Jordan, Arkansas Property Taxes
The median property tax rate in Jordan, AR is 0.76%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Jordan, the typical annual property tax bill amounts to $588, significantly below the national median of $2,690. Property taxes in Jordan are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jordan'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 Jordan 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
Jordan, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$622
$577
Ownwell’s Jordan Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Jordan with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Jordan to provide an estimate of your property tax bill. This valuable tool helps you comprehend potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Jordan, Arkansas
Property taxes in Jordan, Arkansas, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Jordan is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities in Jordan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jordan 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 Jordan's effective property tax rate to other areas in Baxter County and the national median. For comparison, the 72519 zip code has the same median property tax rate of 0.76%. Understanding how these areas compare with Jordan provides valuable insights into the varying tax landscape across Baxter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jordan Tax Rate
0.76%
Average Baxter County Tax Rate
0.65%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jordan, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | 0.66% | 0.71% | 0.76% | 0.82% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Jordan, Arkansas
In Jordan, 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 Baxter 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 Jordan, 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 Jordan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Jordan is $588 in the 72519 zip code, while the lowest is also $588 in the same zip code.
Average Jordan Assessed Value
$81,850
Average Baxter County Assessed Value
$137,150
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jordan, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | $17,700 | $61,100 | $81,850 | $132,150 | $201,190 |
Source: Ownwell
Property Tax Bills Across Jordan, Arkansas
In Jordan, 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 Jordan is $81,850. Property taxes are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, homeowners in Jordan can expect to pay property taxes ranging from $472 at the 25th percentile to $1,634 at the 90th percentile. The median property tax rate in this region is 0.72%, which is lower than the national median of 0.99%. These tax bills impact homeowners by contributing to the funding of local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners anticipate their annual financial obligations and plan accordingly. In Jordan, the highest and lowest median tax bills both stand at $588, demonstrating a relatively consistent tax rate across the area.
Average Jordan Tax Bill
$588
Average Baxter County Tax Bill
$862
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Jordan, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | $336 | $472 | $588 | $1,196 | $1,634 |
Source: Ownwell