Dumas, Arkansas Property Taxes
The median property tax rate in Dumas, AR, is 0.92%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $59,525, the typical annual property tax bill in Dumas amounts to $507, which is significantly lower than the national median of $2,690. Property taxes in Dumas are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Dumas'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 Dumas 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
Dumas, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$548
Ownwell’s Dumas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dumas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dumas 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 Dumas, Arkansas
Property taxes in Dumas, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dumas is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Dumas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dumas 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 Dumas' effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71639 has the highest median property tax rate of 0.92%, while the lowest median tax rate is also 0.92%. Understanding how these cities compare with Dumas provides valuable insights into the varying tax landscape across Desha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dumas Tax Rate
0.92%
Average Desha County Tax Rate
0.95%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dumas, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71639 | 0.55% | 0.78% | 0.92% | 1.03% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Dumas, Arkansas
In Dumas, 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 Desha 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. 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 Dumas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in Dumas is $507, with zip code 71639 having the highest and lowest median tax bills of $507.
Average Dumas Assessed Value
$59,525
Average Desha County Assessed Value
$52,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dumas, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71639 | $10,450 | $20,350 | $59,525 | $92,162 | $146,550 |
Source: Ownwell
Property Tax Bills Across Dumas, Arkansas
In Dumas, Desha 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 Dumas is $59,525. Property taxes are then applied to this assessed value using the local tax rate. For instance, homeowners in Dumas can expect tax bills ranging from $191 at the 25th percentile to $1,246 at the 90th percentile, with the highest median tax bill recorded at $507 in zip code 71639. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Dumas offers relatively affordable property taxes, which can be a significant advantage for homeowners. Lower property taxes can make homeownership more accessible and reduce the overall financial burden on residents. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Dumas Tax Bill
$507
Average Desha County Tax Bill
$449
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Dumas, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71639 | $80 | $191 | $507 | $793 | $1,246 |
Source: Ownwell