Ethel, Arkansas Property Taxes
The median property tax rate in Ethel, AR is 0.64%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Ethel at $53,940, the typical annual property tax bill is around $299, well below the national median of $2,690. Property taxes in Ethel are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ethel'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 Ethel or another part of Arkansas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ethel, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$345
Ownwell’s Ethel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ethel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ethel 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 Ethel, Arkansas
Property taxes in Ethel, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ethel is 0.64%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Ethel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ethel 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 Ethel's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72048 zip code has the highest median property tax rate of 0.64%, while the 72048 zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Ethel provides valuable insights into the varying tax landscape across Arkansas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ethel Tax Rate
0.64%
Average Arkansas County Tax Rate
0.67%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ethel, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72048 | 0.16% | 0.35% | 0.64% | 0.89% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Ethel, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ethel, 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 local 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 Ethel, 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. Being aware of these valuation processes in Ethel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Ethel are both recorded at $299.00 in the zip code 72048, reflecting a consistent tax environment.
Average Ethel Assessed Value
$53,940
Average Arkansas County Assessed Value
$70,958
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ethel, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72048 | $11,664 | $26,292 | $53,940 | $108,320 | $156,708 |
Source: Ownwell
Property Tax Bills Across Ethel, Arkansas
In Ethel, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Ethel is $53,940. The local tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax amount, including the property's location within the county and any applicable exemptions or deductions. Homeowners in Ethel can expect a range of property tax bills. For example, the 25th percentile tax bill is $138, while the 75th percentile reaches $559, and the 90th percentile can be as high as $884. These figures highlight the variability in tax burdens depending on property value and specific local assessments. Compared to the national median property tax rate of 0.99%, Ethel's property tax rates are relatively modest. This can significantly impact homeowners, making property ownership more affordable and potentially increasing the attractiveness of the area for new residents.
Average Ethel Tax Bill
$299
Average Arkansas County Tax Bill
$414
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Ethel, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72048 | $62 | $138 | $299 | $559 | $884 |
Source: Ownwell