Lonsdale, Arkansas Property Taxes
The median property tax rate in Lonsdale, AR is 0.73%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Lonsdale, the typical annual property tax bill is $616, significantly below the national median of $2,690. Property taxes in Lonsdale are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Lonsdale'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 Lonsdale 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
Lonsdale, 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 Lonsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lonsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lonsdale 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 Lonsdale, Arkansas
Property taxes in Lonsdale, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lonsdale is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Lonsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lonsdale 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 Lonsdale's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72087 has both the highest and lowest median property tax rate of 0.73%, highlighting the uniformity of tax rates within this region. Understanding how these cities compare with Lonsdale provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lonsdale Tax Rate
0.73%
Average Saline County Tax Rate
0.83%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lonsdale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72087 | 0.53% | 0.62% | 0.73% | 0.89% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Lonsdale, Arkansas
In Lonsdale, 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 Saline 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 Lonsdale, 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. For instance, the highest median tax bill in Lonsdale is $616 in the 72087 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 Lonsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lonsdale Assessed Value
$91,145
Average Saline County Assessed Value
$164,560
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lonsdale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72087 | $16,351 | $38,048 | $91,145 | $171,112 | $282,514 |
Source: Ownwell
Property Tax Bills Across Lonsdale, Arkansas
Property tax bills in Lonsdale, Saline County, AR, are calculated based on the assessed value of a property, which is typically a percentage of its market value. For homeowners in Lonsdale, the median home price is $91,145. The local property tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the final tax amount, including property characteristics, location, and any applicable exemptions or deductions. For instance, tax bills in Lonsdale can range significantly. The 25th percentile tax bill is around $267, while the 75th percentile reaches approximately $1,232. At the higher end, the 90th percentile tax bill can be as much as $1,816. These variations highlight how individual property values and assessments impact the taxes owed by homeowners. Compared to the national median property tax rate of 0.99%, Lonsdale's property tax rate offers a relatively affordable option for homeowners, making it an attractive location for those looking to manage their annual property tax expenses effectively.
Average Lonsdale Tax Bill
$616
Average Saline County Tax Bill
$1,361
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Lonsdale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72087 | $110 | $267 | $616 | $1,232 | $1,816 |
Source: Ownwell