Arley, Alabama Property Taxes
The median property tax rate in Arley, Alabama is 0.51%, slightly higher than the state median of 0.47% but still well below the national median of 0.99%. With a median home value of $48,500 in Arley, the typical annual property tax bill is approximately $247, significantly lower than the national median of $2,690. Property taxes in Arley are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Arley'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 Arley or another part of Walker County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arley, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$247
$230
Ownwell’s Arley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arley 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 Arley, Alabama
Property taxes in Arley, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arley is 0.51%, which is lower than the U.S. national median of 0.99%. Local government entities within Arley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arley 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 Arley's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35541 zip code has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Arley provides valuable insights into the varying tax landscape across Walker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arley Tax Rate
0.51%
Average Walker County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35541 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Arley, Alabama
In Arley, 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 Walker 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 Arley, 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 Arley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Arley is $48,500, with the highest and lowest median tax bills both being $247 in the 35541 zip code.
Average Arley Assessed Value
$48,500
Average Walker County Assessed Value
$97,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35541 | $48,500 | $48,500 | $48,500 | $48,500 | $48,500 |
Source: Ownwell
Property Tax Bills Across Arley, Alabama
In Arley, located in Walker County, AL, property tax bills are calculated based on the assessed value of your home, which is determined by the county tax assessor. The assessed value is typically a percentage of the market value of the property. For instance, if your home has a median market price of $48,500, the assessed value would be a fraction of this amount, as determined by local regulations. The property tax rate in Arley is then applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, changes in market value, and local tax rates can influence the assessed value and, consequently, the tax bill. For homeowners in Arley, the median property tax bill stands at $247, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax bill can be a financial relief for homeowners, making property ownership more affordable in the region.
Average Arley Tax Bill
$247
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Arley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35541 | $247 | $247 | $247 | $247 | $247 |
Source: Ownwell