Delaplaine, Arkansas Property Taxes
The median property tax rate in Delaplaine, AR is 0.70%, 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 Delaplaine at $110,300, the typical annual property tax bill amounts to $698, significantly under the national median of $2,690. Property taxes in Delaplaine are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Delaplaine'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 Delaplaine or another part of Clay County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delaplaine, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$772
Ownwell’s Delaplaine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delaplaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delaplaine 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 Delaplaine, Arkansas
Property taxes in Delaplaine, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delaplaine is 0.52%, which is significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Delaplaine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delaplaine 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 Delaplaine's effective property tax rate to other counties in Arkansas and the national median. For comparison, the highest median property tax rate in the county is also 0.52%, while the lowest median tax rate is the same at 0.52%. Understanding how these cities compare with Delaplaine 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 Delaplaine Tax Rate
0.70%
Average Clay County Tax Rate
0.78%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delaplaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72425 | 0.65% | 0.67% | 0.70% | 0.75% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Delaplaine, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Delaplaine, 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 Clay County Assessor 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 Delaplaine, 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 Delaplaine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Delaplaine, the zip code with the highest and lowest median tax bill is 72425, with a median tax bill of $698.
Average Delaplaine Assessed Value
$110,300
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 Delaplaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72425 | $81,620 | $92,375 | $110,300 | $134,225 | $148,580 |
Source: Ownwell
Property Tax Bills Across Delaplaine, Arkansas
In Delaplaine, located in Clay County, AR, property tax bills are calculated based on the assessed value of a homeowner's property. This assessed value represents a percentage of the property's market value. The median home price in Delaplaine is $110,300, and property tax rates are applied to this assessed value to determine the annual tax bill. For homeowners, the tax bill can vary significantly. At the 25th percentile, the annual tax bill is around $647, while at the 75th percentile, it rises to approximately $900. At the 90th percentile, homeowners might see tax bills as high as $1,021. These variations are influenced by factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Delaplaine's property tax bills reflect the local economic conditions and property values. This can have a substantial impact on homeowners, affecting their overall cost of living and financial planning.
Average Delaplaine Tax Bill
$698
Average Clay County Tax Bill
$445
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Delaplaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72425 | $616 | $647 | $698 | $900 | $1,021 |
Source: Ownwell