Saint Charles, Arkansas Property Taxes
The median property tax rate in Saint Charles, AR is 0.65%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Saint Charles, the typical annual property tax bill reaches $288, significantly below the national median of $2,690. Property taxes in Saint Charles 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 Saint Charles'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 Charles 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 Charles, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$305
$283
Ownwell’s Saint Charles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Charles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Charles 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 Charles, Arkansas
Property taxes in Saint Charles, Arkansas, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Charles is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Charles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Charles 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 Charles's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72140 zip code has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these areas compare with Saint Charles 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 Saint Charles Tax Rate
0.65%
Average Arkansas County Tax Rate
0.67%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Charles, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72140 | 0.13% | 0.37% | 0.65% | 1.03% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Saint Charles, Arkansas
In Saint Charles, 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 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 Saint Charles, 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. In Arkansas County, the median home price is $46,995, with tax bills ranging from $123 at the 25th percentile to $1,082 at the 90th percentile. The highest and lowest median tax bill in the county is $288, found in the 72140 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Charles Assessed Value
$46,995
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 Saint Charles, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72140 | $7,660 | $23,474 | $46,995 | $78,894 | $145,044 |
Source: Ownwell
Property Tax Bills Across Saint Charles, Arkansas
In Saint Charles, Arkansas, property tax bills are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $46,995, the assessed value would be used to calculate the tax bill. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including property improvements, neighborhood changes, and local government budgets. Homeowners in Saint Charles can expect varying tax bills based on these factors. For example, the tax bill at the 25th percentile is around $123, while at the 75th percentile, it rises to $597. At the 90th percentile, it can go up to $1,082. Compared to the national median property tax rate of 0.99%, Saint Charles offers relatively affordable property tax rates, which can be a significant advantage for homeowners in the area.
Average Saint Charles Tax Bill
$288
Average Arkansas County Tax Bill
$414
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Charles, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72140 | $49 | $123 | $288 | $597 | $1,082 |
Source: Ownwell