Edgemont, Arkansas Property Taxes
The median property tax rate in Edgemont, AR is 0.67%, considerably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Edgemont at $181,275, the typical annual property tax bill reaches $1,050, well below the national median of $2,690. Property taxes in Edgemont are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Edgemont's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Edgemont or another part of Cleburne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edgemont, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,215
Ownwell’s Edgemont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edgemont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edgemont 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 Edgemont, Arkansas
Property taxes in Edgemont, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgemont is 0.67%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Edgemont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgemont 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 Edgemont's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72044 zip code has both the highest and lowest median property tax rate at 0.67%. Understanding how these cities compare with Edgemont provides valuable insights into the varying tax landscape across Cleburne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edgemont Tax Rate
0.67%
Average Cleburne County Tax Rate
0.67%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgemont, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72044 | 0.30% | 0.47% | 0.67% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Edgemont, Arkansas
In Edgemont, 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 Cleburne 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 Edgemont, 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. The median home price in Edgemont is $181,275, with the 25th percentile tax bill at $453 and the 75th percentile at $2,086. The highest and lowest median tax bills are both $1,050, found in zip code 72044. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Edgemont Assessed Value
$181,275
Average Cleburne County Assessed Value
$128,200
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edgemont, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72044 | $33,144 | $79,671 | $181,275 | $318,546 | $464,156 |
Source: Ownwell
Property Tax Bills Across Edgemont, Arkansas
In Edgemont, located in Cleburne County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Factors that influence the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. For example, the median home price in Edgemont is $181,275, leading to a range of tax bills. Homeowners in the 25th percentile pay around $453, while those in the 75th percentile pay approximately $2,086. At the 90th percentile, the tax bill can reach up to $3,065. These property taxes contribute to local services such as schools, infrastructure, and emergency services, directly affecting homeowners by funding the community resources they rely on daily. The highest and lowest median tax bills in Edgemont are both $1,050, indicating a uniform tax rate across different areas within the city.
Average Edgemont Tax Bill
$1,050
Average Cleburne County Tax Bill
$753
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgemont, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72044 | $159 | $453 | $1,050 | $2,086 | $3,065 |
Source: Ownwell