Equality, Coosa County, Alabama Property Taxes
Median Equality, AL effective property tax rate: 0.26%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%. Median Equality, AL home value: $174,800. Median annual Equality, AL tax bill: $521, $1,879 lower than the national median property tax bill of $2,400.
How are property taxes in Coosa County calculated?
Property taxes in Equality, 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 Equality’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Equality, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Equality, Coosa County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.26%
Estimate Property Tax Bill
$454
$422
Property Tax Rates Across Equality, Coosa County, Alabama
Local government entities determine tax rates, leading to significant variation within a state. This is because each county calculates its necessary budget to fund services and divides this by the total value of all taxable property in its area, resulting in the property tax rate. Although votes and laws influence these rates and budgets, this is essentially the yearly process.
In Equality, located in Coosa County, property tax rates offer an interesting comparison to other cities in Alabama and nationwide. The effective property tax rate in Equality is 0.26%, which is significantly lower than the national median of 1.02%. This makes property ownership in Equality more affordable compared to many other regions across the country. While the national median property tax bill stands at $2400, residents in Equality benefit from considerably lower property tax obligations. This affordability can be an attractive factor for potential homeowners looking for budget-friendly options in Alabama. Understanding these rates can provide valuable insights for those interested in the real estate market in Equality and the broader Coosa County area.
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 Equality Tax Rate
0.26%
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 Coosa County Tax Rate
0.27%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Equality, Coosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36026 | 0.20% | 0.23% | 0.26% | 0.30% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Equality, Coosa County, Alabama
When examining property taxes in Equality, 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 Coosa 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 Coosa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Equality.
For example, the median home price in Equality is $174,800, with tax bills ranging significantly across the county. Zip code 36026 has the highest median home price at $174,800.
Property Tax Assessment Values Across Equality, Coosa County, Alabama
Source: Ownwell
$57,950
$116,375
$174,800
Median Equality Market Value
$174,800
Median Coosa County Market Value
$86,950
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Equality, Coosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36026 | $41,020 | $70,300 | $174,800 | $604,100 | $725,660 |
Source: Ownwell
Property Tax Bills Across Equality, Coosa County, Alabama
In Equality, located in Coosa County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area experience a median property tax bill of $521, significantly lower than the national median of $2,400. The assessed value is then multiplied by the local tax rate to determine the final tax bill. Factors such as property location, market trends, and local government budgets influence these rates. Homeowners with properties in the 25th percentile pay around $213, while those in the 75th percentile face bills closer to $1,637.
Given these variations, ensuring an accurate assessment is crucial for homeowners to avoid overpaying. Ownwell assists homeowners by identifying potential discrepancies in property assessments and filing appeals on their behalf. By leveraging expert knowledge and local market insights, Ownwell helps clients secure fairer property tax bills, potentially saving them hundreds of dollars annually. This service is invaluable in maintaining financial efficiency and ensuring homeowners are not burdened with excessive tax payments.
Median Equality Tax Bill
$521
Median Coosa County Tax Bill
$282
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Equality, Coosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36026 | $125 | $213 | $521 | $1,637 | $2,017 |
Source: Ownwell
