Jessieville, Arkansas Property Taxes
The median property tax rate in Jessieville, AR is 0.68%, notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $51,450 in Jessieville, the typical annual property tax bill is $271, significantly below the national median of $2,690. Property taxes in Jessieville 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 Jessieville'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 Jessieville 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
Jessieville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$350
Ownwell’s Jessieville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jessieville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jessieville 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 Jessieville, Arkansas
Property taxes in Jessieville, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jessieville is 0.68%, lower than the U.S. national median of 0.99%. Local government entities within Jessieville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jessieville 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 Jessieville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71949 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Jessieville provides valuable insights into the varying tax landscape across Garland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jessieville Tax Rate
0.68%
Average Garland County Tax Rate
0.59%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jessieville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71949 | 0.15% | 0.38% | 0.68% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Jessieville, Arkansas
In Jessieville, 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 Garland 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 Jessieville, 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. The median home price in Jessieville is $51,450, with tax bills ranging from $128 at the 25th percentile to $1,110 at the 90th percentile. The zip code 71949 has both the highest and lowest median tax bill at $271. Being aware of these valuation processes in Jessieville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jessieville Assessed Value
$51,450
Average Garland County Assessed Value
$162,300
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jessieville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71949 | $11,470 | $23,600 | $51,450 | $102,950 | $191,870 |
Source: Ownwell
Property Tax Bills Across Jessieville, Arkansas
In Jessieville, located in Garland 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 Jessieville is $51,450. To determine the property tax bill, the assessed value is multiplied by the local tax rate. Factors influencing the tax bill include the property's location, size, and market value fluctuations. For homeowners, property taxes can vary significantly. The tax bill at the 25th percentile is $128, while at the 75th percentile, it rises to $562. At the 90th percentile, homeowners might pay as much as $1,110. The highest median tax bill recorded in the area is $271, which is relatively low compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances better. Lower tax rates in Jessieville can make homeownership more affordable, but it's essential to stay informed about potential changes in property valuations and tax rates.
Average Jessieville Tax Bill
$271
Average Garland County Tax Bill
$863
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Jessieville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71949 | $55 | $128 | $271 | $562 | $1,110 |
Source: Ownwell