Ragland, Alabama Property Taxes
The median property tax rate in Ragland, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $76,740 in Ragland, the typical annual property tax bill amounts to $236, well below the national median of $2,690. Property taxes in Ragland are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Ragland'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 Ragland or elsewhere in the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ragland, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$230
$214
Ownwell’s Ragland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ragland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ragland 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 Ragland, Alabama
Property taxes in Ragland, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ragland is 0.30%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Ragland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ragland 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 Ragland's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is significantly higher than Ragland's 0.30%, while the lowest median tax rate is also higher. Understanding how these cities compare with Ragland provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ragland Tax Rate
0.30%
Average St. Clair County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ragland, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35131 | 0.18% | 0.24% | 0.30% | 0.36% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Ragland, Alabama
In Ragland, 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 St. Clair 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 Ragland, 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 Ragland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ragland is $236 in zip code 35131, which is the same for the lowest median tax bill.
Average Ragland Assessed Value
$76,740
Average St. Clair County Assessed Value
$169,020
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ragland, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35131 | $26,480 | $43,200 | $76,740 | $140,620 | $220,076 |
Source: Ownwell
Property Tax Bills Across Ragland, Alabama
In Ragland, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The assessed value is then multiplied by the local property tax rate. For homeowners in Ragland, located in St. Clair County, the median home price is $76,740. With property tax rates varying, the tax bill can range significantly. The 25th percentile tax bill is $116, while the 75th percentile reaches $418, and the 90th percentile can be as high as $653. These variations in tax bills are influenced by several factors, including the specific assessed value of the property and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Ragland’s property tax bills can be relatively modest. This can provide some relief for homeowners, making it more affordable to maintain property ownership in the area. However, understanding these factors is crucial for homeowners to anticipate their annual tax obligations accurately.
Average Ragland Tax Bill
$236
Average St. Clair County Tax Bill
$648
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Ragland, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35131 | $59 | $116 | $236 | $418 | $653 |
Source: Ownwell