Warren, Arkansas Property Taxes
The median property tax rate in Warren, Arkansas is 0.94%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $43,775 in Warren, the typical annual property tax bill amounts to $426, significantly below the national median of $2,690. Property taxes in Warren are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Warren's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Warren 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
Warren, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$411
Ownwell’s Warren Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Warren. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Warren to provide an accurate estimate of your property tax bill. This powerful tool helps you gain insight into potential tax liabilities, ensuring you can plan your finances effectively. For those interested in more granular data, scroll down to access detailed neighborhood-level trends. Your property’s assessed value, determined by Bradley County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Warren, Arkansas
Property taxes in Warren, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warren is 0.94%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Warren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warren 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 Warren's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71671 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Warren provides valuable insights into the varying tax landscape across Bradley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warren Tax Rate
0.94%
Average Bradley County Tax Rate
1.00%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warren, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71671 | 0.74% | 0.90% | 0.94% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Warren, Arkansas
In Warren, 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 Bradley County Appraisal District 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 Warren, 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. For instance, the zip code 71671 has the highest and lowest median tax bill at $426. 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 Warren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warren Assessed Value
$43,775
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 Warren, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71671 | $5,300 | $20,000 | $43,775 | $77,350 | $133,250 |
Source: Ownwell
Property Tax Bills Across Warren, Arkansas
In Warren, Bradley County, AR, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value. The median home price in Warren is $43,775. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as the property's location, improvements, and market conditions can influence the assessed value. Homeowners in Warren can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $216, while those in the 75th percentile pay around $714. At the higher end, the 90th percentile tax bill reaches $1,138. The highest median tax bill recorded in the area is $426, with the same figure also being the lowest, indicating a uniformity in median tax bills within the zip code 71671. Compared to the national median property tax rate of 0.99%, Warren's property taxes can be considered relatively moderate, offering a manageable financial commitment for homeowners.
Average Warren Tax Bill
$426
Average Bradley County Tax Bill
$393
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Warren, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71671 | $92 | $216 | $426 | $714 | $1,138 |
Source: Ownwell