Calico Rock, Arkansas Property Taxes
The median property tax rate in Calico Rock, AR is 0.90%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $71,425 in Calico Rock, the typical annual property tax bill amounts to $587, which is significantly below the national median of $2,690. Property taxes in Calico Rock are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Calico Rock'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 Calico Rock or another part of Stone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calico Rock, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$643
Ownwell’s Calico Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calico Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calico Rock 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 Calico Rock, Arkansas
Property taxes in Calico Rock, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calico Rock is 0.52%, significantly lower than both the Arkansas state median of 0.63% and the U.S. national median of 0.99%. Local government entities within Calico Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calico Rock 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 Calico Rock's effective property tax rate to other counties in Arkansas and the national median. For comparison, the highest median property tax rate in Stone County is 0.52% in the 72519 zip code, while the lowest median tax rate is also 0.52% in the same zip code. Understanding how these cities compare with Calico Rock provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calico Rock Tax Rate
0.90%
Average Stone County Tax Rate
0.71%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calico Rock, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | 0.67% | 0.77% | 0.90% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Calico Rock, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Calico Rock, Arkansas. 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 Stone 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. Assessment notices in Calico Rock 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Calico Rock, the highest median tax bill is $587 in zip code 72519, while the lowest median tax bill is also $587 in the same zip code.
Average Calico Rock Assessed Value
$71,425
Average Stone County Assessed Value
$77,600
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calico Rock, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | $19,385 | $43,375 | $71,425 | $114,888 | $150,530 |
Source: Ownwell
Property Tax Bills Across Calico Rock, Arkansas
In Calico Rock, located in Stone County, AR, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value of the home, and in this region, the median home price stands at $71,425. Homeowners in Calico Rock typically see property tax bills ranging from $359 at the 25th percentile to $988 at the 75th percentile, with the 90th percentile reaching up to $1,442. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. The tax rate in Calico Rock is relatively modest compared to the national median property tax rate of 0.99%. This means that homeowners in this area might find their property taxes more manageable than in regions with higher tax rates. Understanding these factors can help homeowners anticipate their annual tax obligations and budget accordingly.
Average Calico Rock Tax Bill
$587
Average Stone County Tax Bill
$507
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Calico Rock, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | $185 | $359 | $587 | $988 | $1,442 |
Source: Ownwell