County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cusseta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36852 | 0.30% | 0.33% | 0.38% | 0.41% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Cusseta, Alabama
In Cusseta, 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 Lee 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. 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 Cusseta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Cusseta, the zip code 36852 has both the highest and lowest median tax bill, with a value of $526.
Average Cusseta Assessed Value
$121,550
Average Lee County Assessed Value
$237,000
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cusseta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36852 | $46,250 | $60,260 | $121,550 | $226,990 | $317,200 |
Source: Ownwell
Property Tax Bills Across Cusseta, Alabama
Property tax bills in Cusseta, located in Lee County, AL, are determined based on the assessed value of a property, which is a percentage of its market value. In this city, the median home price stands at $121,550. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile tax bill being as low as $269, while the 75th percentile reaches $972. For those at the 90th percentile, the tax bill can go up to $1,312. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Cusseta's rates offer a range that can be beneficial for homeowners looking for lower property taxes. This variability in tax bills can impact homeowners' financial planning, making it essential for them to understand the specific factors that contribute to their annual property tax obligations.
Average Cusseta Tax Bill
$526
Average Lee County Tax Bill
$1,329
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Cusseta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36852 | $165 | $269 | $526 | $972 | $1,312 |
Source: Ownwell