Coaling, Alabama Property Taxes
The median property tax rate in Coaling, Alabama is 0.34%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Coaling at $140,100, the typical annual property tax bill reaches $490, significantly below the national median of $2,690. Property taxes in Coaling 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 Coaling'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 Coaling 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
Coaling, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$476
Ownwell’s Coaling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coaling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coaling 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 Coaling, Alabama
Property taxes in Coaling, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coaling is 0.34%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Coaling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coaling 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 Coaling'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 0.33%. Understanding how these cities compare with Coaling provides valuable insights into the varying tax landscape across Tuscaloosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coaling Tax Rate
0.34%
Average Tuscaloosa County Tax Rate
0.46%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coaling, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35453 | 0.26% | 0.29% | 0.34% | 0.39% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Coaling, Alabama
In Coaling, 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 Tuscaloosa 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 Coaling, 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 Coaling helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Coaling is $490.00, with the highest and lowest tax bills both found in zip code 35453.
Average Coaling Assessed Value
$140,100
Average Tuscaloosa County Assessed Value
$160,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coaling, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35453 | $56,240 | $100,900 | $140,100 | $187,700 | $247,500 |
Source: Ownwell
Property Tax Bills Across Coaling, Alabama
In Coaling, property tax bills are calculated based on the assessed value of a home, which is determined by the Tuscaloosa County tax assessor. The assessed value is a percentage of the property's market value. For instance, with a median home price of $140,100, the assessed value is multiplied by the local tax rate to determine the annual property tax bill. In Coaling, tax bills can vary significantly. The 25th percentile tax bill is around $317, while the 75th percentile reaches up to $708, and the 90th percentile can be as high as $1,000. These figures indicate that homeowners in Coaling can expect a range of tax obligations, influenced by the assessed value of their property and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Coaling's tax rates offer a valuable perspective on local tax burdens. Understanding these factors helps homeowners anticipate their annual property tax responsibilities and plan accordingly.
Average Coaling Tax Bill
$490
Average Tuscaloosa County Tax Bill
$736
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Coaling, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35453 | $179 | $317 | $490 | $708 | $1,000 |
Source: Ownwell