Cecil, Alabama Property Taxes
The median property tax rate in Cecil, Alabama is 0.68%, which is lower than the national median of 0.99% but higher than the Alabama state median of 0.47%. With the median home value in Cecil at $330,550, the typical annual property tax bill amounts to $1,956, falling below the national median of $2,690. Property taxes in Cecil are calculated based on the tax assessed value, which generally is less than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Cecil's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're residing in the heart of Cecil or another part of the city, gaining insight into the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Cecil, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$2,248
$2,086
Ownwell’s Cecil Property Tax Bill Calculator empowers homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Cecil with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cecil to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. To explore trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any exemptions that may apply.
Property Tax Rates Across Cecil, Alabama
Property taxes in Cecil, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cecil 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 Cecil set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cecil 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 Cecil's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36013 zip code has the highest median property tax rate of 0.33%, while the 36013 zip code also has the lowest median tax rate of 0.33%. Understanding how these cities compare with Cecil provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cecil Tax Rate
0.68%
Average Montgomery County Tax Rate
0.48%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cecil, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36013 | 0.34% | 0.41% | 0.68% | 0.68% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Cecil, Alabama
In Cecil, 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 Montgomery 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 Cecil, 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 Cecil helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Montgomery County is $1956.00, found in zip code 36013.
Average Cecil Assessed Value
$330,550
Average Montgomery County Assessed Value
$131,500
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cecil, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36013 | $87,260 | $220,225 | $330,550 | $442,475 | $572,670 |
Source: Ownwell
Property Tax Bills Across Cecil, Alabama
In Cecil, located in Montgomery County, AL, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Cecil is $330,550. Homeowners in the 25th percentile can expect to pay around $1,047 annually, while those in the 75th percentile pay about $2,872. At the higher end, the 90th percentile tax bill reaches $4,156. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill. The highest median tax bill in the area is $1,956, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential local services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Consequently, understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Cecil Tax Bill
$1,956
Average Montgomery County Tax Bill
$782
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Cecil, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36013 | $520 | $1,047 | $1,956 | $2,872 | $4,156 |
Source: Ownwell