Garland City, Arkansas Property Taxes
The median property tax rate in Garland City, AR is 0.83%, slightly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Garland City at $13,100, the typical annual property tax bill is $85, significantly below the national median of $2,690. Property taxes in Garland City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Garland City'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 Garland City or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garland 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 Garland City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garland City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garland 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 Garland City, Arkansas
Property taxes in Garland City, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garland City is 0.52%, higher than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Garland City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garland 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 Garland City's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71839 zip code has the highest median property tax rate of 0.83%, while the same 71839 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Garland City provides valuable insights into the varying tax landscape across Miller County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garland City Tax Rate
0.83%
Average Miller County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garland City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71839 | 0.45% | 0.79% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Garland City, Arkansas
In Garland 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 local 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 Garland 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 Garland City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the tax bill for the 25th percentile is $31, while the 90th percentile sees a tax bill of $316.
Average Garland City Assessed Value
$13,100
Average Miller County Assessed Value
$80,350
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garland City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71839 | $1,120 | $5,800 | $13,100 | $26,850 | $51,340 |
Source: Ownwell
Property Tax Bills Across Garland City, Arkansas
In Garland City, located in Miller County, AR, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the market value of the property. The tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $13,100, property tax bills can vary significantly. Homeowners at the 25th percentile can expect to pay around $31, while those at the 75th percentile might pay approximately $173. At the 90th percentile, the tax bill can reach up to $316. These figures highlight the variability in tax bills, which depend on factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Garland City offers relatively low property taxes, making it an attractive location for homeowners looking to minimize their annual expenses.
Average Garland City Tax Bill
$85
Average Miller County Tax Bill
$630
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Garland City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71839 | $8 | $31 | $85 | $173 | $316 |
Source: Ownwell