Bella Vista, Arkansas Property Taxes
The median property tax rate in Bella Vista, AR is 0.99%, aligning with the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Bella Vista at $207,100, the typical annual property tax bill amounts to $1,985, which is below the national median of $2,690. Property taxes in Bella Vista are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bella Vista'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 Bella Vista 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
Bella Vista, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$2,050
$1,903
Ownwell’s Bella Vista Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bella Vista with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bella Vista 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 Bella Vista, Arkansas
Property taxes in Bella Vista, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bella Vista is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Bella Vista set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bella Vista 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 Bella Vista's effective property tax rate to other areas in Benton County and the national median. For comparison, the 72714 zip code has the highest median property tax rate of 1.07%, while the 72715 zip code has the lowest median tax rate of 0.96%. Understanding how these areas compare with Bella Vista provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bella Vista Tax Rate
0.99%
Average Benton County Tax Rate
1.00%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bella Vista, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72714 | 0.83% | 0.94% | 1.07% | 1.23% | 1.23% |
| 72715 | 0.70% | 0.79% | 0.96% | 1.02% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Bella Vista, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bella Vista, AR. 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 Benton 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 Bella Vista, 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. For instance, the median home price in Bella Vista is $207,100, with tax bills ranging from $1,476 at the 25th percentile to $3,493 at the 90th percentile. The highest median tax bill of $2,126 is found in zip code 72714, while the lowest median tax bill of $1,898 is in zip code 72715. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bella Vista Assessed Value
$207,100
Average Benton County Assessed Value
$211,150
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bella Vista, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72714 | $113,360 | $153,700 | $202,550 | $257,300 | $311,418 |
| 72715 | $119,815 | $165,100 | $209,450 | $269,800 | $368,800 |
Source: Ownwell
Property Tax Bills Across Bella Vista, Arkansas
In Bella Vista, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the Benton County Assessor. The median home price in Bella Vista is $207,100. Property taxes are then calculated by applying the local tax rate to this assessed value. The assessed value generally reflects a percentage of the market value of the property. Several factors influence the final tax bill, including the property's location, its condition, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $1,476, while at the 75th percentile, it rises to $2,668, and at the 90th percentile, it reaches $3,493. The highest median tax bill in Bella Vista is $2,126 in the 72714 zip code, whereas the lowest median tax bill is $1,898 in the 72715 zip code. These property taxes significantly impact homeowners, influencing their overall housing costs and potentially affecting decisions related to buying or selling property. With the national median property tax rate at 0.99%, Bella Vista's rates provide a useful benchmark for comparison.
Average Bella Vista Tax Bill
$1,985
Average Benton County Tax Bill
$2,090
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bella Vista, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72714 | $1,123 | $1,534 | $2,126 | $2,812 | $3,455 |
| 72715 | $1,116 | $1,449 | $1,898 | $2,546 | $3,522 |
Source: Ownwell