Carbon Hill, Alabama Property Taxes
The median property tax rate in Carbon Hill, AL is 0.32%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Carbon Hill at $68,900, the typical annual property tax bill amounts to $222, which is well below the national median of $2,690. Property taxes in Carbon Hill are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Carbon 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 Carbon 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
Carbon Hill, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$220
$205
Ownwell’s Carbon Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carbon Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carbon 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 Carbon Hill, Alabama
Property taxes in Carbon 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 Carbon Hill is 0.32%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Carbon Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carbon 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. The data below compares Carbon Hill'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 significantly higher, while some areas have even lower rates than Carbon Hill's 0.32%. Understanding how these cities compare with Carbon Hill 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 Carbon Hill Tax Rate
0.32%
Average Walker County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbon Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35549 | 0.17% | 0.23% | 0.32% | 0.51% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Carbon Hill, Alabama
In Carbon 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 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 Carbon Hill, 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 Carbon Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Carbon Hill are both $222.00, found in the 35549 zip code.
Average Carbon Hill Assessed Value
$68,900
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 Carbon Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35549 | $18,700 | $37,400 | $68,900 | $121,650 | $183,500 |
Source: Ownwell
Property Tax Bills Across Carbon Hill, Alabama
In Carbon Hill, located in Walker 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 Carbon Hill is $68,900. Property tax rates in this area are relatively low compared to the national median property tax rate of 0.99%. For instance, the 25th percentile tax bill is $108, while the 75th percentile tax bill is $394. The highest median tax bill in the area is $222, found in the 35549 zip code. Several factors influence the final tax bill, including the home's assessed value, applicable exemptions, and the local tax rate. For homeowners, this means that even within the same city, tax bills can vary significantly. Understanding these variables can help homeowners better anticipate their annual property tax expenses and plan accordingly. Lower property taxes can make homeownership more affordable, but it's essential to stay informed about any changes in local tax policies that might affect future bills.
Average Carbon Hill Tax Bill
$222
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbon Hill, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35549 | $55 | $108 | $222 | $394 | $598 |
Source: Ownwell