Carlisle, Arkansas Property Taxes
The median property tax rate in Carlisle, AR is 0.59%, 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 Carlisle, the typical annual property tax bill amounts to $393, significantly less than the national median of $2,690. Property taxes in Carlisle are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Carlisle'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 Carlisle or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carlisle, 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 Carlisle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carlisle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlisle 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 Carlisle, Arkansas
Property taxes in Carlisle, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlisle is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Carlisle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlisle 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 Carlisle's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72024 has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with Carlisle provides valuable insights into the varying tax landscape across Prairie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlisle Tax Rate
0.59%
Average Prairie County Tax Rate
0.88%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlisle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72024 | 0.15% | 0.29% | 0.59% | 0.88% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Carlisle, Arkansas
In Carlisle, 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 Prairie 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 Carlisle, 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 Carlisle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 72024, with a median tax bill of $393.00.
Average Carlisle Assessed Value
$69,950
Average Prairie County Assessed Value
$51,500
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlisle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72024 | $17,610 | $40,100 | $69,950 | $131,000 | $188,920 |
Source: Ownwell
Property Tax Bills Across Carlisle, Arkansas
In Carlisle, located in Prairie County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. The median home price in Carlisle is $69,950. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $159, while at the 75th percentile, it rises to $837. At the 90th percentile, homeowners can expect a tax bill of around $1,119. The highest median tax bill recorded in the area is $393, which is consistent across the zip code 72024. These property tax rates can significantly impact homeowners, affecting their annual expenses and overall financial planning. While the national median property tax rate is 0.99%, local rates and home values in Carlisle can cause variations in individual tax bills.
Average Carlisle Tax Bill
$393
Average Prairie County Tax Bill
$335
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlisle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72024 | $72 | $159 | $393 | $837 | $1,119 |
Source: Ownwell