Hindsville, Arkansas Property Taxes
The median property tax rate in Hindsville, AR is 0.86%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $139,000 in Hindsville, the typical annual property tax bill amounts to $1,240, which is significantly lower than the national median of $2,690. Property taxes in Hindsville are based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hindsville'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 Hindsville 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
Hindsville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,195
$1,109
Ownwell’s Hindsville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hindsville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Hindsville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Hindsville, Arkansas
Property taxes in Hindsville, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hindsville is 0.52%, which is lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Hindsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hindsville 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 Hindsville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72738 zip code has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Hindsville provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hindsville Tax Rate
0.86%
Average Benton County Tax Rate
1.00%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hindsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72738 | 0.54% | 0.70% | 0.86% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Hindsville, Arkansas
In Hindsville, 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 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 Hindsville, 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 Hindsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 72738 has the highest and lowest median tax bill, both at $1,240.
Average Hindsville Assessed Value
$139,000
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 Hindsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72738 | $42,420 | $84,625 | $139,000 | $246,500 | $330,880 |
Source: Ownwell
Property Tax Bills Across Hindsville, Arkansas
In Hindsville, located in Benton 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 Hindsville is $139,000. Homeowners can expect tax bills to vary significantly. For instance, at the 25th percentile, tax bills are around $614, while at the 75th percentile, they can reach $1867. At the higher end, the 90th percentile tax bill is approximately $2462. Factors such as the property's market value, local tax rates, and applicable exemptions influence the final tax bill. Compared to the national median property tax rate of 0.99%, Hindsville's property taxes can be seen as relatively moderate. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the overall quality of life in the community. The highest and lowest median tax bill both stand at $1240 in the zip code 72738, reflecting some consistency within specific areas.
Average Hindsville Tax Bill
$1,240
Average Benton County Tax Bill
$2,090
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Hindsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72738 | $339 | $614 | $1,240 | $1,867 | $2,462 |
Source: Ownwell