Beedeville, Arkansas Property Taxes
The median property tax rate in Beedeville, AR is 1.02%, slightly higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Beedeville at $23,150, the typical annual property tax bill reaches $161, which is significantly lower than the national median of $2,690. Property taxes in Beedeville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Beedeville'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 Beedeville 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
Beedeville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$236
Ownwell’s Beedeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beedeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beedeville 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 Beedeville, Arkansas
Property taxes in Beedeville, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beedeville is 1.02%, higher than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Beedeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beedeville 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. Understanding how these cities compare with Beedeville provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas. For comparison, the zip code 72014 has both the highest and lowest median property tax rate of 1.02%. This consistency in tax rates within the region highlights the uniformity in property tax assessments across Beedeville, offering homeowners a stable and predictable tax environment.
Average Beedeville Tax Rate
1.02%
Average Jackson County Tax Rate
0.90%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beedeville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72014 | 0.47% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Beedeville, Arkansas
In Beedeville, 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 Jackson 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 Beedeville, 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 Beedeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Beedeville is $23,150, with the median tax bill at the 75th percentile being $288.
Average Beedeville Assessed Value
$23,150
Average Jackson County Assessed Value
$45,225
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beedeville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72014 | $5,200 | $14,100 | $23,150 | $31,750 | $40,600 |
Source: Ownwell
Property Tax Bills Across Beedeville, Arkansas
In Beedeville, 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 Beedeville is $23,150, significantly lower than the national average. Property taxes here are relatively modest, with the median tax bill standing at $161 annually. Factors influencing the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial. For example, the tax bill at the 25th percentile is $57, while at the 75th percentile, it rises to $288, and at the 90th percentile, it reaches $423. These variations can significantly impact household budgets, especially in a community where property values are lower. By knowing how property tax bills are determined, homeowners can better anticipate their annual expenses and plan accordingly. This awareness is essential for financial planning and ensuring that property taxes do not become an unexpected burden.
Average Beedeville Tax Bill
$161
Average Jackson County Tax Bill
$308
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Beedeville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72014 | $27 | $57 | $161 | $288 | $423 |
Source: Ownwell