Fisher, Arkansas Property Taxes
The median property tax rate in Fisher, AR is 0.94%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Fisher, the typical annual property tax bill is $385, significantly lower than the national median of $2,690. Property taxes in Fisher are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fisher's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fisher or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fisher, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$406
Ownwell’s Fisher Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fisher with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fisher to provide an accurate estimate of your property tax bill. This insightful tool helps you understand your potential tax liabilities with ease. For those interested in more granular details, localized information on neighborhood trends is available further down the page. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Fisher, Arkansas
Property taxes in Fisher, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fisher is 0.94%, which is below the U.S. national median of 0.99%. Local government entities within Fisher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fisher 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 Fisher's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72429 zip code has both the highest and lowest median property tax rate of 0.94%. Understanding how these areas compare with Fisher provides valuable insights into the varying tax landscape across Poinsett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fisher Tax Rate
0.94%
Average Poinsett County Tax Rate
0.79%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fisher, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72429 | 0.70% | 0.91% | 0.94% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Fisher, Arkansas
In Fisher, 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 Poinsett County Assessor 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 Fisher, 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 Fisher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 72429 has the highest and lowest median tax bill at $385.
Average Fisher Assessed Value
$43,175
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 Fisher, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72429 | $11,960 | $21,675 | $43,175 | $79,650 | $176,550 |
Source: Ownwell
Property Tax Bills Across Fisher, Arkansas
In Fisher, located in Poinsett County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $43,175, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is around $219, while at the 75th percentile, it rises to approximately $689, and at the 90th percentile, it can reach up to $1,591. These tax bills impact homeowners by influencing their overall housing costs. In comparison to the national median property tax rate of 0.99%, the rates in Fisher can be considered relatively moderate. Understanding these factors helps homeowners budget effectively and anticipate their annual financial obligations related to property ownership. Whether you are a new buyer or an existing homeowner, being aware of how these taxes are calculated is crucial for financial planning.
Average Fisher Tax Bill
$385
Average Poinsett County Tax Bill
$472
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Fisher, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72429 | $110 | $219 | $385 | $689 | $1,591 |
Source: Ownwell