Augusta, Arkansas Property Taxes
The median property tax rate in Augusta, Arkansas is 0.89%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $44,350 in Augusta, the typical annual property tax bill amounts to $310, significantly lower than the national median of $2,690. Property taxes in Augusta are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Augusta'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 Augusta 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
Augusta, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$395
Ownwell’s Augusta Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Augusta. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Augusta to provide an accurate estimate of your property tax bill. This powerful tool offers a clear understanding of potential tax liabilities, allowing for better financial planning. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Augusta, Arkansas
Property taxes in Augusta, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Augusta is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Augusta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Augusta 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 Augusta's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72006 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Augusta provides valuable insights into the varying tax landscape across Woodruff County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Augusta Tax Rate
0.89%
Average Woodruff County Tax Rate
0.89%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Augusta, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72006 | 0.18% | 0.46% | 0.89% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Augusta, Arkansas
In Augusta, 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 Woodruff 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. 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 Augusta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 72006, with a tax bill of $310, while the lowest median tax bill is also in the same zip code at $310.
Average Augusta Assessed Value
$44,350
Average Woodruff County Assessed Value
$44,350
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Augusta, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72006 | $12,940 | $25,800 | $44,350 | $74,600 | $132,730 |
Source: Ownwell
Property Tax Bills Across Augusta, Arkansas
In Augusta, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the home's market value. Several factors influence the tax bill, including property location, home size, and any applicable exemptions. For instance, in Woodruff County, the median home price is $44,350, resulting in varying tax bills across different percentiles. Homeowners at the 25th percentile pay around $151, while those at the 75th percentile face a bill of approximately $540. At the 90th percentile, the tax bill can reach up to $1,066. These figures highlight the range of property tax burdens within the area. Compared to the national median property tax rate of 0.99%, homeowners in Augusta may experience relatively lower or higher tax bills depending on their property's assessed value and specific circumstances. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Augusta Tax Bill
$310
Average Woodruff County Tax Bill
$317
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Augusta, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72006 | $60 | $151 | $310 | $540 | $1,066 |
Source: Ownwell