Star City, Arkansas Property Taxes
The median property tax rate in Star City, AR is 0.72%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Star City at $47,450, the typical annual property tax bill amounts to $317, significantly below the national median of $2,690. Property taxes in Star City 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 Star City'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 Star City or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Star City, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s STAR CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR CITY 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 Star City, Arkansas
Property taxes in Star City, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Star City is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Star City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Star City 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 Star City's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71667 zip code has both the highest and lowest median property tax rate of 0.72%. Understanding how these areas compare with Star City provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Star City Tax Rate
0.72%
Average Lincoln County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Star City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71667 | 0.13% | 0.36% | 0.72% | 0.92% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Star City, Arkansas
In STAR CITY, 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 Lincoln 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 STAR CITY, 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 STAR CITY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in the area is 71667, with a median tax bill of $317.
Average Star City Assessed Value
$47,450
Average Lincoln County Assessed Value
$43,150
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Star City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71667 | $12,550 | $25,150 | $47,450 | $92,912 | $156,565 |
Source: Ownwell
Property Tax Bills Across Star City, Arkansas
In Star City, 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 Star City is $47,450. The local property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, location within Lincoln County, and any applicable exemptions can influence the assessed value. Homeowners in Star City can expect varying property tax bills. For example, the 25th percentile tax bill is around $128, while those in the 75th percentile pay approximately $700. At the higher end, the 90th percentile tax bill reaches $1,205. The highest median tax bill recorded in the area is $317, which is significantly lower than the national median property tax rate of 0.99%. These tax bills impact homeowners by contributing to local services such as education, infrastructure, and emergency services, thereby enhancing the community’s overall quality of life.
Average Star City Tax Bill
$317
Average Lincoln County Tax Bill
$302
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Star City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71667 | $41 | $128 | $317 | $700 | $1,205 |
Source: Ownwell