Calvert, Alabama Property Taxes
The median property tax rate in Calvert, AL is 0.30%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Calvert at $61,500, the typical annual property tax bill is $163, far below the national median of $2,690. Property taxes in Calvert are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Calvert'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 Calvert 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
Calvert, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$185
$171
Ownwell’s Calvert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calvert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calvert 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 Calvert, Alabama
Property taxes in Calvert, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calvert is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Calvert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calvert 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 Calvert'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 0.20%. Understanding how these cities compare with Calvert provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calvert Tax Rate
0.30%
Average Washington County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calvert, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36513 | 0.19% | 0.26% | 0.30% | 0.37% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Calvert, Alabama
In Calvert, 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 Washington 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 Calvert, 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. For instance, the median home price in Calvert is $61,500, with annual tax bills ranging from $106 at the 25th percentile to $570 at the 90th percentile. The zip code with the highest median tax bill is 36513, at $163, which is also the lowest median tax bill. By understanding 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 Calvert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Calvert Assessed Value
$61,500
Average Washington County Assessed Value
$82,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calvert, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36513 | $22,640 | $30,300 | $61,500 | $128,700 | $194,800 |
Source: Ownwell
Property Tax Bills Across Calvert, Alabama
In Calvert, Alabama, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For homeowners in Calvert, the median home price is $61,500. The tax bill is influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions. The median property tax bill in this area is $163, with the 25th percentile at $106 and the 75th percentile reaching $325. At the 90th percentile, homeowners can expect a tax bill of approximately $570. These figures suggest that while some homeowners might pay relatively low property taxes, others could face higher bills depending on their property's assessed value and other contributing factors. Compared to the national median property tax rate of 0.99%, the rates in Calvert offer a more affordable option for homeowners. Understanding these factors helps homeowners anticipate their tax obligations and budget accordingly, ensuring they are prepared for their annual property tax bills.
Average Calvert Tax Bill
$163
Average Washington County Tax Bill
$215
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Calvert, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36513 | $79 | $106 | $163 | $325 | $570 |
Source: Ownwell