Toxey, Choctaw County, Alabama Property Taxes
Median Toxey, Alabama effective property tax rate: 0.25%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Toxey, Alabama home value: $48,710
Median annual Toxey, Alabama tax bill: $116, $2,284 lower than the national median property tax bill of $2,400.
How are property taxes in Choctaw County calculated?
Property taxes in Toxey, Alabama 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 Toxey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toxey, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Toxey, Choctaw County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.25%
Estimate Property Tax Bill
$122
$113
Property Tax Rates Across Toxey, Choctaw County, Alabama
Local government entities determine property tax rates, and these can vary significantly within a state. This variation arises because each year, counties estimate their necessary budget to fund services and divide this by the total assessed value of all taxable property within their jurisdiction. This calculation yields the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the core process that occurs annually.
In Toxey, located in Choctaw County, Alabama, the effective property tax rate differs from other cities within the state. Alabama's median property tax rate is notably lower than the national median rate of 1.02%. This means homeowners in Toxey may experience a different financial impact compared to other regions across the country. Understanding these differences can be crucial for property owners looking to optimize their tax liabilities. By comparing Toxey’s effective property tax rate to other cities in Alabama and the national median, property owners can gain insights into their tax obligations and explore potential savings.
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 Toxey Tax Rate
0.25%
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 Choctaw County Tax Rate
0.29%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Toxey, Choctaw County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36921 | 0.14% | 0.19% | 0.25% | 0.32% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Toxey, Choctaw County, Alabama
When examining property taxes in Toxey, 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 Choctaw 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 Choctaw 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 Toxey. For example, the median home price in Toxey is $48,710, with tax bills ranging significantly across the county. Zip code 36921 has the highest median home price at $48,710.
Property Tax Assessment Values Across Toxey, Choctaw County, Alabama
Source: Ownwell
$32,110
$57,455
$82,800
Median Toxey Market Value
$48,710
Median Choctaw County Market Value
$48,430
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Toxey, Choctaw County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36921 | $14,970 | $25,902 | $48,710 | $90,092 | $127,515 |
Source: Ownwell
Property Tax Bills Across Toxey, Choctaw County, Alabama
Median Toxey Tax Bill
$116
Median Choctaw County Tax Bill
$120
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Toxey, Choctaw County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36921 | $33 | $53 | $116 | $227 | $381 |
Source: Ownwell