Cragford, Tallapoosa County, Alabama Property Taxes
Median Cragford, AL effective property tax rate: 0.30%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Cragford, AL home value: $31,700
Median annual Cragford, AL tax bill: $95, $2,305 lower than the national median property tax bill of $2,400.
How are property taxes in Tallapoosa calculated?
Property taxes in Cragford, 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 Cragford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cragford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cragford, Tallapoosa County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.3%
Estimate Property Tax Bill
$95
$88
Property Tax Rates Across Cragford, Tallapoosa County, Alabama
Local government entities determine tax rates, which can differ significantly across regions. Each year, counties calculate their necessary budget for services and divide this by the total assessed value of all taxable properties in their area. This process determines the property tax rate. Although the setting of tax rates and budgets involves votes and legislation, this annual method is the core of how it works.
In Cragford, located in Tallapoosa County, Alabama, the effective property tax rate is notably lower than the national median rate of 1.02%. With a median property tax rate of 0.30%, Tallapoosa County offers a more affordable tax environment compared to many other regions in the U.S. This presents a potential advantage for property owners in Cragford, as their tax burden is less than what many Americans face. By comparing Cragford’s tax rate to other cities in Alabama and nationwide, property owners can better understand their financial obligations and the benefits of living in an area with lower property taxes.
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 Cragford Taxx Rate
0.30%
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 Tallapoosa County Taxx Rate
0.32%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Cragford, Tallapoosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36255 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Cragford, Tallapoosa County, Alabama
When examining property taxes in Cragford, 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 Tallapoosa 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.
In Tallapoosa 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 Cragford. For example, the median home price in Cragford is $31,700, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Cragford, Tallapoosa County, Alabama
Source: Ownwell
$55,900
$169,950
$284,000
Median Cragford Market Value
$31,700
Median Tallapoosa County Market Value
$120,950
Median Alabama Market Value
$149,600
Median United States Market Value
$244,900
Property Tax Assessment Values Across Cragford, Tallapoosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36255 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cragford, Tallapoosa County, Alabama
In Cragford, located in Tallapoosa County, Alabama, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. With a median home price of $31,700, homeowners in Cragford typically face property tax bills around $95, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill is reflective of the region's relatively low median home prices. However, even with modest tax bills, ensuring that your property is accurately assessed is crucial to avoid overpayment.
Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions. By reviewing assessments and identifying potential errors or opportunities for exemptions, Ownwell helps ensure that homeowners are not paying more than necessary. This service can be especially valuable in regions like Cragford, where even small savings can make a difference. By leveraging Ownwell's services, homeowners can achieve greater peace of mind and potentially reduce their property tax burden.
Median Cragford Tax Bill
$95
Median Tallapoosa County Tax Bill
$472
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,690
Property Tax Bills Across Cragford, Tallapoosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36255 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell