Rogers, Arkansas Property Taxes
The median property tax rate in Rogers, AR is 0.94%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $208,875 in Rogers, the typical annual property tax bill amounts to $1,887, which is significantly lower than the national median of $2,690. Property taxes in Rogers are calculated based on the tax assessed value, often less than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Rogers' property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in downtown Rogers or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rogers, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,963
Ownwell’s Rogers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rogers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rogers 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 Rogers, Arkansas
Property taxes in Rogers, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rogers is 0.94%, which is just below the U.S. national median of 0.99%. Local government entities within Rogers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rogers 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 Rogers' effective property tax rate to other areas in Benton County and the national median. For comparison, the zip code 72758 has the highest median property tax rate of 1.03%, while the zip code 72745 has the lowest median tax rate of 0.87%. Understanding how these cities compare with Rogers provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rogers Tax Rate
0.94%
Average Benton County Tax Rate
1.00%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rogers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72732 | 0.65% | 0.90% | 0.96% | 0.96% | 0.96% |
| 72738 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| 72745 | 0.65% | 0.74% | 0.87% | 0.96% | 0.96% |
| 72756 | 0.62% | 0.75% | 0.87% | 0.96% | 1.06% |
| 72758 | 0.75% | 0.89% | 1.03% | 1.06% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Rogers, Arkansas
In Rogers, Arkansas, 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 Benton County Assessor 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 Rogers, 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. The median home price in Rogers is $208,875, with property tax bills ranging significantly. For instance, the highest median tax bill in the area is $2,433 in the 72758 zip code, while the lowest is just $128 in the 72738 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Rogers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rogers Assessed Value
$208,875
Average Benton County Assessed Value
$211,150
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rogers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72732 | $2,250 | $8,705 | $89,882 | $325,675 | $490,145 |
| 72738 | $9,870 | $11,175 | $13,350 | $150,375 | $232,590 |
| 72745 | $15,870 | $30,300 | $33,900 | $205,300 | $224,950 |
| 72756 | $79,950 | $129,088 | $183,700 | $261,500 | $392,545 |
| 72758 | $143,800 | $179,575 | $251,450 | $366,500 | $478,590 |
Source: Ownwell
Property Tax Bills Across Rogers, Arkansas
In Rogers, located in Benton County, AR, property tax bills are calculated based on the assessed value of the property. This value is typically a percentage of the market value, which is determined by the county assessor. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners, the median home price in Rogers is $208,875. The property tax rate applied to this assessed value determines the final tax bill. In Rogers, tax bills can vary significantly; for instance, the 25th percentile tax bill is around $1,265, while the 75th percentile reaches $3,050. At the 90th percentile, homeowners might see tax bills as high as $4,469. Comparatively, the highest median tax bill in the area is $2,433 in the 72758 zip code, while the lowest median tax bill is just $128 in the 72738 zip code. These variations highlight the impact of property location and value on tax obligations, influencing how much homeowners need to budget annually.
Average Rogers Tax Bill
$1,887
Average Benton County Tax Bill
$2,090
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Rogers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72732 | $25 | $129 | $880 | $2,806 | $4,379 |
| 72738 | $95 | $108 | $128 | $1,447 | $2,238 |
| 72745 | $108 | $179 | $326 | $1,512 | $1,846 |
| 72756 | $575 | $1,031 | $1,535 | $2,288 | $3,371 |
| 72758 | $1,184 | $1,624 | $2,433 | $3,833 | $5,180 |
Source: Ownwell