Pocahontas, Arkansas Property Taxes
The median property tax rate in Pocahontas, AR is 0.55%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Pocahontas at $77,625, the typical annual property tax bill is $402, well below the national median of $2,690. Property taxes in Pocahontas are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural land. Understanding Pocahontas'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 Pocahontas or another part of Randolph County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pocahontas, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$427
$396
Ownwell’s Pocahontas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pocahontas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pocahontas 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 Pocahontas, Arkansas
Property taxes in Pocahontas, Arkansas, play a crucial role in funding essential local services including public schools, road maintenance, and emergency services. The median tax rate in Pocahontas is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Pocahontas set these rates annually, and they can vary somewhat across different neighborhoods. Each year, Pocahontas 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 Pocahontas's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72455 has both the highest and lowest median property tax rate at 0.55%. Understanding how these areas compare with Pocahontas 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 Pocahontas Tax Rate
0.55%
Average Randolph County Tax Rate
0.59%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pocahontas, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72455 | 0.11% | 0.28% | 0.55% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Pocahontas, Arkansas
In Pocahontas, 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 Pocahontas, 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 Pocahontas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pocahontas is $77,625, with tax bills ranging from $189 at the 25th percentile to $1,147 at the 90th percentile. The zip code 72455 has the highest and lowest median tax bill of $402.00.
Average Pocahontas Assessed Value
$77,625
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 Pocahontas, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72455 | $28,270 | $48,700 | $77,625 | $126,475 | $191,930 |
Source: Ownwell
Property Tax Bills Across Pocahontas, Arkansas
In Pocahontas, located in Randolph County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. Homeowners in Pocahontas experience property tax bills that can vary significantly, with the 25th percentile at $189 and the 75th percentile reaching $710. The 90th percentile tax bill can go up to $1147, indicating that some homeowners may face higher costs depending on their property's assessed value. Several factors influence these tax bills, including local tax rates and the assessed value of the home. The highest median tax bill in the area is $402, which is significantly lower than the national median property tax rate of 0.99%. This relatively low property tax rate can make homeownership in Pocahontas more affordable compared to other regions. However, homeowners should be aware of the potential for variations in their tax bills based on changes in property values and local tax policies.
Average Pocahontas Tax Bill
$402
Average Randolph County Tax Bill
$338
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pocahontas, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72455 | $58 | $189 | $402 | $710 | $1,147 |
Source: Ownwell