Arkadelphia, Arkansas Property Taxes
The median property tax rate in Arkadelphia, AR is 0.87%, 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 $80,150 in Arkadelphia, the typical annual property tax bill amounts to $659, which is considerably less than the national median of $2,690. Property taxes in Arkadelphia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Arkadelphia'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 Arkadelphia 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
Arkadelphia, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$697
Ownwell’s Arkadelphia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arkadelphia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arkadelphia 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 Arkadelphia, Arkansas
Property taxes in Arkadelphia, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arkadelphia is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Arkadelphia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arkadelphia 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 Arkadelphia's effective property tax rate to other areas in Clark County and the national median. For comparison, the 71923 zip code has the highest median property tax rate of 0.87%, while the 71998 zip code has the lowest median tax rate of 0.86%. Understanding how these areas compare with Arkadelphia provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arkadelphia Tax Rate
0.87%
Average Clark County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arkadelphia, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71923 | 0.31% | 0.61% | 0.87% | 1.13% | 1.14% |
| 71998 | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Arkadelphia, Arkansas
In Arkadelphia, 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 Clark 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 Arkadelphia, 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. 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 Arkadelphia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Arkadelphia is $659 in the 71923 zip code, while the lowest is $545 in the 71998 zip code.
Average Arkadelphia Assessed Value
$80,150
Average Clark County Assessed Value
$58,450
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arkadelphia, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71923 | $14,010 | $39,675 | $80,150 | $134,825 | $202,860 |
| 71998 | $63,200 | $63,200 | $63,200 | $63,200 | $63,200 |
Source: Ownwell
Property Tax Bills Across Arkadelphia, Arkansas
In Arkadelphia, located in Clark County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the home's market value. For example, if the median home price in Arkadelphia is $80,150, the assessed value would be a fraction of this amount, depending on local regulations. Property tax rates in Arkadelphia are applied to this assessed value to determine the annual tax bill. Homeowners in the area experience varied tax bills, with the 25th percentile at $286 and the 75th percentile reaching $1,166. The highest median tax bill in the region is $659, found in the 71923 zip code, while the lowest is $545 in the 71998 zip code. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding these factors can help homeowners anticipate their annual expenses and plan accordingly.
Average Arkadelphia Tax Bill
$659
Average Clark County Tax Bill
$458
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Arkadelphia, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71923 | $102 | $286 | $659 | $1,166 | $1,843 |
| 71998 | $545 | $545 | $545 | $545 | $545 |
Source: Ownwell