Weiner, Arkansas Property Taxes
The median property tax rate in Weiner, AR is 0.93%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Weiner at $113,718, the typical annual property tax bill is about $965, which is significantly below the national median of $2,690. Property taxes in Weiner are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weiner'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 Weiner or another part of Craighead County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Weiner, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,058
Ownwell’s Weiner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weiner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weiner 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 Weiner, Arkansas
Property taxes in Weiner, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weiner is 0.58%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Weiner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weiner 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 Weiner's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72479 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with Weiner provides valuable insights into the varying tax landscape across Craighead County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weiner Tax Rate
0.93%
Average Craighead County Tax Rate
0.83%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weiner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72479 | 0.59% | 0.76% | 0.93% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Weiner, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Weiner, Arkansas. 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 Craighead 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 Weiner, 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 Weiner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Weiner is $965.00 in the 72479 zip code, which is also the lowest median tax bill, reflecting the uniformity in property tax assessments in the area.
Average Weiner Assessed Value
$113,718
Average Craighead County Assessed Value
$151,595
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weiner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72479 | $24,470 | $49,090 | $113,718 | $160,851 | $377,287 |
Source: Ownwell
Property Tax Bills Across Weiner, Arkansas
Property tax bills in Weiner, Craighead County, AR, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Weiner can expect a median tax bill of $965, which is significantly lower than the national median property tax rate of 0.99%. Factors such as property size, location, and any improvements made to the property are considered when determining the assessed value. For example, if a property in Weiner has a market value of $113,718, the tax bill can vary significantly depending on the specific assessment and exemptions applied. The tax bill for the 25th percentile is around $351, while at the 75th percentile, it can go up to $1,531. At the 90th percentile, homeowners might see a tax bill as high as $3,746. These property taxes directly impact homeowners' annual budgets, influencing decisions on property investments and improvements.
Average Weiner Tax Bill
$965
Average Craighead County Tax Bill
$1,210
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Weiner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72479 | $201 | $351 | $965 | $1,531 | $3,746 |
Source: Ownwell