Camp Hill, Alabama Property Taxes
The median property tax rate in Camp Hill, Alabama is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $55,900 in Camp Hill, the typical annual property tax bill is $183, well below the national median of $2,690. Property taxes in Camp Hill are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Camp Hill'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 Camp Hill 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
Camp Hill, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$190
$176
Ownwell’s Camp Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Camp Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camp Hill 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 Camp Hill, Alabama
Property taxes in Camp Hill, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camp Hill is 0.34%, significantly lower than the U.S. national median of 0.99%. Local government entities within Camp Hill set these rates annually, and they can vary across different neighborhoods. Each year, Camp Hill 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. Understanding how Camp Hill's effective property tax rate compares to other areas in Tallapoosa County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camp Hill Tax Rate
0.34%
Average Tallapoosa County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camp Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36850 | 0.20% | 0.27% | 0.34% | 0.60% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Camp Hill, Alabama
In Camp Hill, 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 Tallapoosa 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. 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 Camp Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $183 in the 36850 zip code, while the lowest is also $183 in the same zip code.
Average Camp Hill Assessed Value
$55,900
Average Tallapoosa County Assessed Value
$120,950
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camp Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36850 | $15,500 | $32,700 | $55,900 | $97,100 | $179,280 |
Source: Ownwell
Property Tax Bills Across Camp Hill, Alabama
In Camp Hill, Tallapoosa 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 in this area is $55,900. Property taxes are then determined by applying the local tax rate to this assessed value. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For homeowners in Camp Hill, the property tax bill can vary significantly. The 25th percentile of tax bills is $101, indicating that a quarter of homeowners pay less than this amount. On the higher end, the 75th percentile tax bill is $330, while the 90th percentile reaches $553. Comparatively, these figures are lower than the national median property tax rate of 0.99%, making Camp Hill relatively affordable in terms of property taxes. This affordability can positively impact homeowners by reducing their overall housing costs, making it easier to manage their finances.
Average Camp Hill Tax Bill
$183
Average Tallapoosa County Tax Bill
$472
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Camp Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36850 | $51 | $101 | $183 | $330 | $553 |
Source: Ownwell