Ash Flat, Arkansas Property Taxes
The median property tax rate in Ash Flat, AR is 0.65%, which is significantly below both the national median of 0.99% and the Arkansas state median of 0.84%. Given the median home value in Ash Flat is $63,900, the typical annual property tax bill amounts to $389, which is much lower than the national median of $2,690. Property taxes in Ash Flat are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ash Flat'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 Ash Flat 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
Ash Flat, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$415
$385
Ownwell’s Ash Flat Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ash Flat with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ash Flat 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 Ash Flat, Arkansas
Property taxes in Ash Flat, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ash Flat is 0.65%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Ash Flat set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ash Flat 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 Ash Flat's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72513 has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Ash Flat provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ash Flat Tax Rate
0.65%
Average Fulton County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ash Flat, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72513 | 0.49% | 0.55% | 0.65% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Ash Flat, Arkansas
In Ash Flat, 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 Fulton 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 Ash Flat, 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 Ash Flat helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 72513 has the highest and lowest median tax bill of $389.
Average Ash Flat Assessed Value
$63,900
Average Fulton County Assessed Value
$68,050
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ash Flat, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72513 | $10,710 | $31,525 | $63,900 | $100,700 | $153,570 |
Source: Ownwell
Property Tax Bills Across Ash Flat, Arkansas
In Ash Flat, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Ash Flat, located in Fulton County, AR, see property tax rates that are generally lower than the national median property tax rate of 0.99%. The median home price in Ash Flat is $63,900, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $187, while the 75th percentile tax bill rises to about $622. At the higher end, the 90th percentile tax bill can reach up to $982. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. These taxes are critical for funding local services such as schools, emergency services, and infrastructure. For homeowners, understanding these factors is essential, as property taxes represent a significant annual expense that can impact household budgets and overall financial planning.
Average Ash Flat Tax Bill
$389
Average Fulton County Tax Bill
$483
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Ash Flat, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72513 | $77 | $187 | $389 | $622 | $982 |
Source: Ownwell