Randolph County Property Taxes
The median property tax rate in Randolph County is 0.59%, which is significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Randolph County being $65,900, the typical annual property tax bill is approximately $338, well below the national median of $2,690. Property taxes in Randolph County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Randolph County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Pocahontas or another part of Randolph County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Randolph County 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 Randolph County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Randolph County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Randolph County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Randolph County, Arkansas
Property taxes in Randolph County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Randolph County is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Randolph County set these rates annually, and they can vary significantly between different areas within the county. Each year, Randolph County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of O Kean has one of the higher property tax rates in the region at 0.90%, while the city of Corning boasts one of the lowest at 0.51%. Analyzing how Randolph County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Randolph County Tax Rate
0.59%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Randolph County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Biggers | 0.12% | 0.35% | 0.75% | 0.78% | 0.78% |
| Corning | 0.32% | 0.39% | 0.51% | 0.63% | 0.70% |
| Delaplaine | 0.30% | 0.72% | 0.78% | 0.90% | 0.90% |
| Imboden | N/A | N/A | N/A | N/A | N/A |
| Mammoth Spring | 0.44% | 0.68% | 0.82% | 0.82% | 0.82% |
| Maynard | N/A | N/A | N/A | N/A | N/A |
| Myrtle | N/A | N/A | N/A | N/A | N/A |
| O Kean | 0.18% | 0.41% | 0.90% | 0.90% | 0.90% |
| Pocahontas | 0.11% | 0.28% | 0.55% | 0.81% | 0.81% |
| Ravenden | N/A | N/A | N/A | N/A | N/A |
| Ravenden Springs | N/A | N/A | N/A | N/A | N/A |
| Reyno | N/A | N/A | N/A | N/A | N/A |
| Walnut Ridge | 0.16% | 0.37% | 0.76% | 0.78% | 0.80% |
| Warm Springs | 0.11% | 0.27% | 0.77% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Randolph County, Arkansas
In Randolph County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Randolph County Appraisal District. The assessed value, however, 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 in Randolph County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Pocahontas has the highest median tax bill at $402, while O Kean has the lowest at $157. Being aware of these valuation processes in Randolph County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Randolph County Assessed Value
$65,900
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Randolph County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Biggers | $17,855 | $28,062 | $42,575 | $62,450 | $95,605 |
| Corning | $34,795 | $42,700 | $55,875 | $69,050 | $76,955 |
| Delaplaine | $8,385 | $24,200 | $33,950 | $50,950 | $99,385 |
| Imboden | N/A | N/A | N/A | N/A | N/A |
| Mammoth Spring | $6,235 | $18,450 | $54,050 | $92,325 | $152,780 |
| Maynard | N/A | N/A | N/A | N/A | N/A |
| Myrtle | N/A | N/A | N/A | N/A | N/A |
| O Kean | $4,883 | $15,169 | $29,362 | $46,631 | $73,190 |
| Pocahontas | $28,270 | $48,700 | $77,625 | $126,475 | $191,930 |
| Ravenden | N/A | N/A | N/A | N/A | N/A |
| Ravenden Springs | N/A | N/A | N/A | N/A | N/A |
| Reyno | N/A | N/A | N/A | N/A | N/A |
| Walnut Ridge | $17,612 | $42,812 | $60,925 | $95,681 | $145,900 |
| Warm Springs | $9,450 | $21,444 | $47,350 | $78,031 | $130,075 |
Source: Ownwell
Property Tax Bills Across Randolph County, Arkansas
Property tax bills in Randolph County, AR, are calculated based on the assessed value of a property, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value, reflecting the amount that homeowners might expect to sell their property for under normal conditions. In Randolph County, the median home price is $65,900. Property tax rates are applied to this assessed value to determine the tax bill. For instance, the tax bill at the 25th percentile is $142, while at the 75th percentile, it reaches $633. The highest median tax bill in the county is $402 in Pocahontas, whereas the lowest is $157 in O Kean. These tax bills directly impact homeowners by influencing their annual expenses and potentially affecting their overall financial planning. Compared to the national median property tax rate of 0.99%, Randolph County's tax rates provide a relatively affordable option for homeowners.
Average Randolph County Tax Bill
$338
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Randolph County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Biggers | $53 | $132 | $269 | $412 | $645 |
| Corning | $222 | $222 | $223 | $224 | $225 |
| Delaplaine | $37 | $116 | $279 | $462 | $927 |
| Imboden | N/A | N/A | N/A | N/A | N/A |
| Mammoth Spring | $51 | $138 | $233 | $663 | $1,013 |
| Maynard | N/A | N/A | N/A | N/A | N/A |
| Myrtle | N/A | N/A | N/A | N/A | N/A |
| O Kean | $30 | $85 | $157 | $264 | $323 |
| Pocahontas | $58 | $189 | $402 | $710 | $1,147 |
| Ravenden | N/A | N/A | N/A | N/A | N/A |
| Ravenden Springs | N/A | N/A | N/A | N/A | N/A |
| Reyno | N/A | N/A | N/A | N/A | N/A |
| Walnut Ridge | $55 | $129 | $375 | $603 | $1,012 |
| Warm Springs | $26 | $70 | $207 | $426 | $758 |
Source: Ownwell