Cottonton, Russell County, Alabama Property Taxes

Name: Property Tax Bills Across Cottonton, Russell County, Alabama
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cottonton, AL effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Cottonton, AL home value: $62,367
Median annual Cottonton, AL tax bill: $225, $2,175 lower than the national median property tax bill of $2,400.

How are property taxes in Russell County calculated?

Property taxes in Cottonton, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cottonton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cottonton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cottonton, Russell County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.36%

Estimate Property Tax Bill

$225

$208

Ownwell’s Cottonton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cottonton with just two data points. By entering your property's estimated assessed value, our calculator applies Cottonton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Russell County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cottonton, Russell County, Alabama

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Cottonton, located in Russell County, Alabama, the property tax rate is significantly lower than the national median property tax rate of 1.02%. With a median tax rate of 0.36%, property owners in Cottonton benefit from one of the lowest property tax burdens in the country. This rate is also below Alabama's median, reflecting the state's generally favorable property tax climate. For homeowners, this means more savings and less financial strain compared to other regions. By understanding these dynamics, property owners in Cottonton can better appreciate their advantageous position and make informed decisions about property ownership and investment.

Property Tax Rates Across Cottonton, Russell County, Alabama

Source: Ownwell

0.36%

0.77%

1.18%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cottonton Taxx Rate

0.36%

Median Effective Russell County Taxx Rate

0.55%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Cottonton, Russell County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
36851	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cottonton, Russell County, Alabama

When examining property taxes in Cottonton, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Russell County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Russell County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cottonton.

For example, the median home price in Cottonton is $62,367, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Cottonton, Russell County, Alabama

Source: Ownwell

$7,000

$75,470

$143,939

Median Cottonton Market Value

$62,367

Median Russell County Market Value

$115,149

Median Alabama Market Value

$149,600

Median United States Market Value

$244,900

Property Tax Assessment Values Across Cottonton, Russell County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
36851	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cottonton, Russell County, Alabama

In Cottonton, located in Russell County, Alabama, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $62,367, homeowners in Cottonton typically face a property tax bill of around $225, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to Alabama's generally low property tax rates. However, even with these lower rates, any unnecessary tax burden can strain homeowners. This is where Ownwell can assist. By providing property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bill. With expert guidance, homeowners can navigate the complexities of property tax assessments and secure the savings they deserve, ensuring they only pay what is truly necessary.

Property Tax Bills Across Cottonton, Russell County, Alabama

Source: Ownwell

$50

$428

$805

Median Cottonton Tax Bill

$225

Median Russell County Tax Bill

$625

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,690

Property Tax Bills Across Cottonton, Russell County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
36851	N/A	N/A	N/A	N/A	N/A

Source: Ownwell