Saint Joe, Arkansas Property Taxes
The median property tax rate in Saint Joe, AR is 0.73%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $54,700 in Saint Joe, the typical annual property tax bill is $421, well below the national median of $2,690. Property taxes in Saint Joe are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Saint Joe'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 Saint Joe 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
Saint Joe, 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 SAINT JOE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAINT JOE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAINT JOE 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 Saint Joe, Arkansas
Property taxes in Saint Joe, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Joe is 0.73%, significantly lower than the U.S. national median of 0.99%. Local government entities within Saint Joe set these rates annually, and they can vary across different neighborhoods. Each year, Saint Joe 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 Saint Joe's effective property tax rate to other regions in Arkansas and the national median. For comparison, the 72675 ZIP code in Searcy County has a median property tax rate of 0.73%, which aligns with Saint Joe's rate. Understanding how these areas compare with Saint Joe provides valuable insights into the varying tax landscape across Searcy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Joe Tax Rate
0.73%
Average Searcy County Tax Rate
0.76%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Joe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72675 | 0.56% | 0.65% | 0.73% | 0.88% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Saint Joe, Arkansas
In Saint Joe, 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 Searcy 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 Saint Joe, 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 example, the highest median tax bill in the area is $421 in the zip code 72675, and the lowest median tax bill is also $421 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 Saint Joe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Joe Assessed Value
$54,700
Average Searcy County Assessed Value
$53,950
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Joe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72675 | $3,000 | $25,700 | $54,700 | $95,350 | $152,670 |
Source: Ownwell
Property Tax Bills Across Saint Joe, Arkansas
In Saint Joe, Searcy County, AR, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $54,700, homeowners can expect their property tax bill to fall within a range depending on various factors such as property size, location, and improvements. The property tax bills in Saint Joe vary significantly, with the 25th percentile tax bill at $229 and the 75th percentile reaching $773. For those at the 90th percentile, the tax bill can be as high as $1,194. Despite these variations, the highest median tax bill recorded in the area is $421 in the 72675 zip code. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Saint Joe should be aware of how these taxes are calculated, as they directly impact their annual financial planning and the overall affordability of owning a home in this region.
Average Saint Joe Tax Bill
$421
Average Searcy County Tax Bill
$434
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Joe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72675 | $120 | $229 | $421 | $773 | $1,194 |
Source: Ownwell