Delight, Arkansas Property Taxes
The median property tax rate in Delight, AR is 0.77%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $54,200 in Delight, the typical annual property tax bill amounts to $440, significantly below the national median of $2,690. Property taxes in Delight are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Delight's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in Delight or another area within Pike County, gaining insight into the local property tax system can provide considerable financial benefits.
Last Updated June 14, 2024
Delight, 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 Delight Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delight with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delight 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 Delight, Arkansas
Property taxes in Delight, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delight is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Delight set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delight 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 Delight's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71940 has both the highest and lowest median property tax rate of 0.77%. Understanding how these cities compare with Delight 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 Delight Tax Rate
0.77%
Average Pike County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delight, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71940 | 0.55% | 0.67% | 0.77% | 0.89% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Delight, Arkansas
In Delight, 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 Delight, 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 Delight 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 in Delight is 71940, with a median tax bill of $440.
Average Delight Assessed Value
$54,200
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 Delight, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71940 | $4,955 | $22,625 | $54,200 | $106,725 | $173,545 |
Source: Ownwell
Property Tax Bills Across Delight, Arkansas
In Delight, located in Pike County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Delight is $54,200. Property taxes are then applied to this assessed value using the local tax rate. For instance, homeowners in the 25th percentile can expect a tax bill around $213, while those in the 75th percentile might see bills closer to $767. At the 90th percentile, tax bills can reach up to $1,224. The highest and lowest median tax bills in the area both stand at $440, specifically in the 71940 zip code. These taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, understanding these factors is crucial as property taxes represent a significant annual expense. Comparing these figures to the national median property tax rate of 0.99% provides context to how Delight's tax rates impact its residents.
Average Delight Tax Bill
$440
Average Pike County Tax Bill
$523
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Delight, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71940 | $81 | $213 | $440 | $767 | $1,224 |
Source: Ownwell