Pleasant Grove, Arkansas Property Taxes
The median property tax rate in Pleasant Grove, AR is 0.68%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Pleasant Grove at $60,800, the typical annual property tax bill amounts to $356, significantly below the national median of $2,690. Property taxes in Pleasant Grove are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural use. Gaining a thorough understanding of Pleasant Grove's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're situated in the heart of Pleasant Grove or elsewhere in the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pleasant Grove, 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 Pleasant Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Grove 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 Pleasant Grove, Arkansas
Property taxes in Pleasant Grove, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Grove is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Pleasant Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Grove 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. Understanding how Pleasant Grove's effective property tax rate compares with other regions 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 Pleasant Grove Tax Rate
0.68%
Average Stone County Tax Rate
0.71%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Grove, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72567 | 0.41% | 0.54% | 0.68% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Grove, Arkansas
In Pleasant Grove, 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 Assessor's Office 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 Pleasant Grove, 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 example, the median home price in Pleasant Grove is $60,800, with tax bills ranging from $198 at the 25th percentile to $1,016 at the 90th percentile. The highest and lowest median tax bills, both at $356, are found in the 72567 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pleasant Grove Assessed Value
$60,800
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 Pleasant Grove, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72567 | $17,310 | $30,550 | $60,800 | $96,025 | $151,160 |
Source: Ownwell
Property Tax Bills Across Pleasant Grove, Arkansas
In Pleasant Grove, Stone County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Pleasant Grove is $60,800. Property tax rates in this area are influenced by local government budgets, school funding, and other municipal needs. For homeowners, this means that the assessed value of their property, combined with the local tax rate, determines their annual tax bill. Homeowners in Pleasant Grove can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is approximately $198, while at the 75th percentile, it rises to about $612. For those at the 90th percentile, the tax bill can reach up to $1,016. The highest median tax bill in the region is $356, which is notably lower than the national median property tax rate of 0.99%. This affects homeowners by providing relatively affordable property taxes compared to other regions, potentially making Pleasant Grove an attractive place to live.
Average Pleasant Grove Tax Bill
$356
Average Stone County Tax Bill
$507
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Grove, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72567 | $120 | $198 | $356 | $612 | $1,016 |
Source: Ownwell