Des Arc, Arkansas Property Taxes
The median property tax rate in Des Arc, AR is 0.82%, 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 $49,650 in Des Arc, the typical annual property tax bill amounts to $335, significantly less than the national median of $2,690. Property taxes in Des Arc are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Des Arc'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 Des Arc or another part of Prairie County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Des Arc, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$407
Ownwell’s Des Arc Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Des Arc with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Des Arc 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 Des Arc, Arkansas
Property taxes in Des Arc, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Des Arc is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Des Arc set these rates annually, and they can vary significantly across different neighborhoods. Each year, Des Arc 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 Des Arc's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72040 has the highest median property tax rate of 0.82%, while the lowest median tax rate is also 0.82%. Understanding how these cities compare with Des Arc provides valuable insights into the varying tax landscape across Prairie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Des Arc Tax Rate
0.82%
Average Prairie County Tax Rate
0.88%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Des Arc, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72040 | 0.16% | 0.39% | 0.82% | 0.92% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Des Arc, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Des Arc, Arkansas. 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 Prairie 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 Des Arc, 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. The median home price in Des Arc is $49,650, with the 25th percentile tax bill at $155 and the 75th percentile at $648. The highest and lowest median tax bills are both $335 in the 72040 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Des Arc Assessed Value
$49,650
Average Prairie County Assessed Value
$51,500
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Des Arc, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72040 | $13,235 | $26,925 | $49,650 | $87,238 | $133,415 |
Source: Ownwell
Property Tax Bills Across Des Arc, Arkansas
In Des Arc, Prairie 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 Des Arc typically see their property assessed at 20% 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 $49,650, the assessed value would be $9,930. The tax rate is applied to this assessed value to calculate the final tax bill. Factors such as property location, home improvements, and changes in the local tax rate can influence the assessed value and, consequently, the tax bill. In Des Arc, the 25th percentile tax bill is $155, while the 75th percentile tax bill reaches $648, and the 90th percentile tax bill is as high as $1,099. Compared to the national median property tax rate of 0.99%, homeowners in Des Arc benefit from relatively lower tax bills, making it an attractive area for property investment.
Average Des Arc Tax Bill
$335
Average Prairie County Tax Bill
$335
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Des Arc, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72040 | $59 | $155 | $335 | $648 | $1,099 |
Source: Ownwell