Dogpatch, Arkansas Property Taxes
The median property tax rate in Dogpatch, AR is 0.71%, lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Dogpatch at $63,575, the typical annual property tax bill is $433, which is significantly less than the national median of $2,690. Property taxes in Dogpatch are calculated based on the tax assessed value, which is often below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dogpatch'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 Dogpatch or another part of Newton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dogpatch, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$451
Ownwell’s Dogpatch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dogpatch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dogpatch 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 Dogpatch, Arkansas
Property taxes in Dogpatch, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dogpatch is 0.71%, lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Dogpatch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dogpatch 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 Dogpatch's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72648 zip code has both the highest and lowest median property tax rate of 0.71%. Understanding how these areas compare with Dogpatch provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dogpatch Tax Rate
0.71%
Average Newton County Tax Rate
0.71%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dogpatch, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72648 | 0.50% | 0.58% | 0.71% | 0.82% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Dogpatch, Arkansas
In Dogpatch, 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 Newton 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 Dogpatch, 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 Dogpatch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 72648 has the highest and lowest median tax bill, both at $433.
Average Dogpatch Assessed Value
$63,575
Average Newton County Assessed Value
$77,850
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dogpatch, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72648 | $19,155 | $31,462 | $63,575 | $147,875 | $254,120 |
Source: Ownwell
Property Tax Bills Across Dogpatch, Arkansas
In Dogpatch, located in Newton County, AR, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Dogpatch see a range of property tax bills, with the 25th percentile paying around $151, while those in the 75th percentile pay approximately $1,038. The highest median tax bill in the area is $433, which is relatively low compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For example, a median home price in Dogpatch is about $63,575, which directly impacts the overall tax bill. Homeowners benefit from understanding these factors as it helps them anticipate their financial obligations and potentially seek exemptions to lower their tax burden. The relatively low property tax bills in Dogpatch can make homeownership more affordable compared to other regions with higher rates.
Average Dogpatch Tax Bill
$433
Average Newton County Tax Bill
$525
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Dogpatch, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72648 | $121 | $151 | $433 | $1,038 | $1,650 |
Source: Ownwell