Bradley County Property Taxes
The median property tax rate in Bradley County is 1.00%, slightly higher than the national median of 0.99% and significantly above the Arkansas state median of 0.84%. With the median home value in Bradley County, the typical annual property tax bill amounts to $393, which is considerably lower than the national median of $2,690. Property taxes in Bradley County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Bradley County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Warren or another part of Bradley County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bradley County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$398
Ownwell’s Bradley County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bradley County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bradley County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Bradley County, Arkansas
Property taxes in Bradley County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bradley County is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Bradley County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bradley County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Bradley County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of Hermitage has one of the higher property tax rates in Arkansas at 1.02%, while the city of New Edinburg boasts one of the lowest at 0.92%. Analyzing how Bradley County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bradley County Tax Rate
1.00%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Bradley County, Arkansas
In Bradley County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Bradley County Appraisal District. The assessed value, however, 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. Assessment notices in Bradley County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Bradley County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Warren has the highest median tax bill at $426, while Jersey has the lowest at $285.
Average Bradley County Assessed Value
$39,800
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bradley County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Banks | $2,760 | $9,850 | $29,250 | $56,595 | $91,150 |
| Hermitage | $2,715 | $10,400 | $31,750 | $61,325 | $104,710 |
| Jersey | $2,950 | $8,950 | $26,350 | $57,565 | $96,580 |
| New Edinburg | $15,370 | $35,730 | $45,150 | $53,900 | $101,160 |
| Warren | $5,300 | $20,000 | $43,775 | $77,350 | $133,250 |
| Wilmar | $6,360 | $17,038 | $41,500 | $75,512 | $115,755 |
Source: Ownwell
Property Tax Bills Across Bradley County, Arkansas
In Bradley County, AR, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. The median home price in the county is $39,800. Tax rates are applied to this assessed value to determine the annual tax bill. Various factors such as local tax rates and specific property characteristics influence the final amount. For instance, the tax bill at the 25th percentile is $185, while at the 75th percentile, it reaches $679, and at the 90th percentile, it climbs to $1,092. Homeowners in Warren face the highest median tax bill at $426, whereas those in Jersey experience the lowest at $285. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Bradley County offers relatively affordable property tax rates, easing the financial burden on homeowners.
Average Bradley County Tax Bill
$393
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690