Clinton, Arkansas Property Taxes
The median property tax rate in Clinton, AR is 0.72%, lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $56,600 in Clinton, the typical annual property tax bill is $377, significantly below the national median of $2,690. Property taxes in Clinton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Clinton'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 Clinton 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
Clinton, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$408
Ownwell’s Clinton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clinton with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in more granular insights, you can scroll down to explore neighborhood-level trends. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Clinton, Arkansas
Property taxes in Clinton, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72031 has both the highest and lowest median property tax rate of 0.72%. Understanding how these areas compare with Clinton provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
0.72%
Average Stone County Tax Rate
0.71%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72031 | 0.52% | 0.62% | 0.72% | 0.72% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Arkansas
In Clinton, 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 Stone 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 Clinton, 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Clinton are both $377 in the zip code 72031.
Average Clinton Assessed Value
$56,600
Average Stone County Assessed Value
$77,600
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72031 | $14,280 | $32,600 | $56,600 | $91,200 | $141,670 |
Source: Ownwell
Property Tax Bills Across Clinton, Arkansas
In Clinton, located in Stone 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, and this percentage can vary. Homeowners in Clinton can expect their property tax bills to be influenced by several factors, including the property’s assessed value, local tax rates, and any applicable exemptions. For instance, with a median home price of $56,600, property tax bills in Clinton range widely. The 25th percentile tax bill is around $219, whereas the 75th percentile tax bill reaches approximately $579. At the higher end, the 90th percentile tax bill can go up to $1017. These variations highlight how different factors, such as property value and exemptions, can significantly affect the amount homeowners are required to pay. Compared to the national median property tax rate of 0.99%, Clinton offers a relatively affordable tax environment, making it an attractive option for homeowners looking to manage their property-related expenses effectively.
Average Clinton Tax Bill
$377
Average Stone County Tax Bill
$507
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72031 | $95 | $219 | $377 | $579 | $1,017 |
Source: Ownwell