Cullman, Alabama Property Taxes
The median property tax rate in Cullman, AL is 0.25%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Cullman at $165,160, the typical annual property tax bill is $344, which is well below the national median of $2,690. Property taxes in Cullman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Cullman'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 Cullman 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
Cullman, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$413
$383
Ownwell’s Cullman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cullman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cullman 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 Cullman, Alabama
Property taxes in Cullman, Alabama, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Cullman is 0.31%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Cullman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cullman 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 Cullman'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 found in Jefferson County at 0.66%, while the lowest median tax rate is in Crenshaw County at 0.16%. Understanding how these counties compare with Cullman provides valuable insights into the varying tax landscape across Winston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cullman Tax Rate
0.25%
Average Winston County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cullman, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35057 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Cullman, Alabama
In Cullman, 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 local 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 Cullman, 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. Cullman has a median home price of $165,160, and the median property tax bill is consistent across various percentiles, standing at $344. Notably, the highest and lowest median tax bills are both found in zip code 35057. 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 Cullman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cullman Assessed Value
$165,160
Average Winston County Assessed Value
$114,100
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cullman, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35057 | $142,824 | $151,200 | $165,160 | $216,340 | $247,048 |
Source: Ownwell
Property Tax Bills Across Cullman, Alabama
In Cullman, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Cullman can expect a median property tax bill of $344, which is significantly lower than the national median property tax rate of 0.99%. This low tax rate is advantageous for homeowners, making it more affordable to maintain property ownership in the area. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, exemptions for primary residences or for senior citizens can reduce the overall tax burden. The uniformity in tax bills across different percentiles—25th, 75th, and 90th—indicates a consistent tax rate applied to properties within the city. For homeowners, understanding these factors can help in anticipating annual tax expenses and budgeting accordingly.
Average Cullman Tax Bill
$344
Average Winston County Tax Bill
$384
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Cullman, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35057 | $344 | $344 | $344 | $344 | $344 |
Source: Ownwell