Higden, Arkansas Property Taxes
The median property tax rate in Higden, AR is 0.70%, considerably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Higden, the typical annual property tax bill reaches $764, significantly below the national median of $2,690. Property taxes in Higden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Higden'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 Higden or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Higden, 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 Higden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Higden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Higden 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 Higden, Arkansas
Property taxes in Higden, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Higden is 0.70%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Higden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Higden 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 Higden's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72067 has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Higden 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 Higden Tax Rate
0.70%
Average Cleburne County Tax Rate
0.67%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Higden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72067 | 0.29% | 0.51% | 0.70% | 0.77% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Higden, Arkansas
In Higden, 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 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 Higden, 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 Higden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Higden is $764, found in zip code 72067, which is also the lowest median tax bill in the area.
Average Higden Assessed Value
$123,075
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 Higden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72067 | $25,578 | $54,830 | $123,075 | $221,328 | $349,139 |
Source: Ownwell
Property Tax Bills Across Higden, Arkansas
In Higden, property tax bills are calculated based on the assessed value of a home, which is a fraction of its market value. The median home price in Higden is $123,075. Property taxes in this area are influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions. Homeowners in Higden can expect their tax bills to vary significantly. For instance, at the 25th percentile, the tax bill is around $282, while at the 75th percentile, it rises to $1,493. The 90th percentile tax bill can reach as high as $2,488. Compared to the national median property tax rate of 0.99%, Higden's property taxes can be relatively modest or quite substantial, depending on the specific property and its assessed value. This variability in tax bills can significantly impact homeowners' annual expenses, influencing their financial planning and overall cost of living in the area.
Average Higden Tax Bill
$764
Average Cleburne County Tax Bill
$753
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Higden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72067 | $126 | $282 | $764 | $1,493 | $2,488 |
Source: Ownwell