Woodson, Arkansas Property Taxes
The median property tax rate in Woodson, AR is 0.70%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value in Woodson of $32,255, the typical annual property tax bill amounts to $218, significantly below the national median of $2,690. Property taxes in Woodson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Woodson'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 Woodson or elsewhere in the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Woodson, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Woodson Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Woodson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodson to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by Pulaski County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Woodson, Arkansas
Property taxes in Woodson, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodson is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Woodson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodson 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 Woodson's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72180 has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Woodson 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 Woodson Tax Rate
0.70%
Average Pulaski County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72180 | 0.49% | 0.61% | 0.70% | 0.90% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Woodson, Arkansas
In Woodson, 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 Woodson, 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 highest median tax bill in Woodson is $218.00 in the 72180 zip code, while the lowest median tax bill is also $218.00 in the same zip code. 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 Woodson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Woodson Assessed Value
$32,255
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 Woodson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72180 | $4,172 | $9,340 | $32,255 | $67,676 | $108,622 |
Source: Ownwell
Property Tax Bills Across Woodson, Arkansas
In Woodson, Pulaski County, AR, property tax bills are calculated based on the assessed value of a home, typically a fraction of its market value. Homeowners in Woodson can expect their property tax bills to be influenced by several factors, including the assessed value of their property, the local tax rate, and applicable exemptions. The median home price in Woodson is $32,255, and the property tax rate in Pulaski County aligns closely with the national median property tax rate of 0.99%. The range of property tax bills in Woodson varies significantly, with the 25th percentile at $76 and the 75th percentile reaching $493. For those at the higher end, the 90th percentile tax bill can be as much as $854. This variation means that while some homeowners pay relatively modest amounts, others may face more substantial tax obligations. Understanding these factors can help homeowners anticipate their property tax bills and plan accordingly.
Average Woodson Tax Bill
$218
Average Pulaski County Tax Bill
$1,457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72180 | $24 | $76 | $218 | $493 | $854 |
Source: Ownwell