Alleene, Arkansas Property Taxes
The median property tax rate in Alleene, AR is 0.84%, aligning with the state median but still below the national median of 0.99%. With a median home value of $29,750 in Alleene, the typical annual property tax bill amounts to $147, significantly lower than the national median of $2,690. Property taxes in Alleene 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 Alleene'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 Alleene or another part of Little River County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alleene, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$250
Ownwell’s Alleene Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alleene with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alleene 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 Alleene, Arkansas
Property taxes in Alleene, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alleene is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Alleene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alleene 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 Alleene's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71820 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Alleene provides valuable insights into the varying tax landscape across Little River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alleene Tax Rate
0.84%
Average Little River County Tax Rate
0.55%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alleene, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71820 | 0.13% | 0.37% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Alleene, Arkansas
In Alleene, 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 Little River 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 Alleene, 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 Alleene helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 71820 has the highest median tax bill of $147.00, which is also the lowest median tax bill in the area.
Average Alleene Assessed Value
$29,750
Average Little River County Assessed Value
$68,475
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alleene, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71820 | $7,480 | $16,800 | $29,750 | $54,250 | $79,250 |
Source: Ownwell
Property Tax Bills Across Alleene, Arkansas
In Alleene, located in Little River County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Alleene can expect varying tax bills depending on their property's assessed value and the local tax rate. For instance, the median home price in Alleene is $29,750, leading to a median property tax bill of $147. This is significantly lower than the national median property tax rate of 0.99%. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Alleene may find their tax bills ranging from the 25th percentile at $84 to the 90th percentile at $430. These variations reflect differences in property values and any exemptions that may apply. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan their finances accordingly.
Average Alleene Tax Bill
$147
Average Little River County Tax Bill
$326
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Alleene, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71820 | $39 | $84 | $147 | $291 | $430 |
Source: Ownwell