Chunchula, Alabama Property Taxes
The median property tax rate in Chunchula, AL is 0.46%, slightly below both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $125,200 in Chunchula, the typical annual property tax bill amounts to $653, which is significantly lower than the national median of $2,690. Property taxes in Chunchula 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 Chunchula'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 Chunchula 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
Chunchula, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$576
Ownwell’s Chunchula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chunchula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chunchula 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 Chunchula, Alabama
Property taxes in Chunchula, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chunchula is 0.46%, lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Chunchula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chunchula 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 Chunchula's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36521 zip code has both the highest and lowest median property tax rate of 0.46%. Understanding how these cities compare with Chunchula provides valuable insights into the varying tax landscape across Mobile County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chunchula Tax Rate
0.46%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chunchula, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36521 | 0.39% | 0.44% | 0.46% | 0.97% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Chunchula, Alabama
In Chunchula, 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 Mobile 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 Chunchula, 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 Chunchula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 36521 has both the highest and lowest median tax bill at $653.
Average Chunchula Assessed Value
$125,200
Average Mobile County Assessed Value
$120,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chunchula, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36521 | $39,260 | $68,600 | $125,200 | $181,400 | $247,060 |
Source: Ownwell
Property Tax Bills Across Chunchula, Alabama
In Chunchula, located in Mobile County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Chunchula is $125,200. To determine the tax bill, local tax authorities multiply the assessed value by the property tax rate. For homeowners in Chunchula, the property tax rate is significantly lower than the national median of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, tax bills in Chunchula range from $385 at the 25th percentile to $1,375 at the 90th percentile, reflecting variations in property values and exemptions. Homeowners benefit from understanding these factors as they can significantly affect their annual expenses. In comparison to other regions, Chunchula's property tax bills are relatively moderate, making it an attractive location for homeowners seeking lower property tax burdens.
Average Chunchula Tax Bill
$653
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Chunchula, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36521 | $227 | $385 | $653 | $960 | $1,375 |
Source: Ownwell