Warren, Arkansas Property Taxes
The median property tax rate in Warren, Arkansas is 0.91%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Warren at $41,350, the typical annual property tax bill is $334, significantly less than the national median of $2,690. Property taxes in Warren are calculated based on the tax assessed value, which often falls below 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 substantial 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
0.91%
Estimate Property Tax Bill
$376
Ownwell’s Warren Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warren with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warren 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 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 0.91%, which is 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 zip code 71671 has both the highest and lowest median property tax rate of 0.91% within the region. Understanding how these cities compare with Warren provides valuable insights into the varying tax landscape across Drew County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warren Tax Rate
0.91%
Average Drew County Tax Rate
0.81%
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 | 0.29% | 0.37% | 0.91% | 0.91% | 0.91% |
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 Drew 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the median home price in Warren is $41,350, with tax bills ranging from $251 at the 25th percentile to $597 at the 90th percentile. The zip code 71671 has both the highest and lowest median tax bill at $334. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warren Assessed Value
$41,350
Average Drew County Assessed Value
$62,550
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 | $8,320 | $27,650 | $41,350 | $74,050 | $86,950 |
Source: Ownwell
Property Tax Bills Across Warren, Arkansas
In Warren, AR, property tax bills are calculated based on the assessed value of your home, which is determined by the Drew County Assessor's office. The assessed value is typically a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate your annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Warren is $41,350, and the median property tax bill is $334, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in Warren can expect their tax bills to range from $251 at the 25th percentile to $597 at the 90th percentile. These property taxes fund essential community services such as public schools, infrastructure, and emergency services, directly impacting the quality of life in Warren. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Warren Tax Bill
$334
Average Drew County Tax Bill
$445
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 | $211 | $251 | $334 | $375 | $597 |
Source: Ownwell