Coden, Alabama Property Taxes
The median property tax rate in CODEN, AL is 0.54%, slightly above the Alabama state median of 0.47% but still lower than the national median of 0.99%. With a median home value of $82,500 in CODEN, the typical annual property tax bill is around $554, which is significantly less than the national median of $2,690. Property taxes in CODEN are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of CODEN’s property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of CODEN or another part of Mobile County, a deep understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coden, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$446
Ownwell’s CODEN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CODEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CODEN 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 Coden, Alabama
Property taxes in CODEN, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CODEN is 0.54%, which is lower than the U.S. national median of 0.99%. Local government entities within CODEN set these rates annually, and they can vary significantly across different neighborhoods. Each year, CODEN 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 CODEN's effective property tax rate to other areas in Alabama and the national median. For comparison, the zip code 36523 has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these areas compare with CODEN 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 Coden Tax Rate
0.54%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36523 | 0.42% | 0.47% | 0.54% | 1.03% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Coden, Alabama
In CODEN, 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 CODEN, 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 CODEN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in CODEN, both at $554, are found in the 36523 zip code.
Average Coden Assessed Value
$82,500
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 Coden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36523 | $17,490 | $37,975 | $82,500 | $185,550 | $307,850 |
Source: Ownwell
Property Tax Bills Across Coden, Alabama
In CODEN, Mobile County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $82,500, the assessed value is determined by applying the state's assessment ratio. The resulting figure is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In CODEN, tax bills can vary significantly, with the 25th percentile at $253 and the 75th percentile reaching $1,101. For higher-value properties, the tax bill can go up to $1,805 at the 90th percentile. These property taxes are crucial for funding local services and infrastructure, impacting homeowners directly by influencing their annual expenses. Compared to the national median property tax rate of 0.99%, homeowners in CODEN may find their property taxes relatively manageable, contributing to the overall affordability of living in this region.
Average Coden Tax Bill
$554
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Coden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36523 | $136 | $253 | $554 | $1,101 | $1,805 |
Source: Ownwell