Columbia County Property Taxes
The median property tax rate in Columbia County is 0.78%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $50,700 in Columbia County, the typical annual property tax bill amounts to $400, which is significantly below the national median of $2,690. Property taxes in Columbia County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Columbia County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Magnolia or another part of Columbia County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Columbia County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$395
Ownwell’s Columbia County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Columbia County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Columbia County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Columbia County, Arkansas
Property taxes in Columbia County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Columbia County is 0.78%, which is lower than both the Arkansas state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Columbia County set these rates annually, and they can vary significantly between different areas within the county. Each year, Columbia County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Emerson has one of the higher property tax rates in Arkansas at 0.91%, while the city of Stephens boasts one of the lowest at 0.75%. Analyzing how Columbia County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Columbia County Tax Rate
0.78%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Columbia County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Emerson | 0.66% | 0.81% | 0.91% | 0.91% | 0.95% |
| Magnolia | 0.62% | 0.75% | 0.76% | 0.79% | 0.79% |
| Mc Neil | 0.60% | 0.75% | 0.75% | 0.81% | 0.81% |
| Stamps | 0.71% | 0.78% | 0.88% | 0.91% | 0.91% |
| Stephens | 0.62% | 0.75% | 0.75% | 0.75% | 0.97% |
| Taylor | 0.67% | 0.77% | 0.91% | 0.91% | 0.96% |
| Waldo | 0.63% | 0.75% | 0.75% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Columbia County, Arkansas
In Columbia County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Columbia County Appraisal District. The assessed value, however, 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. Assessment notices in Columbia County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Columbia County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Magnolia has the highest median tax bill at $466, while Mc Neil has the lowest at $254.
Property Tax Assessment Values Across Columbia County, Arkansas
Source: Ownwell
$31,900
$149,650
$267,400
Average Columbia County Assessed Value
$50,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Columbia County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Emerson | $3,790 | $16,100 | $41,550 | $92,950 | $165,500 |
| Magnolia | $9,900 | $24,600 | $60,700 | $139,600 | $213,880 |
| Mc Neil | $5,440 | $17,450 | $31,900 | $61,700 | $115,960 |
| Stamps | $3,080 | $26,250 | $49,800 | $82,400 | $176,990 |
| Stephens | $6,975 | $18,638 | $38,100 | $74,188 | $122,850 |
| Taylor | $6,770 | $26,562 | $52,925 | $96,350 | $167,870 |
| Waldo | $7,095 | $18,000 | $39,675 | $74,900 | $159,220 |
Source: Ownwell
Property Tax Bills Across Columbia County, Arkansas
In Columbia County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this county is $50,700. Local tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's location and any applicable exemptions. For instance, the median property tax bill in Columbia County is $466 in Magnolia, whereas it is $254 in McNeil. This variation illustrates how local tax rates and property values can impact homeowners differently. The tax bill for the 25th percentile of homes is $183, while it climbs to $848 for the 75th percentile and $1,447 for the 90th percentile. Comparatively, Columbia County's median property tax rate is lower than the national median of 0.99%, making it relatively affordable for homeowners. However, understanding these factors is crucial for homeowners to budget effectively and potentially seek exemptions to reduce their tax burden.
Average Columbia County Tax Bill
$400
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690