Plumerville, Arkansas Property Taxes
The median property tax rate in Plumerville, AR is 0.62%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $76,350 in Plumerville, the typical annual property tax bill amounts to $494, which is well below the national median of $2,690. Property taxes in Plumerville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Plumerville'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 Plumerville or another part of Conway County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Plumerville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$473
Ownwell’s Plumerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plumerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plumerville 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 Plumerville, Arkansas
Property taxes in Plumerville, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plumerville is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Plumerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plumerville 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 Plumerville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72127 has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Plumerville provides valuable insights into the varying tax landscape across Conway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plumerville Tax Rate
0.62%
Average Conway County Tax Rate
0.63%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plumerville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72127 | 0.11% | 0.32% | 0.62% | 0.91% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Plumerville, Arkansas
In Plumerville, 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 Conway 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 Plumerville, 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. The median home price in Plumerville is $76,350, with tax bills ranging from $158 at the 25th percentile to $1,607 at the 90th percentile. The highest and lowest median tax bills are both $494, found in the 72127 zip code. 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 Plumerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Plumerville Assessed Value
$76,350
Average Conway County Assessed Value
$84,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plumerville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72127 | $19,280 | $45,650 | $76,350 | $140,300 | $216,520 |
Source: Ownwell
Property Tax Bills Across Plumerville, Arkansas
In Plumerville, located in Conway County, AR, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value. Homeowners in Plumerville experience a range of property tax bills, with the 25th percentile at $158 and the 75th percentile reaching $947, reflecting the variance in property values and tax rates within the area. The median home price in Plumerville stands at $76,350, influencing the overall tax bill. Factors such as property size, location, and improvements can affect the assessed value, ultimately impacting the tax bill. Compared to the national median property tax rate of 0.99%, Plumerville's property tax bills can be considered relatively moderate. For instance, the highest median tax bill recorded in the area is $494 in the 72127 zip code, which is significantly lower than many other regions across the country. This relatively low property tax burden can be beneficial for homeowners, making Plumerville an attractive place to own property.
Average Plumerville Tax Bill
$494
Average Conway County Tax Bill
$532
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Plumerville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72127 | $50 | $158 | $494 | $947 | $1,607 |
Source: Ownwell