Wiederkehr Village, Arkansas Property Taxes
The median property tax rate in Wiederkehr Village, AR is 1.06%, slightly higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Wiederkehr Village at $58,175, the typical annual property tax bill amounts to $615, which is significantly lower than the national median of $2,690. Property taxes in Wiederkehr Village 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 Wiederkehr Village'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 Wiederkehr Village or another part of Franklin County, grasping the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Wiederkehr Village, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$617
Ownwell’s Wiederkehr Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wiederkehr Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wiederkehr Village 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 Wiederkehr Village, Arkansas
Property taxes in Wiederkehr Village, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wiederkehr Village is 1.06%, significantly higher than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Wiederkehr Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wiederkehr Village 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 Wiederkehr Village's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72821 has the highest median property tax rate of 1.06%, while the zip code 72821 also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Wiederkehr Village provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wiederkehr Village Tax Rate
1.06%
Average Franklin County Tax Rate
0.67%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wiederkehr Village, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72821 | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Wiederkehr Village, Arkansas
In Wiederkehr Village, 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 Franklin 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 Wiederkehr Village, 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 Wiederkehr Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 72821, with a value of $615.
Property Tax Assessment Values Across Wiederkehr Village, Arkansas
Source: Ownwell
$54,400
$111,450
$168,500
Average Wiederkehr Village Assessed Value
$58,175
Average Franklin County Assessed Value
$75,300
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wiederkehr Village, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72821 | $34,655 | $40,212 | $58,175 | $81,988 | $98,075 |
Source: Ownwell
Property Tax Bills Across Wiederkehr Village, Arkansas
In Wiederkehr Village, located in Franklin County, AR, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in this area is $58,175. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $425 and the 75th percentile at $867. For those at the higher end of the spectrum, the 90th percentile tax bill reaches $1,038. These tax bills are influenced by multiple factors, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in Wiederkehr Village offer a relatively affordable option for homeowners. Understanding how these factors interplay helps homeowners anticipate their tax obligations and budget accordingly. With the highest and lowest median tax bill both recorded at $615 in the 72821 zip code, residents in Wiederkehr Village experience a degree of predictability in their property tax expenses.
Average Wiederkehr Village Tax Bill
$615
Average Franklin County Tax Bill
$476
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Wiederkehr Village, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72821 | $367 | $425 | $615 | $867 | $1,038 |
Source: Ownwell