New Blaine, Arkansas Property Taxes
The median property tax rate in New Blaine, AR is 0.92%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $71,675 in New Blaine, the typical annual property tax bill amounts to $586, which is significantly lower than the national median of $2,690. Property taxes in New Blaine are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding New Blaine'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 New Blaine or elsewhere in the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Blaine, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s New Blaine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Blaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Blaine 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 New Blaine, Arkansas
Property taxes in New Blaine, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Blaine is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within New Blaine set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Blaine 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 New Blaine's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72851 has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with New Blaine provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Blaine Tax Rate
0.92%
Average Logan County Tax Rate
0.92%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Blaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72851 | 0.61% | 0.84% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across New Blaine, Arkansas
In New Blaine, 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 Logan 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. 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 New Blaine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $71,675, with the highest and lowest median tax bills both at $586 in the 72851 zip code.
Average New Blaine Assessed Value
$71,675
Average Logan County Assessed Value
$67,850
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Blaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72851 | $16,100 | $36,925 | $71,675 | $126,962 | $183,685 |
Source: Ownwell
Property Tax Bills Across New Blaine, Arkansas
In New Blaine, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, the median home price in New Blaine is $71,675. The tax bill is then determined by applying the local property tax rate to this assessed value. Factors such as property location, improvements, and exemptions can influence the final tax amount. Homeowners in New Blaine can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $311, while the 75th percentile tax bill reaches $1,018, and the 90th percentile tax bill can be as high as $1,648. The highest and lowest median tax bills in the region are both $586, indicating some level of consistency within specific areas. Compared to the national median property tax rate of 0.99%, New Blaine's property taxes can be considered relatively manageable, but the actual impact on homeowners will depend on individual property values and specific local factors.
Average New Blaine Tax Bill
$586
Average Logan County Tax Bill
$602
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across New Blaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72851 | $147 | $311 | $586 | $1,018 | $1,648 |
Source: Ownwell