Bearden, Arkansas Property Taxes
The median property tax rate in Bearden, AR is 0.86%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $54,775 in Bearden, the typical annual property tax bill amounts to $466, which is significantly below the national median of $2,690. Property taxes in Bearden are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bearden'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 Bearden or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bearden, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$471
$437
Ownwell’s Bearden Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bearden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bearden 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 Bearden, Arkansas
Property taxes in Bearden, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bearden is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Bearden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bearden 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 Bearden's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71720 zip code has both the highest and lowest median property tax rate of 0.86%, reflecting the uniformity in rates within the area. Understanding how these cities compare with Bearden provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bearden Tax Rate
0.86%
Average Calhoun County Tax Rate
0.90%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bearden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71720 | 0.83% | 0.86% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Bearden, Arkansas
In Bearden, 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 Calhoun County 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 Bearden, 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 Bearden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $466, found in zip code 71720.
Average Bearden Assessed Value
$54,775
Average Calhoun County Assessed Value
$38,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bearden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71720 | $23,455 | $42,412 | $54,775 | $80,538 | $126,755 |
Source: Ownwell
Property Tax Bills Across Bearden, Arkansas
In Bearden, AR, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and typically represents a percentage of the property's market value. Homeowners in Bearden can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $326, while at the 75th percentile, it reaches approximately $699. At the 90th percentile, the tax bill can go up to $1,100. Several factors influence the final tax bill, including the property's location within Calhoun County, any applicable exemptions, and the local tax rate. With a median home price of $54,775, the property tax rate in Bearden is relatively modest compared to the national median of 0.99%. This relatively low tax burden can be a significant advantage for homeowners, making Bearden an attractive place to own property. However, it is essential for homeowners to stay informed about their assessed values and any changes in local tax policies to manage their tax liabilities effectively.
Average Bearden Tax Bill
$466
Average Calhoun County Tax Bill
$351
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bearden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71720 | $226 | $326 | $466 | $699 | $1,100 |
Source: Ownwell