Ash Flat, Arkansas Property Taxes
The median property tax rate in Ash Flat, AR is 0.59%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Ash Flat at $99,700, the typical annual property tax bill amounts to $536, which is well below the national median of $2,690. Property taxes in Ash Flat are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ash Flat'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 Ash Flat or another part of Sharp County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ash Flat, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$588
Ownwell’s Ash Flat Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ash Flat with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ash Flat 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 Ash Flat, Arkansas
Property taxes in Ash Flat, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ash Flat is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Ash Flat set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ash Flat 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 Ash Flat's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72513 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Ash Flat provides valuable insights into the varying tax landscape across Sharp County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ash Flat Tax Rate
0.59%
Average Sharp County Tax Rate
0.61%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ash Flat, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72513 | 0.38% | 0.45% | 0.59% | 0.68% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Ash Flat, Arkansas
In Ash Flat, 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 Sharp 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 Ash Flat, 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 Ash Flat helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ash Flat is $536 in the 72513 zip code, while the lowest median tax bill is also $536 in the same zip code.
Average Ash Flat Assessed Value
$99,700
Average Sharp County Assessed Value
$83,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ash Flat, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72513 | $30,900 | $66,425 | $99,700 | $161,650 | $243,165 |
Source: Ownwell
Property Tax Bills Across Ash Flat, Arkansas
In Ash Flat, located in Sharp County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $99,700, the assessed value is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Homeowners in Ash Flat can expect their property tax bills to vary significantly. For example, those in the 25th percentile pay around $371, while those in the 75th percentile face bills of approximately $854. At the 90th percentile, tax bills can reach up to $1,334. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Ash Flat benefit from relatively lower tax rates, making it a financially attractive area for property ownership. However, the exact amount each homeowner pays can vary based on the assessed value of their property and the specific tax rate applied.
Average Ash Flat Tax Bill
$536
Average Sharp County Tax Bill
$481
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Ash Flat, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72513 | $200 | $371 | $536 | $854 | $1,334 |
Source: Ownwell