Langley, Arkansas Property Taxes
The median property tax rate in Langley, Arkansas is 0.80%, slightly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Langley at $61,025, the typical annual property tax bill is $452, significantly below the national median of $2,690. Property taxes in Langley are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Langley'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 Langley 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
Langley, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$488
Ownwell’s Langley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Langley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Langley 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 Langley, Arkansas
Property taxes in Langley, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Langley is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Langley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Langley 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 Langley's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71952 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these areas compare with Langley provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Langley Tax Rate
0.80%
Average Pike County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Langley, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71952 | 0.51% | 0.63% | 0.80% | 0.89% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Langley, Arkansas
In Langley, 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 Pike 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 Langley, 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 Langley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 71952 in Langley has the highest median tax bill at $452.00, which is crucial information for residents aiming to understand their property tax obligations.
Average Langley Assessed Value
$61,025
Average Pike County Assessed Value
$63,750
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Langley, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71952 | $4,420 | $28,475 | $61,025 | $126,225 | $174,450 |
Source: Ownwell
Property Tax Bills Across Langley, Arkansas
In Langley, Pike County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is typically a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's size, location, and any improvements made. For homeowners in Langley, the median home price is $61,025. The tax bills can vary significantly, with the 25th percentile at $231 and the 75th percentile at $754. At the 90th percentile, tax bills can reach up to $1,469. The highest and lowest median tax bills in the region are both $452, indicating some consistency in tax assessments within certain zip codes. Compared to the national median property tax rate of 0.99%, Langley's property tax rates offer a relatively affordable option for homeowners, impacting their overall cost of living positively.
Average Langley Tax Bill
$452
Average Pike County Tax Bill
$523
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Langley, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71952 | $80 | $231 | $452 | $754 | $1,469 |
Source: Ownwell