Bryant, Arkansas Property Taxes
The median property tax rate in Bryant, AR is 0.84%, aligning with the state median but slightly below the national median of 0.99%. With a median home value of $180,285, the typical annual property tax bill in Bryant amounts to $1,514, which is less than the national median of $2,690. Property taxes in Bryant 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 properties. Understanding Bryant'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 Bryant or another part of the city, grasping the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Bryant, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,514
Ownwell’s Bryant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bryant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bryant 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 Bryant, Arkansas
Property taxes in Bryant, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bryant is 0.84%, which is below the U.S. national median of 0.99%. Local government entities within Bryant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bryant 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 Bryant's effective property tax rate to other areas in Saline County and the national median. For comparison, the 72002 zip code has the highest median property tax rate of 0.88%, while the 72015 zip code has the lowest median tax rate of 0.72%. Understanding how these cities compare with Bryant 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 Bryant Tax Rate
0.84%
Average Saline County Tax Rate
0.83%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bryant, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72002 | 0.83% | 0.85% | 0.88% | 0.92% | 0.95% |
| 72015 | 0.59% | 0.67% | 0.72% | 0.83% | 0.97% |
| 72019 | 0.62% | 0.69% | 0.80% | 0.92% | 0.98% |
| 72022 | 0.66% | 0.78% | 0.84% | 0.88% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Bryant, Arkansas
In Bryant, 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's Office 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 Bryant, 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 Bryant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bryant is $1,532 in the 72022 zip code, while the lowest is $268 in the 72002 zip code.
Average Bryant Assessed Value
$180,285
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 Bryant, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72002 | $19,006 | $25,495 | $30,495 | $53,520 | $92,454 |
| 72015 | $31,360 | $120,764 | $199,220 | $248,515 | $440,980 |
| 72019 | $35,990 | $88,385 | $159,112 | $242,718 | $321,740 |
| 72022 | $70,565 | $141,644 | $181,505 | $233,885 | $287,645 |
Source: Ownwell
Property Tax Bills Across Bryant, Arkansas
In Bryant, located in Saline County, Arkansas, 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 Bryant is $180,285. The assessed value is determined by the county assessor, who considers factors such as property size, location, and condition. Homeowners in Bryant can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,114, while the 75th percentile tax bill reaches $1,956. At the 90th percentile, the tax bill can go up to $2,516. Bryant's highest median tax bill is $1,532 in the 72022 zip code, contrasting sharply with the lowest median tax bill of $268 in the 72002 zip code. These variations can significantly impact homeowners, influencing their overall cost of living and potentially affecting decisions regarding property investments. Compared to the national median property tax rate of 0.99%, Bryant's property taxes can be seen as moderate, yet they still represent a considerable annual expense for homeowners.
Average Bryant Tax Bill
$1,514
Average Saline County Tax Bill
$1,361
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bryant, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72002 | $179 | $232 | $268 | $450 | $763 |
| 72015 | $302 | $872 | $1,311 | $1,751 | $3,579 |
| 72019 | $268 | $556 | $1,238 | $1,981 | $2,996 |
| 72022 | $514 | $1,154 | $1,532 | $1,957 | $2,479 |
Source: Ownwell