Biggers, Arkansas Property Taxes
The median property tax rate in Biggers, AR is 0.71%, which is significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $81,750 in Biggers, the typical annual property tax bill amounts to $560, falling well below the national median of $2,690. Property taxes in Biggers are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Biggers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Biggers or elsewhere in Clay County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Biggers, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$580
Ownwell’s Biggers Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Biggers, AR. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Biggers to provide an accurate estimate of your property tax bill. This tool offers valuable insights into your potential tax liabilities, helping you plan your finances better. For those interested in more granular details, additional localized information is available below. Your property's assessed value, determined by Clay County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Biggers, Arkansas
Property taxes in Biggers, Arkansas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Biggers is 0.54%, which is lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Biggers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Biggers 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 Biggers' effective property tax rate to other counties in Arkansas and the national median. For comparison, the highest median property tax rate in Clay County is 0.54%, while the lowest median tax rate is also 0.54%. Understanding how these cities compare with Biggers provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Biggers Tax Rate
0.71%
Average Clay County Tax Rate
0.78%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Biggers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72413 | 0.61% | 0.66% | 0.71% | 0.77% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Biggers, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Biggers, Arkansas. The market value represents the price a willing buyer would pay a willing seller in an open, competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Clay 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 Biggers, 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 Biggers is $81,750. The 25th percentile tax bill is around $519, while the 75th percentile tax bill is approximately $598, and the 90th percentile tax bill reaches $660. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Biggers Assessed Value
$81,750
Average Clay County Assessed Value
$59,500
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Biggers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72413 | $36,450 | $71,612 | $81,750 | $97,212 | $101,375 |
Source: Ownwell
Property Tax Bills Across Biggers, Arkansas
In Biggers, located in Clay County, AR, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the market value. Homeowners in Biggers can expect their property tax bills to vary depending on several factors, including the assessed value of their property and the local tax rate. For instance, the median home price in Biggers is $81,750. Property tax bills in this region can range significantly, with the 25th percentile at $519, the 75th percentile at $598, and the 90th percentile reaching $660. The median tax bill in the area stands at $560, which is notably lower than the national median property tax rate of 0.99%. These tax bills directly impact homeowners by influencing their annual housing costs. Lower property tax bills in Biggers can make homeownership more affordable compared to other regions with higher tax rates, thereby potentially attracting more residents to the area.
Average Biggers Tax Bill
$560
Average Clay County Tax Bill
$445
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Biggers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72413 | $269 | $519 | $560 | $598 | $660 |
Source: Ownwell