Bauxite, Arkansas Property Taxes
The median property tax rate in Bauxite, AR is 0.80%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Bauxite, the typical annual property tax bill reaches $767, significantly below the national median of $2,690. Property taxes in Bauxite are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bauxite'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 Bauxite or another part of Saline County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bauxite, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$830
Ownwell’s Bauxite Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bauxite with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bauxite 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 Bauxite, Arkansas
Property taxes in Bauxite, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bauxite is 0.80%, which is below the U.S. national median of 0.99%. Local government entities within Bauxite set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bauxite 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 Bauxite's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72011 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 cities compare with Bauxite provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bauxite Tax Rate
0.80%
Average Saline County Tax Rate
0.83%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bauxite, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72011 | 0.61% | 0.69% | 0.80% | 0.94% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Bauxite, Arkansas
In Bauxite, 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 Saline County Assessor 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 Bauxite, 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 Bauxite helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Bauxite, the zip code 72011 has the highest median tax bill of $767.00, which is significantly lower than the national median property tax rate of 0.99%.
Average Bauxite Assessed Value
$103,735
Average Saline County Assessed Value
$164,560
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bauxite, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72011 | $20,000 | $45,950 | $103,735 | $195,110 | $263,933 |
Source: Ownwell
Property Tax Bills Across Bauxite, Arkansas
In Bauxite, located in Saline County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Bauxite is $103,735. Homeowners in this area can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $370, while at the 75th percentile, it rises to $1,595. At the 90th percentile, it can reach as high as $2,171. The highest median tax bill in the area is $767, which is also the lowest median tax bill, both observed in the 72011 zip code. Compared to the national median property tax rate of 0.99%, Bauxite's property tax rates are relatively moderate. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors helps residents anticipate their financial responsibilities and plan accordingly.
Average Bauxite Tax Bill
$767
Average Saline County Tax Bill
$1,361
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bauxite, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72011 | $180 | $370 | $767 | $1,595 | $2,171 |
Source: Ownwell