Keiser, Arkansas Property Taxes
The median property tax rate in Keiser, Arkansas is 0.85%, slightly higher than the state median of 0.84% but below the national median of 0.99%. With a median home value of $63,265, the typical annual property tax bill in Keiser is $511, significantly lower than the national median of $2,690. Property taxes in Keiser are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Keiser'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 Keiser or another part of Mississippi County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keiser, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$538
Ownwell’s Keiser Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keiser with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keiser 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 Keiser, Arkansas
Property taxes in Keiser, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keiser is 0.85%, slightly lower than the U.S. national median of 0.99%. Local government entities within Keiser set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keiser 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 Keiser's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72351 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Keiser provides valuable insights into the varying tax landscape across Mississippi County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keiser Tax Rate
0.85%
Average Mississippi County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keiser, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72351 | 0.52% | 0.72% | 0.85% | 0.93% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Keiser, Arkansas
In Keiser, 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 Mississippi 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 Keiser, 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 Keiser helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Keiser is $63,265, with tax bills ranging from $356 at the 25th percentile to $1,035 at the 90th percentile. The highest and lowest median tax bills are both $511 in the 72351 zip code.
Average Keiser Assessed Value
$63,265
Average Mississippi County Assessed Value
$66,110
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keiser, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72351 | $29,611 | $51,792 | $63,265 | $88,662 | $127,690 |
Source: Ownwell
Property Tax Bills Across Keiser, Arkansas
In Keiser, located in Mississippi County, AR, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the market value, which is determined by the county assessor. Various factors such as property size, location, and condition are considered in this valuation. Once the assessed value is established, the local tax rate is applied to determine the actual tax bill. In Keiser, homeowners can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $356, while those in the 75th percentile pay approximately $698. At the 90th percentile, homeowners face a tax bill of about $1,035. These tax bills directly impact homeowners by influencing their annual housing costs. Compared to the national median property tax rate of 0.99%, Keiser's rates can be seen as relatively moderate, providing some relief to its residents. However, understanding these variables is crucial for homeowners to manage their financial planning effectively.
Average Keiser Tax Bill
$511
Average Mississippi County Tax Bill
$527
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Keiser, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72351 | $214 | $356 | $511 | $698 | $1,035 |
Source: Ownwell