Coy, Wilcox County, Alabama Property Taxes
Median Coy, AL effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Coy, AL home value: $74,340
Median annual Coy, AL tax bill: $230, $2,170 lower than the national median property tax bill of $2,400.
How are property taxes in Wilcox County calculated?
Property taxes in Coy, 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 Coy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Coy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Coy, Wilcox County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$270
$250
Property Tax Rates Across Coy, Wilcox County, Alabama
Local government entities are responsible for setting tax rates, and these can vary significantly within a state. This variation occurs because each county, like Wilcox County in Alabama, estimates its annual budget to provide public services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate for the area. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.
In Coy, located in Wilcox County, Alabama, the effective property tax rate is notably lower than the national median of 1.02%. This can be a significant factor for property owners considering tax implications when purchasing real estate. Comparing Coy's rate to other cities in Alabama and the national average can provide valuable insights for homeowners and potential buyers. By understanding these rates, property owners in Coy can better anticipate their annual property tax bills and make informed decisions about their investments.
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 Coy Tax Rate
0.36%
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 Wilcox County Tax Rate
0.36%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Coy, Wilcox County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36435 | 0.17% | 0.25% | 0.36% | 0.36% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Coy, Wilcox County, Alabama
When examining property taxes in Coy, 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 Wilcox 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 Wilcox 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 Coy. For example, the median home price in Coy is $74,340, with tax bills ranging significantly across the county. Zip code 36435 has the highest median home price at $74,340.
Property Tax Assessment Values Across Coy, Wilcox County, Alabama
Source: Ownwell
$74,925
$170,128
$265,330
Median Coy Market Value
$74,925
Median Wilcox County Market Value
$100,405
Median Alabama Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Coy, Wilcox County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36435 | $31,865 | $48,205 | $74,925 | $124,952 | $185,716 |
Source: Ownwell
Property Tax Bills Across Coy, Wilcox County, Alabama
In Coy, located in Wilcox County, Alabama, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Coy is $74,340, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $154, while at the 75th percentile, it rises to $390. At the 90th percentile, homeowners might pay around $573. These figures illustrate the range of property tax obligations homeowners can face. The highest and lowest median tax bills in the area are both $230, found in the 36435 zip code, highlighting the uniformity in certain parts of the region.
Homeowners in Coy can find their property tax burdens challenging, especially when compared to the national median property tax bill of $2,400. Ownwell provides vital assistance by identifying potential errors in assessments and ensuring homeowners receive applicable exemptions. By leveraging Ownwell's expertise, homeowners can potentially reduce their property tax bills, providing financial relief and peace of mind.
Median Coy Tax Bill
$238
Median Wilcox County Tax Bill
$342
Median Alabama Tax Bill
$813
Median United States Tax Bill
$2,400
Property Tax Bills Across Coy, Wilcox County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36435 | $78 | $145 | $238 | $381 | $559 |
Source: Ownwell