Everton, Arkansas Property Taxes
The median property tax rate in Everton, AR is 0.78%, 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 Everton at $86,400, the typical annual property tax bill amounts to $656, significantly below the national median of $2,690. Property taxes in Everton 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 Everton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Everton or another part of Marion County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Everton, 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 Everton Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers aiming to estimate their annual property taxes in Everton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in the area to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more granular data, our trends page offers detailed insights at the neighborhood level. Your property’s assessed value, determined by the county, is crucial for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Everton, Arkansas
Property taxes in Everton, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Everton is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Everton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Everton 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 Everton's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72633 has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with Everton provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Everton Tax Rate
0.78%
Average Marion County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Everton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72633 | 0.51% | 0.69% | 0.78% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Everton, Arkansas
In Everton, 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 Marion 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 Everton, 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 Everton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 72633, with a median tax bill of $656.00, which is significantly lower than the national median property tax rate of 0.99%.
Average Everton Assessed Value
$86,400
Average Marion County Assessed Value
$88,850
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Everton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72633 | $23,840 | $49,400 | $86,400 | $128,200 | $198,600 |
Source: Ownwell
Property Tax Bills Across Everton, Arkansas
In Everton, Marion 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 Everton is $86,400. The local property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and any applicable exemptions also play a role in the final tax amount. Homeowners in Everton can expect a wide range of tax bills. At the 25th percentile, the tax bill is around $366, while at the 75th percentile, it rises to about $1,021. For those in the 90th percentile, the tax bill can be as high as $1,531. These variations highlight the impact of property value and other factors on tax liabilities. Compared to the national median property tax rate of 0.99%, homeowners in Everton may find their tax bills to be relatively moderate, making it important for them to understand the local factors that influence their property taxes.
Average Everton Tax Bill
$656
Average Marion County Tax Bill
$708
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Everton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72633 | $154 | $366 | $656 | $1,021 | $1,531 |
Source: Ownwell