Rogers, Arkansas Property Taxes
The median property tax rate in Rogers, AR is 0.80%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Rogers at $73,650, the typical annual property tax bill amounts to $468, significantly less than the national median of $2,690. Property taxes in Rogers are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Rogers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rogers or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rogers, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$589
$547
Ownwell’s Rogers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rogers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rogers 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 Rogers, Arkansas
Property taxes in Rogers, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rogers is 0.80%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Rogers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rogers 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 Rogers' effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72756 has both the highest and lowest median property tax rate of 0.80%, illustrating the uniformity within this region. Understanding how these cities compare with Rogers provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rogers Tax Rate
0.80%
Average Madison County Tax Rate
0.68%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rogers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72756 | 0.14% | 0.42% | 0.80% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Rogers, Arkansas
In Rogers, 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 Madison 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. In Rogers, 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 Rogers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Rogers is $468.00 in the 72756 zip code, while the lowest median tax bill is also $468.00 in the same zip code.
Average Rogers Assessed Value
$73,650
Average Madison County Assessed Value
$78,900
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rogers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72756 | $18,640 | $37,500 | $73,650 | $146,075 | $275,965 |
Source: Ownwell
Property Tax Bills Across Rogers, Arkansas
In Rogers, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of its market value. The median home price in Rogers stands at $73,650. The local property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Rogers experience a range of tax bills depending on their property's value. For instance, the 25th percentile tax bill is approximately $202, while those in the 75th percentile pay around $944. At the higher end, the 90th percentile tax bill reaches $1,929. Several factors influence these bills, including the property's location within Madison County, the assessed value, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Rogers offers relatively affordable property taxes. This affordability can significantly impact homeowners, making it easier to manage annual expenses and potentially increasing the attractiveness of the area for new residents.
Average Rogers Tax Bill
$468
Average Madison County Tax Bill
$463
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Rogers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72756 | $50 | $202 | $468 | $944 | $1,929 |
Source: Ownwell