Rover, Arkansas Property Taxes
The median property tax rate in Rover, Arkansas is 0.89%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Rover at $51,300, the typical annual property tax bill is $453, which is well below the national median of $2,690. Property taxes in Rover 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 Rover'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 Rover or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rover, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$457
Ownwell’s Rover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rover 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 Rover, Arkansas
Property taxes in Rover, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rover is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Rover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rover 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 Rover's effective property tax rate to other regions in Arkansas and the national median. For comparison, the 72860 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how Rover compares with other areas 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 Rover Tax Rate
0.89%
Average Yell County Tax Rate
0.90%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rover, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72860 | 0.70% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Rover, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rover, Arkansas. The market value represents 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 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. In Rover, 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 Rover is $51,300, with tax bills ranging from $157 at the 25th percentile to $1,214 at the 90th percentile. The highest median tax bill is found in the 72860 zip code, amounting to $453. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rover Assessed Value
$51,300
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 Rover, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72860 | $5,100 | $15,550 | $51,300 | $89,350 | $133,800 |
Source: Ownwell
Property Tax Bills Across Rover, Arkansas
In Rover, located in Yell County, AR, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The median home price in Rover stands at $51,300. Homeowners can expect their tax bills to vary within a range, with the 25th percentile at $157 and the 75th percentile reaching up to $796. For those in the 90th percentile, the tax bill can go up to $1,214. The assessed value is typically a percentage of the market value of the property, and this value is then multiplied by the local tax rate to determine the final tax bill. The highest and lowest median tax bills in the area are both $453, as seen in the zip code 72860. Compared to the national median property tax rate of 0.99%, Rover's property tax rates can significantly impact homeowners, influencing their annual financial planning and potentially affecting property values and housing market dynamics in the region.
Average Rover Tax Bill
$453
Average Yell County Tax Bill
$585
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Rover, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72860 | $70 | $157 | $453 | $796 | $1,214 |
Source: Ownwell