Rosie, Arkansas Property Taxes
The median property tax rate in Rosie, AR is 0.72%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $74,850, the typical annual property tax bill in Rosie amounts to $412, significantly below the national median of $2,690. Property taxes in Rosie are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Rosie’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 Rosie or another part of Independence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rosie, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$539
Ownwell’s ROSIE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROSIE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROSIE 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 Rosie, Arkansas
Property taxes in ROSIE, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ROSIE is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within ROSIE set these rates annually, and they can vary significantly across different neighborhoods. Each year, ROSIE 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 ROSIE's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72571 has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with ROSIE provides valuable insights into the varying tax landscape across Independence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosie Tax Rate
0.72%
Average Independence County Tax Rate
0.72%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72571 | 0.15% | 0.33% | 0.72% | 0.94% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Rosie, Arkansas
In ROSIE, 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 Independence 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 ROSIE, 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 ROSIE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 72571 has both the highest and lowest median tax bills at $412, reflecting a unique uniformity in the area.
Average Rosie Assessed Value
$74,850
Average Independence County Assessed Value
$66,400
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72571 | $22,980 | $45,300 | $74,850 | $147,100 | $247,700 |
Source: Ownwell
Property Tax Bills Across Rosie, Arkansas
In Rosie, Independence County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Rosie stands at $74,850. Property taxes are determined by multiplying the assessed value by the local tax rate. Factors such as property location, improvements, and exemptions can influence the assessed value. For homeowners in Rosie, the tax burden varies significantly. The 25th percentile tax bill is around $127, while those in the 75th percentile pay approximately $1,144. At the 90th percentile, homeowners face tax bills as high as $2,134. The highest median tax bill recorded in the area is $412, indicating a moderate tax environment compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances better. Accurate assessment and timely appeals can ensure fair property taxation, ultimately affecting the affordability and desirability of living in Rosie.
Average Rosie Tax Bill
$412
Average Independence County Tax Bill
$426
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72571 | $65 | $127 | $412 | $1,144 | $2,134 |
Source: Ownwell