Mabelvale, Arkansas Property Taxes
The median property tax rate in Mabelvale, AR is 1.08%, higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Mabelvale at $123,980, the typical annual property tax bill reaches $1,293, which is below the national median of $2,690. Property taxes in Mabelvale are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mabelvale'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 Mabelvale or another part of Pulaski County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mabelvale, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,339
Ownwell’s Mabelvale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mabelvale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mabelvale 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 Mabelvale, Arkansas
Property taxes in Mabelvale, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mabelvale is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Mabelvale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mabelvale 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 Mabelvale's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72103 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these areas compare with Mabelvale 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 Mabelvale Tax Rate
1.08%
Average Pulaski County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mabelvale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72103 | 0.69% | 0.94% | 1.08% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Mabelvale, Arkansas
In Mabelvale, 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 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 Mabelvale, 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 Mabelvale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 72103 has the highest and lowest median tax bills at $1,293.
Average Mabelvale Assessed Value
$123,980
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 Mabelvale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72103 | $9,445 | $53,732 | $123,980 | $158,015 | $191,888 |
Source: Ownwell
Property Tax Bills Across Mabelvale, Arkansas
In Mabelvale, located in Pulaski County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Mabelvale is $123,980. The tax rate is applied to the assessed value to determine the annual tax bill. Homeowners in Mabelvale can expect their tax bills to vary significantly, with the 25th percentile at $522 and the 75th percentile reaching $1,656. The 90th percentile sees tax bills as high as $2,189. Several factors influence these tax bills, including the property's location, size, and condition. These taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Mabelvale's property taxes can be more manageable for homeowners. However, understanding how these taxes are calculated and what they fund can help homeowners better plan their finances and advocate for fair assessments.
Average Mabelvale Tax Bill
$1,293
Average Pulaski County Tax Bill
$1,457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Mabelvale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72103 | $113 | $522 | $1,293 | $1,656 | $2,189 |
Source: Ownwell