Delaplaine, Arkansas Property Taxes
The median property tax rate in Delaplaine, AR is 0.78%, 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 $33,950 in Delaplaine, the typical annual property tax bill amounts to $279, significantly below the national median of $2,690. Property taxes in Delaplaine are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Delaplaine'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 Delaplaine or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delaplaine, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$265
Ownwell’s Delaplaine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delaplaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delaplaine 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 Delaplaine, Arkansas
Property taxes in Delaplaine, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delaplaine is 0.78%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Delaplaine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delaplaine 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 Delaplaine's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72425 has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with Delaplaine provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delaplaine Tax Rate
0.78%
Average Randolph County Tax Rate
0.59%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delaplaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72425 | 0.30% | 0.72% | 0.78% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Delaplaine, Arkansas
In Delaplaine, 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 Randolph 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. In Delaplaine, 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 Delaplaine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Delaplaine is $33,950, with tax bills ranging from $116 at the 25th percentile to $927 at the 90th percentile. The zip code 72425 has the highest median tax bill of $279.
Average Delaplaine Assessed Value
$33,950
Average Randolph County Assessed Value
$65,900
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delaplaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72425 | $8,385 | $24,200 | $33,950 | $50,950 | $99,385 |
Source: Ownwell
Property Tax Bills Across Delaplaine, Arkansas
In Delaplaine, Randolph County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Delaplaine is $33,950. Property taxes are determined by multiplying the assessed value by the local tax rate. Factors such as location, property size, and improvements can influence the assessed value. For instance, the tax bill at the 25th percentile is $116, while at the 75th percentile, it reaches $462. At the 90th percentile, it can be as high as $927. The highest median tax bill in the area is $279, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting homeowners by contributing to the overall quality of life in the area. Lower property taxes can be beneficial for homeowners, making Delaplaine an attractive place to live.
Average Delaplaine Tax Bill
$279
Average Randolph County Tax Bill
$338
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Delaplaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72425 | $37 | $116 | $279 | $462 | $927 |
Source: Ownwell