Clarksville, Arkansas Property Taxes
The median property tax rate in Clarksville, AR is 0.75%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Clarksville at $90,050, the typical annual property tax bill amounts to $634, significantly below the national median of $2,690. Property taxes in Clarksville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Clarksville'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 Clarksville 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
Clarksville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$675
Ownwell’s Clarksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksville 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 Clarksville, Arkansas
Property taxes in Clarksville, Arkansas, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Clarksville is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Clarksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksville 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 Clarksville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72830 has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Clarksville provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksville Tax Rate
0.75%
Average Johnson County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72830 | 0.28% | 0.52% | 0.75% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Clarksville, Arkansas
In Clarksville, 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 local 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 Clarksville, 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 Clarksville is $90,050, and the median tax bill can range from $330 at the 25th percentile to $1,511 at the 90th percentile. The zip code with the highest and lowest median tax bill is 72830, at $634. Being aware of these valuation processes in Clarksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clarksville Assessed Value
$90,050
Average Johnson County Assessed Value
$80,100
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72830 | $27,490 | $54,700 | $90,050 | $132,450 | $190,390 |
Source: Ownwell
Property Tax Bills Across Clarksville, Arkansas
In Clarksville, Johnson 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 Clarksville is $90,050. Local tax authorities assess properties to determine their taxable value, and tax rates are applied to this assessed value to generate the tax bill. Factors considered in the assessment include property characteristics, recent sales data, and improvements made to the property. For homeowners in Clarksville, property taxes can vary significantly. The 25th percentile tax bill is around $330, while the 75th percentile reaches $1,038, and the 90th percentile goes up to $1,511. The median tax bill in the area is $634, which is below the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life in the community. Understanding how these taxes are calculated can help homeowners better manage their finances and anticipate future expenses.
Average Clarksville Tax Bill
$634
Average Johnson County Tax Bill
$542
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72830 | $112 | $330 | $634 | $1,038 | $1,511 |
Source: Ownwell