Creola, Alabama Property Taxes
The median property tax rate in Creola, AL is 0.49%, slightly higher than the state median of 0.47% but below the national median of 0.99%. With a median home value of $118,900 in Creola, the typical annual property tax bill is $674, significantly lower than the national median of $2,690. Property taxes in Creola are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Creola'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 Creola 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
Creola, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$583
$541
Ownwell’s Creola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Creola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Creola 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 Creola, Alabama
Property taxes in Creola, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Creola is 0.49%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Creola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Creola 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 Creola's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36525 has both the highest and lowest median property tax rate of 0.49% within the area. Understanding how these cities compare with Creola 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 Creola Tax Rate
0.49%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Creola, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36525 | 0.43% | 0.46% | 0.49% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Creola, Alabama
In Creola, 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 Creola, 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 Creola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 36525, both at $674.
Average Creola Assessed Value
$118,900
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 Creola, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36525 | $44,140 | $75,350 | $118,900 | $169,700 | $248,060 |
Source: Ownwell
Property Tax Bills Across Creola, Alabama
In Creola, located in Mobile County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically represents a percentage of the market value of the property. For instance, if the median home price in Creola is $118,900, the assessed value would be a fraction of this amount. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Creola, the tax bills can range widely. For example, the 25th percentile tax bill is around $489, while the 75th percentile tax bill can go up to $992. For those in the 90th percentile, the tax bill can reach as high as $1,408. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners by contributing to the quality of community resources and overall living conditions.
Average Creola Tax Bill
$674
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Creola, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36525 | $282 | $489 | $674 | $992 | $1,408 |
Source: Ownwell