Pollard, Arkansas Property Taxes
The median property tax rate in Pollard, AR is 0.91%, 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 $40,625 in Pollard, the typical annual property tax bill comes to $373, which is significantly lower than the national median of $2,690. Property taxes in Pollard are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Pollard'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 Pollard or another part of Clay County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pollard, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Pollard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pollard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pollard 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 Pollard, Arkansas
Property taxes in Pollard, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pollard is 0.61%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Pollard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pollard 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 Pollard's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72456 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Pollard 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 Pollard Tax Rate
0.91%
Average Clay County Tax Rate
0.78%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pollard, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72456 | 0.62% | 0.78% | 0.91% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Pollard, Arkansas
In Pollard, 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 county's 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 Pollard, 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 Pollard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pollard is $40,625, and the tax bills range from $185 at the 25th percentile to $1,015 at the 90th percentile. The highest and lowest median tax bills are both found in the 72456 zip code, with a value of $373.
Average Pollard Assessed Value
$40,625
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 Pollard, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72456 | $9,870 | $19,388 | $40,625 | $72,050 | $129,225 |
Source: Ownwell
Property Tax Bills Across Pollard, Arkansas
In Pollard, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Pollard, located in Clay County, AR, typically see their tax bills determined by multiplying the assessed value by the local tax rate. The median home price in Pollard is $40,625, which serves as a baseline for these calculations. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, tax bills in Pollard can range significantly, with the 25th percentile paying around $185, while those in the 75th percentile pay approximately $654. At the higher end, the 90th percentile sees tax bills reaching up to $1,015. Comparatively, Pollard's property tax rates are quite modest when contrasted with the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable, easing the financial strain on homeowners in this city.
Average Pollard Tax Bill
$373
Average Clay County Tax Bill
$445
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pollard, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72456 | $83 | $185 | $373 | $654 | $1,015 |
Source: Ownwell