Crocketts Bluff, Arkansas Property Taxes
The median property tax rate in Crocketts Bluff, Arkansas is 0.80%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Crocketts Bluff at $58,915, the typical annual property tax bill is $401, significantly below the national median of $2,690. Property taxes in Crocketts Bluff are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crocketts Bluff'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 Crocketts Bluff 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
Crocketts Bluff, 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 Crockett’s Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crockett’s Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crockett’s Bluff 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 Crocketts Bluff, Arkansas
Property taxes in Crocketts Bluff, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crocketts Bluff is 0.80%, lower than the U.S. national median of 0.99%. Local government entities within Crocketts Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crocketts Bluff 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 Crocketts Bluff's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72038 has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Crocketts Bluff provides valuable insights into the varying tax landscape across Arkansas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crocketts Bluff Tax Rate
0.80%
Average Arkansas County Tax Rate
0.67%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crocketts Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72038 | 0.31% | 0.55% | 0.80% | 0.90% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Crocketts Bluff, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crocketts Bluff, 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 Crocketts Bluff, 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. The median home price in Crocketts Bluff is $58,915, with tax bills ranging from $147 at the 25th percentile to $1,366 at the 90th percentile. Notably, the highest and lowest median tax bills in the area both occur in the 72038 zip code, each at $401. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crocketts Bluff Assessed Value
$58,915
Average Arkansas County Assessed Value
$70,958
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crocketts Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72038 | $4,580 | $23,578 | $58,915 | $101,738 | $161,442 |
Source: Ownwell
Property Tax Bills Across Crocketts Bluff, Arkansas
In Crockett's Bluff, located in Arkansas County, property tax bills are calculated based on the assessed value of the property. The assessed value is a percentage of the property's market value, which is determined by local tax assessors. Factors such as property size, location, and any improvements made to the property are considered. Once the assessed value is determined, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Crockett's Bluff, the median home price is $58,915, with property tax bills ranging significantly. The 25th percentile tax bill is $147, while the 75th percentile tax bill reaches $684, and the 90th percentile tax bill can go up to $1,366. These figures highlight the variability in property tax burdens within the area. Compared to the national median property tax rate of 0.99%, homeowners in Crockett's Bluff experience relatively moderate property tax bills. Understanding these factors can help homeowners better anticipate their annual property tax expenses and plan their finances accordingly.
Average Crocketts Bluff Tax Bill
$401
Average Arkansas County Tax Bill
$414
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Crocketts Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72038 | $57 | $147 | $401 | $684 | $1,366 |
Source: Ownwell