Catherine, Alabama Property Taxes
The median property tax rate in Catherine, Alabama 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 Catherine, the typical annual property tax bill is $213, which is well below the national median of $2,690. Property taxes in Catherine are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Catherine'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 Catherine or another part of Marengo County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Catherine, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$219
$203
Ownwell’s Catherine Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Catherine using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Catherine to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Catherine, Alabama
Property taxes in Catherine, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Catherine is 0.35%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Catherine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Catherine 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 Catherine's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Catherine provides valuable insights into the varying tax landscape across Marengo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Catherine Tax Rate
0.35%
Average Marengo County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Catherine, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36728 | 0.23% | 0.32% | 0.35% | 0.37% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Catherine, Alabama
In Catherine, 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 Marengo 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 Catherine, 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. For instance, the median home price in Catherine is $62,620, with tax bills ranging from $92 at the 25th percentile to $726 at the 90th percentile. The highest median tax bill is $213 in the 36728 zip code. 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 Catherine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Catherine Assessed Value
$62,620
Average Marengo County Assessed Value
$83,940
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Catherine, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36728 | $15,280 | $37,840 | $62,620 | $122,040 | $214,628 |
Source: Ownwell
Property Tax Bills Across Catherine, Alabama
In Catherine, located in Marengo County, AL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For instance, with a median home price of $62,620, homeowners can expect property tax bills to vary significantly. At the 25th percentile, tax bills are around $92, while at the 75th percentile, they can reach up to $522. The 90th percentile sees tax bills as high as $726. Several factors influence these amounts, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Catherine's property taxes are relatively modest. This can be an advantage for homeowners, as lower property taxes can contribute to more affordable living expenses. However, it also means that local services funded by property taxes might receive less financial support.
Average Catherine Tax Bill
$213
Average Marengo County Tax Bill
$351
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Catherine, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36728 | $51 | $92 | $213 | $522 | $726 |
Source: Ownwell