Poinsett County Property Taxes
The median property tax rate in Poinsett County is 0.79%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Poinsett County at $65,250, the typical annual property tax bill is about $472, significantly less than the national median of $2,690. Property taxes in Poinsett County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Poinsett County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Harrisburg or another part of Poinsett County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Poinsett County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$515
Ownwell’s Poinsett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Poinsett with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Poinsett to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Poinsett County, Arkansas
Property taxes in Poinsett County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Poinsett County is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Poinsett County set these rates annually, and they can vary significantly between different areas within the county. Each year, Poinsett County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Fisher has one of the higher property tax rates in the region at 0.94%, while the city of Cash boasts one of the lowest at 0.73%. Analyzing how Poinsett County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Poinsett County Tax Rate
0.79%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poinsett County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caraway | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
| Cash | 0.55% | 0.67% | 0.73% | 0.84% | 0.84% |
| Cherry Valley | 0.47% | 0.62% | 0.74% | 0.92% | 0.92% |
| Fisher | 0.70% | 0.91% | 0.94% | 1.01% | 1.01% |
| Harrisburg | 0.52% | 0.64% | 0.79% | 0.94% | 0.94% |
| Hickory Ridge | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
| Lepanto | 0.49% | 0.64% | 0.82% | 0.86% | 0.86% |
| Marked Tree | 0.58% | 0.72% | 0.86% | 0.98% | 0.98% |
| Rivervale | 0.82% | 0.82% | 0.82% | 0.82% | 0.90% |
| Trumann | 0.53% | 0.63% | 0.75% | 0.89% | 0.97% |
| Tyronza | 0.58% | 0.71% | 0.82% | 0.91% | 0.93% |
| Waldenburg | 0.65% | 0.68% | 0.94% | 1.00% | 1.00% |
| Weiner | 0.61% | 0.70% | 0.83% | 0.94% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Poinsett County, Arkansas
In Poinsett County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Poinsett County Appraisal District. The assessed value, however, 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. Assessment notices in Poinsett County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Hickory Ridge has the highest median tax bill at $794, while Rivervale has the lowest at $141. Being aware of these valuation processes in Poinsett County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Poinsett County Assessed Value
$65,250
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poinsett County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caraway | $37,490 | $37,700 | $38,050 | $68,225 | $86,330 |
| Cash | $7,605 | $22,538 | $57,775 | $101,338 | $158,990 |
| Cherry Valley | $11,860 | $27,212 | $66,325 | $107,262 | $160,275 |
| Fisher | $11,960 | $21,675 | $43,175 | $79,650 | $176,550 |
| Harrisburg | $13,055 | $32,588 | $68,600 | $124,062 | $202,840 |
| Hickory Ridge | $81,920 | $82,925 | $84,600 | $86,275 | $87,280 |
| Lepanto | $11,025 | $25,712 | $49,125 | $72,300 | $109,225 |
| Marked Tree | $11,950 | $28,450 | $55,400 | $87,600 | $137,680 |
| Rivervale | $9,300 | $12,300 | $17,125 | $21,425 | $40,600 |
| Trumann | $16,720 | $39,250 | $76,700 | $134,450 | $200,840 |
| Tyronza | $13,985 | $25,150 | $51,475 | $86,138 | $142,750 |
| Waldenburg | $10,230 | $25,250 | $59,000 | $87,950 | $142,970 |
| Weiner | $17,900 | $35,350 | $68,250 | $134,800 | $239,530 |
Source: Ownwell
Property Tax Bills Across Poinsett County, Arkansas
In Poinsett 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 county uses this assessed value to determine the tax bill by applying the local tax rate. Various factors influence the property tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, Hickory Ridge has the highest median tax bill at $794, while Rivervale has the lowest at $141. The median home price in Poinsett County is $65,250, and the tax bill can vary significantly. Homeowners in the 25th percentile pay around $241, while those in the 75th percentile pay about $855. At the 90th percentile, the tax bill can reach up to $1,469. These variations highlight the impact of property value and location on the overall tax burden for homeowners, making it crucial for them to understand how these factors contribute to their annual property tax expenses.
Average Poinsett County Tax Bill
$472
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Poinsett County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caraway | $308 | $310 | $313 | $561 | $710 |
| Cash | $58 | $180 | $405 | $716 | $1,112 |
| Cherry Valley | $109 | $204 | $354 | $769 | $972 |
| Fisher | $110 | $219 | $385 | $689 | $1,591 |
| Harrisburg | $110 | $239 | $504 | $873 | $1,516 |
| Hickory Ridge | $768 | $778 | $794 | $809 | $819 |
| Lepanto | $93 | $197 | $326 | $489 | $781 |
| Marked Tree | $103 | $226 | $414 | $686 | $1,192 |
| Rivervale | $76 | $101 | $141 | $176 | $379 |
| Trumann | $127 | $266 | $541 | $977 | $1,559 |
| Tyronza | $116 | $222 | $386 | $618 | $1,000 |
| Waldenburg | $102 | $214 | $441 | $719 | $1,082 |
| Weiner | $160 | $275 | $550 | $1,090 | $1,989 |
Source: Ownwell