Mountain Pine, Arkansas Property Taxes
The median property tax rate in Mountain Pine, AR is 0.69%, notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Mountain Pine, the typical annual property tax bill amounts to $241, significantly below the national median of $2,690. Property taxes in Mountain Pine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mountain Pine'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 Mountain Pine or another part of Garland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mountain Pine, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$293
-$3,071
Ownwell’s Mountain Pine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountain Pine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain Pine 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 Mountain Pine, Arkansas
Property taxes in Mountain Pine, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain Pine is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Mountain Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain Pine 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 Mountain Pine's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71956 has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Mountain Pine provides valuable insights into the varying tax landscape across Garland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mountain Pine Tax Rate
0.69%
Average Garland County Tax Rate
0.59%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountain Pine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71956 | 0.13% | 0.42% | 0.69% | 0.87% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Mountain Pine, Arkansas
In Mountain Pine, 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 Garland County Assessor's Office 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 Mountain Pine, 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 Mountain Pine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mountain Pine is $42,475, with tax bills ranging from $111 at the 25th percentile to $1,760 at the 90th percentile. The highest and lowest median tax bill is $241 in zip code 71956.
Average Mountain Pine Assessed Value
$42,475
Average Garland County Assessed Value
$162,300
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mountain Pine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71956 | $10,150 | $19,538 | $42,475 | $89,750 | $208,605 |
Source: Ownwell
Property Tax Bills Across Mountain Pine, Arkansas
In Mountain Pine, located in Garland County, AR, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is then subjected to the local property tax rate to calculate the annual tax bill. For example, the median home price in Mountain Pine is $42,475. Homeowners in this area can expect their tax bills to vary significantly. The 25th percentile tax bill is around $111, while the 75th percentile tax bill reaches $678. For those in the 90th percentile, the tax bill can be as high as $1,760. The highest and lowest median tax bills in the area both stand at $241, which is considerably below the national median property tax rate of 0.99%. These property tax rates can impact homeowners by influencing their overall cost of living and potentially affecting home affordability. Lower tax bills can be a financial relief, while higher bills may require more careful budgeting.
Average Mountain Pine Tax Bill
$241
Average Garland County Tax Bill
$863
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountain Pine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71956 | $48 | $111 | $241 | $678 | $1,760 |
Source: Ownwell