Antoine, Arkansas Property Taxes
The median property tax rate in Antoine, AR is 0.94%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $34,575 in Antoine, the typical annual property tax bill is $327, which is significantly below the national median of $2,690. Property taxes in Antoine are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Antoine'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 Antoine or another part of Pike County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Antoine, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$325
Ownwell’s Antoine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Antoine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Antoine 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 Antoine, Arkansas
Property taxes in Antoine, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Antoine is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Antoine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Antoine 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 Antoine's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71922 has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with Antoine provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Antoine Tax Rate
0.94%
Average Pike County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Antoine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71922 | 0.70% | 0.83% | 0.94% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Antoine, Arkansas
In Antoine, 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 Pike 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 Antoine, 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. For example, the median home price in Antoine is $34,575, with tax bills ranging from $198 at the 25th percentile to $970 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 71922, with a median tax bill of $327. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Antoine Assessed Value
$34,575
Average Pike County Assessed Value
$63,750
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Antoine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71922 | $4,620 | $19,350 | $34,575 | $63,212 | $101,455 |
Source: Ownwell
Property Tax Bills Across Antoine, Arkansas
In Antoine, located in Pike County, AR, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Factors such as property size, location, and improvements can influence this valuation. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Antoine, the property tax bill can vary significantly. The median home price in the area is $34,575. The tax bill for the 25th percentile is around $198, while it rises to $639 at the 75th percentile and can reach up to $970 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Antoine's rates are relatively modest, providing some financial relief to homeowners. However, understanding these factors and how they impact the tax bill is crucial for effective financial planning and property management.
Average Antoine Tax Bill
$327
Average Pike County Tax Bill
$523
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Antoine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71922 | $85 | $198 | $327 | $639 | $970 |
Source: Ownwell