Haskell, Arkansas Property Taxes
The median property tax rate in Haskell, AR is 1.02%, slightly higher than the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $19,348 in Haskell, the typical annual property tax bill is $155, which is significantly lower than the national median of $2,690. Property taxes in Haskell 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 Haskell'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 Haskell 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
Haskell, 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 Haskell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haskell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haskell 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 Haskell, Arkansas
Property taxes in Haskell, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haskell is 0.52%, which is lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Haskell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haskell 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 Haskell's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72015 zip code has the highest median property tax rate of 0.52%, while the 72015 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Haskell 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 Haskell Tax Rate
1.02%
Average Saline County Tax Rate
0.83%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haskell, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72015 | 0.58% | 0.75% | 1.02% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Haskell, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Haskell, Arkansas. 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 local 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 Haskell, 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 highest median tax bill in the area is $155 in the 72015 zip code, while the lowest median tax bill is also $155 in the same zip code. 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 Haskell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Haskell Assessed Value
$19,348
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 Haskell, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72015 | $2,394 | $4,642 | $19,348 | $42,752 | $60,098 |
Source: Ownwell
Property Tax Bills Across Haskell, Arkansas
In Haskell, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Haskell is $19,348, and property taxes are determined by applying the local tax rate to this assessed value. For homeowners, this means that their tax bill can vary significantly depending on the value of their property. Several factors influence the tax bill, including the property's location, its assessed value, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $56, while at the 75th percentile, it rises to $442. At the 90th percentile, homeowners might see a tax bill as high as $643. These variations underscore the importance of understanding how assessed values and local tax rates impact overall tax obligations. Compared to the national median property tax rate of 0.99%, Haskell's rates can be considerably lower, making it a more affordable option for homeowners.
Average Haskell Tax Bill
$155
Average Saline County Tax Bill
$1,361
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Haskell, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72015 | $28 | $56 | $155 | $442 | $643 |
Source: Ownwell