Goodwater, Coosa County, Alabama Property Taxes
Median Goodwater, AL effective property tax rate: 0.30%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Goodwater, AL home value: $57,950
Median annual Goodwater, AL tax bill: $201, $2,199 lower than the national median property tax bill of $2,400.
How are property taxes in Coosa County calculated?
Property taxes in Goodwater, 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 Goodwater’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Goodwater, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Goodwater, Coosa County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.3%
Estimate Property Tax Bill
$174
$161
Property Tax Rates Across Goodwater, Coosa County, Alabama
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county calculates its necessary budget for services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the yearly process.
In GOODWATER, located in Coosa County, the effective property tax rate is notably lower than both the state and national medians. With a median property tax rate of 0.30%, Coosa County is well below the national median of 1.02%. This means that property owners in GOODWATER enjoy some of the lowest property tax rates in the state and the country. Comparatively, the state of Alabama also has a lower median property tax rate than the national average, making it an attractive option for property owners looking for affordability. This can significantly impact the overall cost of homeownership, offering financial relief and making GOODWATER an appealing place to settle.
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 Goodwater Tax Rate
0.30%
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 Goodwater, Coosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35072 | 0.20% | 0.24% | 0.30% | 0.58% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Goodwater, Coosa County, Alabama
When examining property taxes in Goodwater, 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 April. 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 Goodwater.
For example, the median home price in Goodwater is $57,950, with tax bills ranging significantly across the county. Zip code 35072 has the highest median home price at $57,950.
Property Tax Assessment Values Across Goodwater, Coosa County, Alabama
Source: Ownwell
$57,950
$116,375
$174,800
Median Goodwater Market Value
$57,950
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 Goodwater, Coosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35072 | $18,770 | $32,500 | $57,950 | $98,675 | $173,950 |
Source: Ownwell
Property Tax Bills Across Goodwater, Coosa County, Alabama
In Goodwater, located in Coosa County, Alabama, property tax bills are calculated based on the assessed value of a property, which is a percentage of the property's market value. The median home price in Goodwater is $57,950, and the property tax bill can vary significantly. The 25th percentile tax bill is $118, while the 75th percentile reaches $335, and the 90th percentile can be as high as $527. Compared to the national median property tax bill of $2,400, homeowners in Goodwater generally pay less, but the variation in tax bills can still pose a significant financial burden for some. Factors influencing the tax bill include property size, location, and any applicable exemptions.
Ownwell can assist homeowners in Goodwater by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying potential errors or overlooked exemptions, Ownwell helps ensure homeowners are not overpaying. This service can result in substantial savings, reducing the financial strain of property taxes and providing peace of mind.
Median Goodwater Tax Bill
$201
Median Coosa County Tax Bill
$282
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Goodwater, Coosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35072 | $71 | $118 | $201 | $335 | $527 |
Source: Ownwell