Chatom, Washington County, Alabama Property Taxes
Median Chatom, 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 Chatom, AL home value: $97,600
Median annual Chatom, AL tax bill: $281, $2,119 lower than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Chatom, 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 Chatom’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chatom, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chatom, Washington County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.3%
Estimate Property Tax Bill
$293
$272
Property Tax Rates Across Chatom, Washington County, Alabama
Local government entities determine property tax rates, which can vary significantly within a state. Each county estimates its budget needs to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This process establishes the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Chatom, located in Washington County, Alabama, the effective property tax rate is notably lower than the national median of 1.02%. This makes Chatom an appealing option for property owners seeking lower tax burdens. The median property tax rate in Alabama is also below the national average, reflecting the state's generally favorable tax environment. Comparing Chatom's rate to other cities in Alabama can provide valuable insights for potential property buyers and current homeowners. Understanding these local rates is crucial for financial planning and can significantly impact long-term property 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 Chatom 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 Washington County Tax Rate
0.30%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chatom, Washington County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36518 | 0.20% | 0.25% | 0.30% | 0.34% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Chatom, Washington County, Alabama
When examining property taxes in Chatom, 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 Washington 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 Washington 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 Chatom. For example, the median home price in Chatom is $97,600, with tax bills ranging significantly across the county. Zip code 36518 has the highest median home price at $97,600.
Property Tax Assessment Values Across Chatom, Washington County, Alabama
Source: Ownwell
$54,000
$75,800
$97,600
Median Chatom Market Value
$97,600
Median Washington County Market Value
$82,400
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chatom, Washington County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36518 | $28,680 | $49,000 | $97,600 | $155,475 | $226,310 |
Source: Ownwell
Property Tax Bills Across Chatom, Washington County, Alabama
Median Chatom Tax Bill
$281
Median Washington County Tax Bill
$215
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Chatom, Washington County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36518 | $84 | $147 | $281 | $452 | $663 |
Source: Ownwell