Mabelvale, Arkansas Property Taxes
The median property tax rate in Mabelvale, AR is 0.74%, notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Mabelvale at $81,960, the typical annual property tax bill amounts to $557, significantly below the national median of $2,690. Property taxes in Mabelvale are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mabelvale'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 Mabelvale or another part of Saline County, grasping 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
0.74%
Estimate Property Tax Bill
$607
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 0.74%, which is lower 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 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Mabelvale 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 Mabelvale Tax Rate
0.74%
Average Saline County Tax Rate
0.83%
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 | 0.56% | 0.63% | 0.74% | 0.86% | 0.98% |
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 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 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. The median home price in Mabelvale is $81,960, with annual tax bills ranging from $249 at the 25th percentile to $1,552 at the 90th percentile. The zip code 72103 has both the highest and lowest median tax bill at $557. Being aware of these valuation processes in Mabelvale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mabelvale Assessed Value
$81,960
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 Mabelvale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72103 | $16,816 | $34,645 | $81,960 | $143,372 | $202,982 |
Source: Ownwell
Property Tax Bills Across Mabelvale, Arkansas
In Mabelvale, located in Saline County, AR, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The median home price in Mabelvale is $81,960. Property taxes in this region are relatively low compared to the national median property tax rate of 0.99%. For instance, the 25th percentile tax bill is around $249, while the 75th percentile tax bill is approximately $1,122. The highest median tax bill in Mabelvale is $557, which is significantly lower than many other regions in the country. These tax bills are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Mabelvale benefit from these lower tax rates, making homeownership more affordable. The impact on homeowners is generally positive, as lower property tax bills allow for more manageable monthly expenses and can contribute to an overall lower cost of living in the area.
Average Mabelvale Tax Bill
$557
Average Saline County Tax Bill
$1,361
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 | $124 | $249 | $557 | $1,122 | $1,552 |
Source: Ownwell