Jacksonville, Arkansas Property Taxes
The median property tax rate in Jacksonville, AR is 0.90%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Jacksonville at $111,240, the typical annual property tax bill reaches $919, which is below the national median of $2,690. Property taxes in Jacksonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jacksonville'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 Jacksonville 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
Jacksonville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,001
Ownwell’s Jacksonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jacksonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacksonville 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 Jacksonville, Arkansas
Property taxes in Jacksonville, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacksonville is 0.57%, which is lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Jacksonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacksonville 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 Jacksonville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72117 zip code has the highest median property tax rate of 0.61%, while the 72120 zip code has the lowest median tax rate of 0.55%. Understanding how these cities compare with Jacksonville provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jacksonville Tax Rate
0.90%
Average Pulaski County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jacksonville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72023 | 1.06% | 1.06% | 1.06% | 1.07% | 1.07% |
| 72076 | 0.62% | 0.78% | 0.90% | 1.02% | 1.08% |
| 72078 | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Jacksonville, Arkansas
In Jacksonville, 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 Pulaski 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. Assessment notices in Jacksonville 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 Jacksonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Jacksonville is $919 in the 72076 zip code, while the lowest is $264 in the 72023 zip code.
Average Jacksonville Assessed Value
$111,240
Average Pulaski County Assessed Value
$148,242
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jacksonville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72023 | $24,674 | $24,725 | $24,810 | $24,895 | $24,946 |
| 72076 | $17,218 | $67,885 | $111,280 | $162,575 | $221,188 |
| 72078 | $6,305 | $6,305 | $6,305 | $6,305 | $6,305 |
Source: Ownwell
Property Tax Bills Across Jacksonville, Arkansas
Property tax bills in Jacksonville, Pulaski County, AR, are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in this region can expect varying tax bills depending on the value of their property and the local tax rate. For instance, the median home price in Jacksonville is $111,240. Tax bills can range significantly, with the 25th percentile bill at $516 and the 75th percentile reaching up to $1,440. The 90th percentile tax bill can be as high as $2,056. The highest median tax bill in the area is $919, found in the 72076 zip code, while the lowest is $264 in the 72023 zip code. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners should be aware that property taxes can significantly impact their annual expenses, and understanding how these taxes are calculated can help in better financial planning.
Average Jacksonville Tax Bill
$919
Average Pulaski County Tax Bill
$1,457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacksonville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72023 | $263 | $264 | $264 | $265 | $265 |
| 72076 | $140 | $516 | $919 | $1,440 | $2,056 |
| 72078 | $68 | $68 | $68 | $68 | $68 |
Source: Ownwell