Collinsville, Cherokee County, Alabama Property Taxes
Median Collinsville, AL effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Collinsville, AL home value: $71,917
Median annual Collinsville, AL tax bill: $302, $2,098 lower than the national median property tax bill of $2,400.
How are property taxes in Cherokee calculated?
Property taxes in Collinsville, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Collinsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Collinsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Collinsville, Cherokee County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.4%
Estimate Property Tax Bill
$288
$267
Property Tax Rates Across Collinsville, Cherokee County, Alabama
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Collinsville, located in Cherokee County, Alabama, property tax rates reflect this process. The effective property tax rate in Collinsville is significantly lower than both the Alabama median and the national median. This provides an attractive advantage for property owners in the area. Compared to the national median property tax rate of 1.02%, Collinsville's rate offers substantial savings.
Property owners in Collinsville benefit from the lower tax rate, which enhances affordability and can contribute to an increase in property investment and development in the region. The financial relief offered by these lower rates can make a significant difference for homeowners and investors alike, fostering a more favorable economic environment in the community.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Collinsville Tax Rate
0.40%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cherokee County Tax Rate
0.42%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Collinsville, Cherokee County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35961 | 0.23% | 0.33% | 0.40% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Collinsville, Cherokee County, Alabama
When examining property taxes in Collinsville, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cherokee County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Cherokee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Collinsville. For example, the median home price in Collinsville is $71,917, with tax bills ranging significantly across the county. Zip code 35961 has the highest median home price at $71,917.
Property Tax Assessment Values Across Collinsville, Cherokee County, Alabama
Source: Ownwell
$71,917
$112,209
$152,500
Median Collinsville Market Value
$71,917
Median Cherokee County Market Value
$121,000
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Collinsville, Cherokee County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35961 | $17,786 | $29,200 | $71,917 | $132,777 | $233,120 |
Source: Ownwell
Property Tax Bills Across Collinsville, Cherokee County, Alabama
In Collinsville, Cherokee County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. Homeowners in Collinsville face a median property tax bill of $302, significantly lower than the national median of $2,400. This lower tax bill can be attributed to the region's relatively low median home price of $71,917. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners, understanding these factors is crucial as they directly affect their annual financial obligations.
Ownwell offers a valuable service by helping homeowners navigate the complexities of property tax assessments. By analyzing individual property data and identifying potential discrepancies, Ownwell can assist in appealing for a lower assessed value, potentially reducing the tax burden. This service can lead to substantial savings, ensuring homeowners are not overpaying on their property taxes and are only paying their fair share.
Median Collinsville Tax Bill
$302
Median Cherokee County Tax Bill
$617
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Collinsville, Cherokee County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35961 | $54 | $135 | $302 | $625 | $1,021 |
Source: Ownwell