St Joe, Arkansas Property Taxes
The median property tax rate in St Joe, AR is 0.89%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in St Joe at $25,250, the typical annual property tax bill amounts to $225, which is significantly lower than the national median of $2,690. Property taxes in St Joe are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding St Joe'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 St Joe 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
St Joe, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$225
$209
Ownwell’s St Joe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in St Joe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in St Joe 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 St Joe, Arkansas
Property taxes in St. Joe, Arkansas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in St. Joe is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within St. Joe set these rates annually, and they can vary significantly across different neighborhoods. Each year, St. Joe 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 St. Joe's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72675 zip code has the highest median property tax rate of 0.89%, while the 72675 zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with St. Joe 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 St Joe Tax Rate
0.89%
Average Marion County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across St Joe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72675 | 0.88% | 0.89% | 0.89% | 0.90% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across St Joe, Arkansas
In St Joe, 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 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 St Joe, 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. The median home price in St Joe is $25,250, with tax bills ranging from $204 at the 25th percentile to $259 at the 90th percentile. The zip code 72675 has both the highest and lowest median tax bills at $225. By understanding 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 St Joe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average St Joe Assessed Value
$25,250
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 St Joe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72675 | $21,130 | $22,675 | $25,250 | $27,825 | $29,370 |
Source: Ownwell
Property Tax Bills Across St Joe, Arkansas
In St. Joe, property tax bills are determined by assessing the value of a property and applying the local tax rate set by Marion County. The assessed value is a percentage of the market value of the home, which in St. Joe, stands at a median of $25,250. Homeowners receive a tax bill based on this assessed value and the applicable tax rate. For instance, the median property tax bill in the area is $225, which is significantly lower than the national median property tax rate of 0.99%. Several factors play a role in calculating the property tax bill, including the property's location, size, and improvements. The tax bills can vary, with the 25th percentile paying around $204 and the 90th percentile paying up to $259. These taxes are crucial for funding local services, such as schools and public safety, directly impacting the community's quality of life. Homeowners in St. Joe benefit from relatively low property tax bills, making it a more affordable place to live compared to other regions.
Average St Joe Tax Bill
$225
Average Marion County Tax Bill
$708
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across St Joe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72675 | $191 | $204 | $225 | $246 | $259 |
Source: Ownwell