Carrollton, Alabama Property Taxes
The median property tax rate in Carrollton, AL is 0.43%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Carrollton at $89,880, the typical annual property tax bill amounts to $393, well below the national median of $2,690. Property taxes in Carrollton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carrollton'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 Carrollton 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
Carrollton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$386
$359
Ownwell’s Carrollton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carrollton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carrollton 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 Carrollton, Alabama
Property taxes in Carrollton, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carrollton is 0.43%, lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Carrollton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carrollton 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 Carrollton's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35447 zip code has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Carrollton provides valuable insights into the varying tax landscape across Pickens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carrollton Tax Rate
0.43%
Average Pickens County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carrollton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35447 | 0.23% | 0.30% | 0.43% | 0.62% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Carrollton, Alabama
In Carrollton, 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 local 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 Carrollton, 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 Carrollton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Carrollton, the median home price is $89,880. The median tax bills range from $218 at the 25th percentile to $1,022 at the 90th percentile. The highest median tax bill is $393 in the 35447 zip code, which is also the lowest median tax bill.
Average Carrollton Assessed Value
$89,880
Average Pickens County Assessed Value
$97,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carrollton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35447 | $34,824 | $54,580 | $89,880 | $140,270 | $216,212 |
Source: Ownwell
Property Tax Bills Across Carrollton, Alabama
In Carrollton, Pickens 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 here is $89,880. Local tax authorities determine the assessed value, which is then multiplied by the local property tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Carrollton typically see tax bills ranging from $218 at the 25th percentile to $685 at the 75th percentile, with the 90th percentile reaching up to $1,022. These figures are relatively low compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both $393, found in the 35447 zip code. Understanding how property tax bills are calculated can help homeowners budget effectively and potentially identify opportunities for tax appeals or exemptions, ensuring they are not overpaying on their property taxes.
Average Carrollton Tax Bill
$393
Average Pickens County Tax Bill
$403
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Carrollton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35447 | $117 | $218 | $393 | $685 | $1,022 |
Source: Ownwell