Roe, Arkansas County, Arkansas Property Taxes
The median property tax rate in ROE, AR is 0.78%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $54,782 in ROE, the typical annual property tax bill amounts to $429, significantly below the national median of $2,690. Property taxes in ROE are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding ROE's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of ROE or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roe, Arkansas County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$427
$397
Ownwell’s ROE Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in ROE. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in ROE to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. The assessed value of your property is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Roe, Arkansas County, Arkansas
Property taxes in ROE, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ROE is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within ROE set these rates annually, and they can vary significantly across different neighborhoods. Each year, ROE 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 ROE's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72134 has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with ROE 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 Roe Tax Rate
0.78%
Average Arkansas County Tax Rate
0.67%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roe, Arkansas County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72134 | 0.17% | 0.58% | 0.78% | 0.85% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Roe, Arkansas County, Arkansas
In ROE, 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 Arkansas 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 ROE, 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 zip code 72134 in ROE has both the highest and lowest median tax bill, each at $429. Being aware of these valuation processes in ROE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Roe, Arkansas County, Arkansas
Source: Ownwell
$34,750
$65,623
$96,495
Average Roe Assessed Value
$54,782
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 Roe, Arkansas County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72134 | $7,790 | $20,978 | $54,782 | $122,738 | $231,760 |
Source: Ownwell
Property Tax Bills Across Roe, Arkansas County, Arkansas
In ROE, Arkansas, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $54,782, homeowners can expect varying tax bills depending on the assessed value and the specific tax rate applied. Factors such as property location, improvements, and exemptions can influence the assessed value and subsequently the tax bill. In ROE, property tax bills can range significantly, with the 25th percentile at $145 and the 75th percentile at $1,042. The 90th percentile tax bill can reach up to $1,674, highlighting the variability based on property specifics. Compared to the national median property tax rate of 0.99%, homeowners in ROE might find their tax bills relatively manageable, but it's essential to understand these factors to anticipate annual property tax expenses accurately.
Average Roe Tax Bill
$429
Average Arkansas County Tax Bill
$414
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Roe, Arkansas County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72134 | $87 | $145 | $429 | $1,042 | $1,674 |
Source: Ownwell