Edgemont, Arkansas Property Taxes
The median property tax rate in Edgemont, AR is 0.65%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $64,475 in Edgemont, the typical annual property tax bill amounts to $403, significantly less than the national median of $2,690. Property taxes in Edgemont are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Edgemont's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're in the heart of Edgemont or another part of Stone County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edgemont, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$419
-$4,392
Ownwell’s Edgemont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edgemont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edgemont 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 Edgemont, Arkansas
Property taxes in Edgemont, Arkansas, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgemont is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Edgemont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgemont 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 Edgemont's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72044 has both the highest and lowest median property tax rate of 0.65%. Understanding how these areas compare with Edgemont 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 Edgemont Tax Rate
0.65%
Average Stone County Tax Rate
0.71%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgemont, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72044 | 0.49% | 0.59% | 0.65% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Edgemont, Arkansas
In Edgemont, 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 Stone 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 Edgemont, 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 Edgemont is $64,475, with tax bills ranging from $213 at the 25th percentile to $1,525 at the 90th percentile. Notably, the zip code 72044 has both the highest and lowest median tax bill at $403. Being aware of these valuation processes in Edgemont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Edgemont Assessed Value
$64,475
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 Edgemont, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72044 | $9,345 | $34,725 | $64,475 | $121,600 | $236,230 |
Source: Ownwell
Property Tax Bills Across Edgemont, Arkansas
In Edgemont, located in Stone County, AR, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The median home price in Edgemont stands at $64,475. Homeowners can expect their tax bills to vary significantly based on the assessed value and the applicable tax rate. For example, the 25th percentile tax bill is around $213, while at the 75th percentile, it jumps to $790. At the higher end, the 90th percentile tax bill can reach up to $1,525. These figures illustrate the range of property tax burdens within the community. The highest and lowest median tax bills in the area are both recorded at $403 in the 72044 zip code, indicating some consistency in property tax assessments within that region. Compared to the national median property tax rate of 0.99%, Edgemont's property taxes can be considered relatively moderate, making it an attractive location for homeowners seeking manageable tax obligations.
Average Edgemont Tax Bill
$403
Average Stone County Tax Bill
$507
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgemont, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72044 | $83 | $213 | $403 | $790 | $1,525 |
Source: Ownwell