Belleville, Arkansas Property Taxes
The median property tax rate in Belleville, 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 $59,450, the typical annual property tax bill in Belleville is $478, well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Belleville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Belleville or another part of Yell County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belleville, 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 Belleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belleville 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 Belleville, Arkansas
Property taxes in Belleville, Arkansas, are essential in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Belleville is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Belleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belleville 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 Belleville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72824 zip code has the highest median property tax rate of 0.90%, while the 72824 zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Belleville provides valuable insights into the varying tax landscape across Yell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belleville Tax Rate
0.90%
Average Yell County Tax Rate
0.90%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belleville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72824 | 0.63% | 0.80% | 0.90% | 0.96% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Belleville, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belleville, 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 Yell 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 Belleville, 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. Belleville's median home price is $59,450, with tax bills ranging from $229 at the 25th percentile to $1,490 at the 90th percentile. The highest and lowest median tax bills are both $478 in the 72824 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belleville Assessed Value
$59,450
Average Yell County Assessed Value
$66,625
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belleville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72824 | $10,260 | $25,820 | $59,450 | $107,450 | $171,570 |
Source: Ownwell
Property Tax Bills Across Belleville, Arkansas
In Belleville, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. Factors such as the median home price, which is $59,450, play a significant role in determining the tax bill. The tax rate in Belleville is influenced by local government budgets and community needs, and it is applied to the assessed value to generate the tax bill. For example, homeowners in Belleville can expect a property tax bill ranging from $229 at the 25th percentile to $1,490 at the 90th percentile, with the median tax bill being $478. These figures are relatively low compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in Belleville are both $478, indicating a consistent tax burden across the area. Understanding these factors helps homeowners anticipate their annual property tax expenses, which can impact their overall financial planning and homeownership costs.
Average Belleville Tax Bill
$478
Average Yell County Tax Bill
$585
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Belleville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72824 | $97 | $229 | $478 | $923 | $1,490 |
Source: Ownwell