Hattieville, Arkansas Property Taxes
The median property tax rate in Hattieville, Arkansas is 0.81%, 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 Hattieville, the typical annual property tax bill reaches $531, significantly less than the national median of $2,690. Property taxes in Hattieville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hattieville'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 Hattieville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hattieville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$529
Ownwell’s Hattieville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hattieville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hattieville 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 Hattieville, Arkansas
Property taxes in Hattieville, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hattieville is 0.48%, which is significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Hattieville set these rates annually, and they can vary across different neighborhoods. Each year, Hattieville 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 Hattieville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72063 has the highest median property tax rate of 0.48%, while the same zip code 72063 also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Hattieville provides valuable insights into the varying tax landscape across Pope County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hattieville Tax Rate
0.81%
Average Pope County Tax Rate
0.92%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hattieville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72063 | 0.60% | 0.72% | 0.81% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Hattieville, Arkansas
In Hattieville, 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 Pope 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 Hattieville, 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. The median home price in Hattieville is $65,250, with tax bills ranging from $187 at the 25th percentile to $1,603 at the 90th percentile. The highest and lowest median tax bill is $531 in zip code 72063. 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 Hattieville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hattieville Assessed Value
$65,250
Average Pope County Assessed Value
$105,400
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hattieville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72063 | $19,140 | $27,750 | $65,250 | $158,325 | $208,580 |
Source: Ownwell
Property Tax Bills Across Hattieville, Arkansas
In Hattieville, located in Pope County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Hattieville experience a range of property tax bills, with the 25th percentile at $187 and the 75th percentile reaching $1,166. The median home price in the area is $65,250, and the highest median tax bill in the region is $531.00, found in the 72063 zip code. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. These elements combine to determine the final tax amount owed by homeowners. Compared to the national median property tax rate of 0.99%, Hattieville's rates reflect local economic conditions and funding needs for public services. For homeowners, understanding these factors is crucial for financial planning and managing annual expenses related to property ownership.
Average Hattieville Tax Bill
$531
Average Pope County Tax Bill
$927
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Hattieville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72063 | $139 | $187 | $531 | $1,166 | $1,603 |
Source: Ownwell