Curtis, Arkansas Property Taxes
The median property tax rate in Curtis, AR is 0.74%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Curtis at $57,650, the typical annual property tax bill is $477, significantly less than the national median of $2,690. Property taxes in Curtis 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 Curtis'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 Curtis 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
Curtis, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$427
Ownwell’s Curtis Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential buyer looking to estimate their annual property taxes in Curtis. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Curtis to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities and plan accordingly. For those interested in more granular data, neighborhood-level trends are available further down the page. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring a precise calculation for property tax purposes.
Property Tax Rates Across Curtis, Arkansas
Property taxes in Curtis, Arkansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Curtis is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Curtis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Curtis 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. Understanding how Curtis compares with other areas 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 Curtis Tax Rate
0.74%
Average Clark County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Curtis, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71728 | 0.51% | 0.60% | 0.74% | 0.89% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Curtis, Arkansas
In Curtis, 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 local 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 Curtis, 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 Curtis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Curtis is $477.00 in zip code 71728, which also has the lowest median tax bill of $477.00.
Average Curtis Assessed Value
$57,650
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 Curtis, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71728 | $19,930 | $34,075 | $57,650 | $68,675 | $75,290 |
Source: Ownwell
Property Tax Bills Across Curtis, Arkansas
Property tax bills in Curtis, located in Clark County, Arkansas, are calculated based on the assessed value of a property, which is a percentage of its market value. In Curtis, the median home price is $57,650. The county uses this assessed value to determine the tax bill, considering various factors such as property type, exemptions, and local tax rates. The tax bill can vary significantly; for instance, the 25th percentile tax bill is $418, while the 75th percentile tax bill is $537. The highest median tax bill in the area is $477, which is consistent across different zip codes within the county. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Curtis might find their tax bills relatively manageable compared to the national median property tax rate of 0.99%. Understanding how these taxes are calculated helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Curtis Tax Bill
$477
Average Clark County Tax Bill
$458
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Curtis, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71728 | $382 | $418 | $477 | $537 | $573 |
Source: Ownwell