Jacksonport, Arkansas Property Taxes
The median property tax rate in Jacksonport, AR is 1.02%, slightly above both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Jacksonport, the typical annual property tax bill reaches $161, which is significantly lower than the national median of $2,690. Property taxes in Jacksonport 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 Jacksonport'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 Jacksonport 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
Jacksonport, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$184
$170
Ownwell’s Jacksonport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jacksonport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacksonport 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 Jacksonport, Arkansas
Property taxes in Jacksonport, Arkansas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacksonport is 1.02%, higher than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Jacksonport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacksonport 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 Jacksonport's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72075 zip code has the highest median property tax rate of 1.02%, while the same zip code has the lowest median tax rate of 1.02%. Understanding how these cities compare with Jacksonport 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.
Average Jacksonport 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 Jacksonport, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72075 | 0.58% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Jacksonport, Arkansas
In Jacksonport, 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 Jacksonport, 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 Jacksonport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Jacksonport are both $161.00, found in zip code 72075.
Average Jacksonport Assessed Value
$18,000
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 Jacksonport, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72075 | $5,140 | $11,900 | $18,000 | $28,450 | $37,430 |
Source: Ownwell
Property Tax Bills Across Jacksonport, Arkansas
In Jacksonport, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value, reflecting its worth in the current real estate market. Homeowners in Jacksonport experience property tax bills that vary widely, with the 25th percentile paying around $105 and the 75th percentile paying approximately $194. The 90th percentile sees bills as high as $282. These tax bills are influenced by several factors, including the home's location, size, and condition. The local tax rate, set by Jackson County, is applied to the assessed value to determine the final tax bill. This means that while the national median property tax rate stands at 0.99%, residents of Jacksonport may find their tax rates and bills differ based on local regulations and assessments. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual expenses and the overall affordability of owning a home in Jacksonport.
Average Jacksonport 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 Jacksonport, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72075 | $57 | $105 | $161 | $194 | $282 |
Source: Ownwell