Coker, Alabama Property Taxes
The median property tax rate in Coker, AL is 0.27%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value of $145,900 in Coker, the typical annual property tax bill is around $410, far below the national median of $2,690. Property taxes in Coker 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 Coker'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 Coker or another part of Tuscaloosa County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coker, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$394
$366
Ownwell’s Coker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coker 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 Coker, Alabama
Property taxes in Coker, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coker is 0.27%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Coker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coker 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 Coker's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Tuscaloosa County is 0.48%, while the lowest median tax rate is 0.21%. Understanding how these cities compare with Coker 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 Coker Tax Rate
0.27%
Average Tuscaloosa County Tax Rate
0.46%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coker, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35452 | 0.18% | 0.22% | 0.27% | 0.37% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Coker, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coker, Alabama. 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 Coker, 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 Coker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 35452 has the highest median tax bill at $410.
Average Coker Assessed Value
$145,900
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 Coker, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35452 | $52,540 | $91,400 | $145,900 | $210,400 | $300,060 |
Source: Ownwell
Property Tax Bills Across Coker, Alabama
In Coker, Tuscaloosa County, AL, 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 tax bill. For example, a home with a median market price of $145,900 will have its assessed value calculated according to state guidelines. The tax bill can vary widely depending on the assessed value and applicable exemptions. Homeowners in Coker can expect to pay a tax bill ranging from $238 at the 25th percentile to $1,040 at the 90th percentile, with a median tax bill of $410. This amount is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential services such as schools, public safety, and infrastructure. Lower property taxes can make homeownership more affordable, but they may also reflect fewer local services or amenities compared to areas with higher tax rates.
Average Coker Tax Bill
$410
Average Tuscaloosa County Tax Bill
$736
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Coker, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35452 | $125 | $238 | $410 | $677 | $1,040 |
Source: Ownwell