Ashley County Property Taxes
The median property tax rate in Ashley County is 0.60%, which is significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Ashley County, the typical annual property tax bill is $300, far below the national median of $2,690. Property taxes in Ashley County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Ashley County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hamburg or another part of Ashley County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashley County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$336
Ownwell’s Ashley County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ashley County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ashley County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Ashley County, Arkansas
Property taxes in Ashley County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ashley County is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Ashley County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ashley County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Parkdale has one of the higher property tax rates in Arkansas at 0.74%, while the city of Crossett boasts one of the lowest at 0.62%. Analyzing how Ashley County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ashley County Tax Rate
0.60%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Ashley County, Arkansas
In Ashley County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Ashley County Appraisal District. The assessed value, however, 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 in Ashley County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, homeowners in Crossett face the highest median tax bill in the county at $341, while those in Montrose enjoy the lowest at $156. Being aware of these valuation processes in Ashley County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Ashley County Assessed Value
$56,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashley County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crossett | $15,400 | $32,800 | $60,850 | $113,950 | $165,250 |
| Fountain Hill | N/A | N/A | N/A | N/A | N/A |
| Hamburg | N/A | N/A | N/A | N/A | N/A |
| Montrose | $4,200 | $17,275 | $32,000 | $59,050 | $92,300 |
| Parkdale | $4,150 | $14,000 | $27,350 | $54,300 | $90,250 |
| Portland | N/A | N/A | N/A | N/A | N/A |
| Wilmot | $6,010 | $17,750 | $35,350 | $70,400 | $123,830 |
Source: Ownwell
Property Tax Bills Across Ashley County, Arkansas
In Ashley County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The county uses an assessment ratio to determine this assessed value. Once assessed, the property tax rate, or millage rate, is applied to this value to calculate the tax bill. Factors such as property location, market trends, and local government budgets influence the final amount. For homeowners in Ashley County, the median home price is $56,000. Tax bills can vary significantly, with the 25th percentile at $127 and the 75th percentile at $581. The highest median tax bill in the county is found in Crossett at $341, while Montrose has the lowest at $156. These figures are relatively low compared to the national median property tax rate of 0.99%, making Ashley County an area with generally lower property tax burdens. Understanding these factors helps homeowners anticipate their annual property tax expenses and plan accordingly.
Average Ashley County Tax Bill
$300
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690