Cale, Arkansas Property Taxes
The median property tax rate in CALE, AR is 0.28%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in CALE at $62,200, the typical annual property tax bill is $173, far below the national median of $2,690. Property taxes in CALE 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 CALE'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 CALE or another part of Nevada County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cale, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$174
Ownwell’s CALE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CALE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CALE 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 Cale, Arkansas
Property taxes in CALE, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CALE is 0.28%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within CALE set these rates annually, and they can vary significantly across different neighborhoods. Each year, CALE 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 CALE's effective property tax rate to other counties in Arkansas and the national median. For comparison, the highest median property tax rate in the area is 0.35%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with CALE 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 Cale Tax Rate
0.28%
Average Nevada County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71828 | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% |
Source: Ownwell
Property Tax Assessment Values Across Cale, Arkansas
In CALE, 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. In CALE, 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 CALE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $173, found in zip code 71828.
Average Cale Assessed Value
$62,200
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 Cale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71828 | $62,200 | $62,200 | $62,200 | $62,200 | $62,200 |
Source: Ownwell
Property Tax Bills Across Cale, Arkansas
Property tax bills in CALE, located in Nevada County, AR, are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The median home price in CALE is $62,200, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, thereby affecting the tax bill. In CALE, the property tax bills are quite consistent, with the 25th, 75th, and 90th percentiles all showing a tax bill of $173. This is significantly lower than the national median property tax rate of 0.99%, making CALE an attractive option for homeowners seeking lower property taxes. The highest and lowest median tax bills in the area are both $173, indicating a stable and predictable tax environment for residents. This stability can provide homeowners with a sense of financial security and predictability in their annual expenses.
Average Cale Tax Bill
$173
Average Nevada County Tax Bill
$203
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Cale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71828 | $173 | $173 | $173 | $173 | $173 |
Source: Ownwell