Edmondson, Arkansas Property Taxes
The median property tax rate in Edmondson, AR is 0.80%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Edmondson at $32,100, the typical annual property tax bill is $225, significantly below the national median of $2,690. Property taxes in Edmondson 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 Edmondson'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 Edmondson 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
Edmondson, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$257
Ownwell’s Edmondson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edmondson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edmondson 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 Edmondson, Arkansas
Property taxes in Edmondson, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edmondson is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Edmondson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edmondson 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 Edmondson's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72332 has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Edmondson provides valuable insights into the varying tax landscape across Crittenden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edmondson Tax Rate
0.80%
Average Crittenden County Tax Rate
0.76%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edmondson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72332 | 0.69% | 0.80% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Edmondson, Arkansas
In Edmondson, 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 Crittenden 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 Edmondson, 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 Edmondson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $225.00 in the 72332 zip code, while the lowest median tax bill is also $225.00 in the same zip code.
Average Edmondson Assessed Value
$32,100
Average Crittenden County Assessed Value
$81,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edmondson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72332 | $6,790 | $16,212 | $32,100 | $51,138 | $89,755 |
Source: Ownwell
Property Tax Bills Across Edmondson, Arkansas
In Edmondson, located in Crittenden County, AR, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value. For homeowners in Edmondson, the median home price is $32,100. Property tax rates are applied to this assessed value to determine the annual tax bill. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill at $129 and the 75th percentile reaching $378. At the 90th percentile, homeowners might see tax bills as high as $605. These figures indicate that while some homeowners pay relatively low property taxes, others face higher bills depending on the assessed value of their property and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Edmondson's property tax rates can significantly impact homeowners, making it crucial for them to understand how their tax bills are determined and ensure their property is accurately assessed.
Average Edmondson Tax Bill
$225
Average Crittenden County Tax Bill
$662
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Edmondson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72332 | $53 | $129 | $225 | $378 | $605 |
Source: Ownwell