Calera, Alabama Property Taxes
The median property tax rate in Calera, AL is 0.52%, slightly higher than the state median of 0.47% but still below the national median of 0.99%. With a median home value of $175,500 in Calera, the typical annual property tax bill amounts to $943, which is significantly less than the national median of $2,690. Property taxes in Calera are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Calera'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 Calera or another part of Shelby County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calera, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$913
$847
Ownwell’s Calera Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calera with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calera 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 Calera, Alabama
Property taxes in Calera, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calera is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Calera set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calera 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 Calera's effective property tax rate to other areas in Shelby County and the national median. For comparison, the 35040 zip code has both the highest and lowest median property tax rate of 0.52%. Understanding how these cities compare with Calera provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calera Tax Rate
0.52%
Average Shelby County Tax Rate
0.48%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calera, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35040 | 0.34% | 0.51% | 0.52% | 0.54% | 1.08% |
| 35143 | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% |
Source: Ownwell
Property Tax Assessment Values Across Calera, Alabama
In Calera, 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 Shelby 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 Calera, 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 Calera helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $1,295 in the 35143 zip code, while the lowest is $943 in the 35040 zip code.
Average Calera Assessed Value
$175,500
Average Shelby County Assessed Value
$249,060
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calera, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35040 | $115,194 | $142,510 | $175,500 | $216,400 | $269,020 |
| 35143 | $597,080 | $597,080 | $597,080 | $597,080 | $597,080 |
Source: Ownwell
Property Tax Bills Across Calera, Alabama
In Calera, located in Shelby County, AL, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property’s market value. For homeowners in Calera, the tax bill is influenced by various factors including the property's assessed value, applicable tax rates, and any exemptions for which the homeowner may qualify. The median home price in Calera is $175,500. Homeowners typically see tax bills ranging from $706 at the 25th percentile to $1,810 at the 90th percentile. The median tax bill in the highest-taxed zip code, 35143, is $1,295, while the lowest median tax bill in zip code 35040 is $943. Compared to the national median property tax rate of 0.99%, Calera’s property taxes can vary significantly, affecting homeowners' annual expenses. Understanding these factors can help homeowners budget more effectively and potentially seek exemptions to reduce their tax burden.
Average Calera Tax Bill
$943
Average Shelby County Tax Bill
$1,229
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Calera, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35040 | $191 | $705 | $943 | $1,323 | $1,810 |
| 35143 | $1,295 | $1,295 | $1,295 | $1,295 | $1,295 |
Source: Ownwell