Oneonta, Alabama Property Taxes
The median property tax rate in Oneonta, AL is 0.29%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Oneonta at $166,120, the typical annual property tax bill is around $414, far below the national median of $2,690. Property taxes in Oneonta are calculated based on the assessed value, which typically falls below market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Oneonta's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Oneonta or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oneonta, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Oneonta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oneonta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oneonta 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 Oneonta, Alabama
Property taxes in Oneonta, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oneonta is 0.29%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Oneonta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oneonta 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 Oneonta'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 Shelby County, with a rate of 0.43%, while the lowest median tax rate is in Choctaw County at 0.17%. Understanding how these cities compare with Oneonta provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oneonta Tax Rate
0.29%
Average St. Clair County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oneonta, Alabama
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
35121 | 0.23% | 0.26% | 0.29% | 0.31% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Oneonta, Alabama
In Oneonta, 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 St. Clair County 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 Oneonta, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code with the highest median tax bill is 35121, with a median tax bill of $414. Being aware of these valuation processes in Oneonta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oneonta Assessed Value
$166,120
Average St. Clair County Assessed Value
$169,020
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oneonta, Alabama
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
35121 | $47,140 | $82,600 | $166,120 | $241,890 | $369,804 |
Source: Ownwell
Property Tax Bills Across Oneonta, Alabama
In Oneonta, located in St. Clair County, AL, property tax bills are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value, and the tax rate is applied to this assessed value to determine the tax bill. The median home price in Oneonta is $166,120, influencing the assessed values and subsequent tax bills. Factors such as property size, location, and market conditions play significant roles in determining the assessed value. For homeowners in Oneonta, the tax bill can vary widely. The 25th percentile tax bill is around $204, while the 75th percentile tax bill reaches $642. At the higher end, the 90th percentile tax bill can be as much as $1,030. Comparatively, the median property tax rate in Oneonta is lower than the national median rate of 0.99%. These property taxes are crucial for funding local services, including schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Oneonta Tax Bill
$414
Average St. Clair County Tax Bill
$648
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Oneonta, Alabama
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
35121 | $99 | $204 | $414 | $642 | $1,030 |
Source: Ownwell