Pineville, Arkansas Property Taxes
The median property tax rate in Pineville, AR is 0.70%, 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 Pineville at $104,800, the typical annual property tax bill amounts to $733, significantly below the national median of $2,690. Property taxes in Pineville are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Pineville'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 Pineville 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
Pineville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$734
$681
Ownwell’s Pineville Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Pineville using just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Pineville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in exploring trends at a neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Pineville, Arkansas
Property taxes in Pineville, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pineville is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Pineville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pineville 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 Pineville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72566 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Pineville 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 Pineville Tax Rate
0.70%
Average Baxter County Tax Rate
0.65%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pineville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72566 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Pineville, Arkansas
In Pineville, 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 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 Pineville, 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 Pineville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in Pineville is $733, with the highest and lowest median tax bills both found in zip code 72566.
Average Pineville Assessed Value
$104,800
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 Pineville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72566 | $104,800 | $104,800 | $104,800 | $104,800 | $104,800 |
Source: Ownwell
Property Tax Bills Across Pineville, Arkansas
In Pineville, Baxter County, AR, 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 Pineville is $104,800, and homeowners can expect a median tax bill of $733. This amount is consistent across various percentiles, indicating a uniform tax rate in the region. The tax bill is determined by multiplying the assessed value by the local tax rate. Factors such as property improvements, neighborhood developments, and changes in the real estate market can influence the assessed value. For homeowners, this means that any increase in their property's market value could result in a higher tax bill. Compared to the national median property tax rate of 0.99%, Pineville’s tax rate appears relatively stable and predictable, providing homeowners with a clear understanding of their annual obligations. This stability can be beneficial for budgeting and long-term financial planning.
Average Pineville Tax Bill
$733
Average Baxter County Tax Bill
$862
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pineville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72566 | $733 | $733 | $733 | $733 | $733 |
Source: Ownwell