Bluff City, Arkansas Property Taxes
The median property tax rate in Bluff City, Arkansas is 0.63%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $24,100 in Bluff City, the typical annual property tax bill amounts to $126, significantly below the national median of $2,690. Property taxes in Bluff City are determined based on the tax assessed value, which is generally less than the market value due to various exemptions like primary residence and agricultural exemptions. Gaining a thorough understanding of Bluff City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Bluff City or its surrounding areas, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bluff 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 Bluff City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluff City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluff 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 Bluff City, Arkansas
Property taxes in Bluff City, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluff City is 0.63%, significantly lower than the U.S. national median of 0.99%. Local government entities within Bluff City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluff 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 Bluff City's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71722 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Bluff City provides valuable insights into the varying tax landscape across Nevada County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluff City Tax Rate
0.63%
Average Nevada County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluff City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71722 | 0.25% | 0.35% | 0.63% | 0.99% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Bluff City, Arkansas
In Bluff 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 Nevada 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. 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 Bluff City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bluff City is $24,100, with tax bills ranging from $59 at the 25th percentile to $310 at the 90th percentile. The zip code 71722 has both the highest and lowest median tax bills at $126.
Average Bluff City Assessed Value
$24,100
Average Nevada County Assessed Value
$30,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bluff City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71722 | $2,500 | $4,912 | $24,100 | $47,938 | $73,705 |
Source: Ownwell
Property Tax Bills Across Bluff City, Arkansas
In Bluff City, located in Nevada County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. The median home price in Bluff City is $24,100. Property taxes are then levied on this assessed value using the local property tax rate. For homeowners in Bluff City, the tax bill varies significantly. At the 25th percentile, the tax bill is around $59, while at the 75th percentile, it rises to $206. The 90th percentile sees tax bills reaching up to $310. These variations are influenced by factors such as property location, home size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Bluff City homeowners experience relatively lower tax bills. This can be beneficial for homeowners, as lower property taxes can mean reduced monthly housing costs, potentially making homeownership more affordable in this region.
Average Bluff City Tax Bill
$126
Average Nevada County Tax Bill
$203
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluff City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71722 | $22 | $59 | $126 | $206 | $310 |
Source: Ownwell