Coatopa, Sumter County, Alabama Property Taxes
Median COATOPA, AL effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median COATOPA, AL home value: $41,600
Median annual COATOPA, AL tax bill: $213, $2,187 lower than the national median property tax bill of $2,400.
How are property taxes in Sumter County calculated?
Property taxes in COATOPA, 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 COATOPA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in COATOPA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Coatopa, Sumter County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.37%
Estimate Property Tax Bill
$154
$143
Property Tax Rates Across Coatopa, Sumter County, Alabama
Local government entities in Coatopa, located in Sumter County, Alabama, determine property tax rates, which can vary significantly across the state. Each year, the county estimates the budget necessary to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation yields the property tax rate. While the process involves votes and legal frameworks, this is the core method for setting annual tax rates.
Coatopa's effective property tax rate can be compared to other cities in Alabama, as well as to the state and national medians. Alabama's median property tax rate stands at 0.37%, significantly lower than the national median of 1.02%. This means homeowners in Coatopa typically benefit from lower property tax bills compared to many other parts of the country. Understanding these differences can help property owners make informed decisions about appealing their property assessments or seeking exemptions. By staying informed, residents can better manage their property tax obligations and potentially reduce their annual expenses.
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 Coatopa Tax Rate
0.37%
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 Sumter County Tax Rate
0.37%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Coatopa, Sumter County, Alabama
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
35470 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Coatopa, Sumter County, Alabama
When examining property taxes in Coatopa, 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 Sumter 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 Sumter 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 Coatopa. For example, the median home price in Coatopa is $41,600, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Coatopa, Sumter County, Alabama
Source: Ownwell
$16,500
$52,350
$88,200
Median Coatopa Market Value
$41,600
Median Sumter County Market Value
$62,300
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Coatopa, Sumter County, Alabama
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
35470 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Coatopa, Sumter County, Alabama
In Coatopa, located in Sumter County, Alabama, property tax bills are determined based on the assessed value of a home, which is a fraction of its market value. With a median home price of $41,600, property taxes are calculated by applying the local tax rate to this assessed value. Factors such as property size, location, and improvements can influence the assessed value, ultimately affecting the tax bill. While the national median property tax bill stands at $2,400, homeowners in Coatopa experience significantly lower bills, with amounts ranging from $164 at the 25th percentile to $373 at the 90th percentile.
Homeowners face the challenge of ensuring their property is not over-assessed, leading to higher tax bills. This is where Ownwell steps in, providing expert property tax appeal and exemption services. Ownwell's team of professionals analyzes property assessments, identifies discrepancies, and works to reduce the tax burden for homeowners. By leveraging local expertise, Ownwell helps clients achieve substantial savings, ensuring they pay only their fair share of property taxes.
Median Coatopa Tax Bill
$213
Median Sumter County Tax Bill
$245
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Coatopa, Sumter County, Alabama
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
35470 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell