Devalls Bluff, Arkansas Property Taxes
The median property tax rate in Devalls Bluff, AR is 0.98%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Devalls Bluff at $22,000, the typical annual property tax bill is $188, significantly lower than the national median of $2,690. Property taxes in Devalls Bluff 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 Devalls Bluff'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 Devalls Bluff 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
Devalls Bluff, 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 Devalls Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Devalls Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Devalls Bluff 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 Devalls Bluff, Arkansas
Property taxes in Devalls Bluff, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Devalls Bluff is 0.98%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Devalls Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Devalls Bluff 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 Devalls Bluff's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72041 has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Devalls Bluff 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 Devalls Bluff Tax Rate
0.98%
Average Prairie County Tax Rate
0.88%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Devalls Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72041 | 0.48% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Devalls Bluff, Arkansas
In Devalls Bluff, 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 Devalls Bluff, 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. For instance, the median home price in the area is $22,000, with tax bills ranging from $94 at the 25th percentile to $442 at the 90th percentile. 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 Devalls Bluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Devalls Bluff Assessed Value
$22,000
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 Devalls Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72041 | $5,090 | $9,800 | $22,000 | $39,950 | $59,230 |
Source: Ownwell
Property Tax Bills Across Devalls Bluff, Arkansas
In Devalls Bluff, located in Prairie County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $22,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's location, its assessed value, and any applicable exemptions. For homeowners in Devalls Bluff, the property tax bills can vary significantly. The 25th percentile tax bill is around $94, while the 75th percentile tax bill reaches $338, and the 90th percentile tax bill can be as high as $442. The highest median tax bill in the area is $188, which is notably lower than the national median property tax rate of 0.99%. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Devalls Bluff Tax Bill
$188
Average Prairie County Tax Bill
$335
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Devalls Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72041 | $57 | $94 | $188 | $338 | $442 |
Source: Ownwell