Waldenburg, Arkansas Property Taxes
The median property tax rate in Waldenburg, AR is 0.94%, slightly below the national median of 0.99% but above the Arkansas state median of 0.84%. With a median home value of $59,000 in Waldenburg, the typical annual property tax bill is approximately $441, significantly lower than the national median of $2,690. Property taxes in Waldenburg are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Waldenburg'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 Waldenburg 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
Waldenburg, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$555
$515
Ownwell’s Waldenburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waldenburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waldenburg 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 Waldenburg, Arkansas
Property taxes in Waldenburg, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waldenburg is 0.62%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Waldenburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waldenburg 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 Waldenburg's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72475 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Waldenburg 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 Waldenburg 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 Waldenburg, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72475 | 0.65% | 0.68% | 0.94% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Waldenburg, Arkansas
In Waldenburg, 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 Waldenburg, 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 Waldenburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $441.00 in the 72475 zip code.
Average Waldenburg Assessed Value
$59,000
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 Waldenburg, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72475 | $10,230 | $25,250 | $59,000 | $87,950 | $142,970 |
Source: Ownwell
Property Tax Bills Across Waldenburg, Arkansas
In Waldenburg, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value represents a percentage of the property's market value. Various factors, including property size, location, and market conditions, influence this value. Homeowners in Waldenburg can expect property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $214, while at the 75th percentile, it rises to $719. At the 90th percentile, it reaches $1082. These variations reflect differences in property values and the corresponding assessed amounts. With a median home price of $59,000, the tax rate in Waldenburg is relatively low compared to the national median property tax rate of 0.99%. This means homeowners in Waldenburg generally face lower property tax bills, which can be beneficial for budgeting and long-term financial planning. However, it's essential for homeowners to stay informed about their property's assessed value and any changes in local tax rates to manage their expenses effectively.
Average Waldenburg Tax Bill
$441
Average Poinsett County Tax Bill
$472
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Waldenburg, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72475 | $102 | $214 | $441 | $719 | $1,082 |
Source: Ownwell