Mountainburg, Arkansas Property Taxes
The median property tax rate in Mountainburg, AR is 0.49%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Mountainburg at $110,425, the typical annual property tax bill is around $522, well below the national median of $2,690. Property taxes in Mountainburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mountainburg'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 Mountainburg 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
Mountainburg, 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 Mountainburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountainburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountainburg 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 Mountainburg, Arkansas
Property taxes in Mountainburg, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountainburg is 0.49%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Mountainburg set these rates annually, and they can vary across different neighborhoods. Each year, Mountainburg 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 Mountainburg's effective property tax rate to other regions and the national median. For comparison, the zip code 72946 has both the highest and lowest median property tax rate in the area, at 0.49%. Understanding how these figures compare with Mountainburg provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mountainburg Tax Rate
0.49%
Average Crawford County Tax Rate
0.52%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountainburg, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72946 | 0.12% | 0.29% | 0.49% | 0.72% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Mountainburg, Arkansas
In Mountainburg, 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 Crawford 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 Mountainburg, 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 Mountainburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mountainburg is $522.00 in the 72946 zip code, and the lowest median tax bill is also $522.00 in the same zip code.
Average Mountainburg Assessed Value
$110,425
Average Crawford County Assessed Value
$143,650
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mountainburg, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72946 | $24,280 | $61,638 | $110,425 | $172,538 | $252,190 |
Source: Ownwell
Property Tax Bills Across Mountainburg, Arkansas
In Mountainburg, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $110,425, the assessed value is determined using local assessment rates. Various factors influence the final tax bill, including the property's location within Crawford County and any applicable exemptions or deductions. Homeowners in Mountainburg can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $222, while at the 75th percentile, it rises to $956. The 90th percentile sees tax bills as high as $1,466. These variations reflect differences in property values and applicable tax rates within the area. Compared to the national median property tax rate of 0.99%, Mountainburg's tax rates can be quite favorable, making it an attractive location for homeowners. However, it's essential for homeowners to understand how their tax bill is calculated to anticipate annual expenses and plan their finances accordingly.
Average Mountainburg Tax Bill
$522
Average Crawford County Tax Bill
$716
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountainburg, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72946 | $79 | $222 | $522 | $956 | $1,466 |
Source: Ownwell