Talladega, Talladega County, Alabama Property Taxes
The median property tax rate in Talladega, AL is 0.40%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Talladega at $80,300, the typical annual property tax bill is $320, well below the national median of $2,690. Property taxes in Talladega are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Talladega's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Talladega 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
Talladega, Talladega County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$321
$298
Ownwell’s Talladega Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Talladega with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Talladega 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 Talladega, Talladega County, Alabama
Property taxes in Talladega, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Talladega is 0.40%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Talladega set these rates annually, and they can vary significantly across different neighborhoods. Each year, Talladega 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 Talladega'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 0.66%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Talladega provides valuable insights into the varying tax landscape across Talladega County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Talladega Tax Rate
0.40%
Average Talladega County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Talladega, Talladega County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35160 | N/A | N/A | N/A | N/A | N/A |
| 35161 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Talladega, Talladega County, Alabama
In Talladega, 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 Talladega 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 Talladega, 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 Talladega helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 35161 bears the highest median tax bill of $371, while the lowest is also $371, reflecting the uniformity in tax distribution across the area.
Property Tax Assessment Values Across Talladega, Talladega County, Alabama
Source: Ownwell
$34,600
$90,500
$146,400
Average Talladega Assessed Value
$80,300
Average Talladega County Assessed Value
$93,200
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Talladega, Talladega County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35160 | N/A | N/A | N/A | N/A | N/A |
| 35161 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Talladega, Talladega County, Alabama
In Talladega, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $80,300, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $116, while the 75th percentile reaches $634, and the 90th percentile can go up to $1,026. Several factors influence the tax bill, including property location, market conditions, and local government budget needs. Homeowners in the zip code 35161 experience a median tax bill of $371, which is relatively low compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable in Talladega, but it also means that local services and infrastructure might receive less funding compared to areas with higher property taxes.
Average Talladega Tax Bill
$320
Average Talladega County Tax Bill
$396
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Talladega, Talladega County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35160 | N/A | N/A | N/A | N/A | N/A |
| 35161 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell