Stuttgart, Arkansas Property Taxes
The median property tax rate in Stuttgart, AR is 0.66%, notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Stuttgart at $78,525, the typical annual property tax bill is $456, significantly less than the national median of $2,690. Property taxes in Stuttgart 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 Stuttgart'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 Stuttgart 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
Stuttgart, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$518
$481
Ownwell’s Stuttgart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stuttgart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stuttgart 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 Stuttgart, Arkansas
Property taxes in Stuttgart, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stuttgart is 0.66%, lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Stuttgart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuttgart 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 Stuttgart's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72160 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Stuttgart 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 Stuttgart Tax Rate
0.66%
Average Arkansas County Tax Rate
0.67%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stuttgart, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72160 | 0.16% | 0.42% | 0.66% | 0.77% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Stuttgart, Arkansas
In Stuttgart, 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. Assessment notices in Stuttgart 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 Stuttgart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Stuttgart are both $456.00, found in the zip code 72160, highlighting a relatively uniform property tax landscape in the area.
Average Stuttgart Assessed Value
$78,525
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 Stuttgart, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72160 | $18,867 | $41,555 | $78,525 | $151,550 | $255,509 |
Source: Ownwell
Property Tax Bills Across Stuttgart, Arkansas
In Stuttgart, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the Arkansas County assessor. Typically, the assessed value is a percentage of the property's market value. For example, with a median home price of $78,525, homeowners can expect their tax bill to vary significantly. The tax bill at the 25th percentile is around $207, while at the 75th percentile, it rises to approximately $989. For those at the 90th percentile, the tax bill can reach up to $1,859. The assessed value, combined with the local tax rate, determines the final tax bill. This amount can significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Stuttgart's property tax rates offer a range of affordability, depending on the specific assessed value and location within the city. The highest and lowest median tax bills in the city are both recorded at $456 in the 72160 zip code, reflecting a consistent tax environment within that area.
Average Stuttgart Tax Bill
$456
Average Arkansas County Tax Bill
$414
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Stuttgart, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72160 | $71 | $207 | $456 | $989 | $1,859 |
Source: Ownwell