Hindsville, Arkansas Property Taxes
The median property tax rate in Hindsville, AR is 0.62%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Hindsville, the typical annual property tax bill is $752, significantly less than the national median of $2,690. Property taxes in Hindsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hindsville'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 Hindsville or another part of Madison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hindsville, 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 Hindsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hindsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hindsville 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 Hindsville, Arkansas
Property taxes in Hindsville, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hindsville is 0.62%, lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Hindsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hindsville 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 Hindsville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72738 zip code has the highest median property tax rate of 0.62%, while the 72738 zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Hindsville provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hindsville Tax Rate
0.62%
Average Madison County Tax Rate
0.68%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hindsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72738 | 0.15% | 0.40% | 0.62% | 0.89% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Hindsville, Arkansas
In Hindsville, 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 Madison 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 Hindsville, 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 highest median tax bill in Hindsville is $752 in zip code 72738, while the lowest is also $752 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hindsville Assessed Value
$125,600
Average Madison County Assessed Value
$78,900
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hindsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72738 | $27,000 | $58,775 | $125,600 | $194,325 | $299,450 |
Source: Ownwell
Property Tax Bills Across Hindsville, Arkansas
In Hindsville, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and is typically a percentage of the property's market value. Homeowners in Hindsville, located in Madison County, AR, can expect varying tax bills depending on their property's value and the specific tax rates applied. For example, the median home price in Hindsville is $125,600. Property tax bills range significantly, with the 25th percentile at $279 and the 75th percentile at $1,369. At the 90th percentile, tax bills can reach up to $2,147. The highest and lowest median tax bills in the area are both $752, recorded in the 72738 zip code. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly affecting the quality of life for homeowners. The tax burden can vary, making it crucial for homeowners to understand how their property taxes are calculated and ensure they are assessed fairly.
Average Hindsville Tax Bill
$752
Average Madison County Tax Bill
$463
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Hindsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72738 | $67 | $279 | $752 | $1,369 | $2,147 |
Source: Ownwell