Springdale, Arkansas Property Taxes
The median property tax rate in Springdale, AR is 1.05%, slightly higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Springdale at $226,600, the typical annual property tax bill amounts to $2,231, just below the national median of $2,690. Property taxes in Springdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Springdale'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 Springdale 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
Springdale, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$2,379
$2,208
Ownwell’s Springdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springdale 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 Springdale, Arkansas
Property taxes in Springdale, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springdale is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Springdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springdale 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 Springdale's effective property tax rate to other areas in Benton County and the national median. For comparison, the 72762 zip code has the highest median property tax rate of 1.06%, while the 72756 zip code has the lowest median tax rate of 0.89%. Understanding how these areas compare with Springdale 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 Springdale Tax Rate
1.05%
Average Benton County Tax Rate
1.00%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springdale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72745 | 0.74% | 0.86% | 0.95% | 0.95% | 0.95% |
| 72756 | 0.81% | 0.84% | 0.89% | 0.95% | 0.95% |
| 72762 | 0.82% | 0.96% | 1.06% | 1.07% | 1.07% |
| 72764 | 0.80% | 0.93% | 1.05% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Springdale, Arkansas
In Springdale, 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 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 Springdale, 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. The median home price in Springdale is $226,600, with tax bills ranging significantly. For instance, the highest median tax bill is $2,465 in the 72762 zip code, while the lowest is $217 in the 72745 zip code. 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 Springdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Springdale Assessed Value
$226,600
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 Springdale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72745 | $3,645 | $16,275 | $22,755 | $163,238 | $246,660 |
| 72756 | $31,160 | $78,669 | $237,455 | $347,500 | $391,930 |
| 72762 | $171,320 | $199,075 | $246,800 | $299,225 | $378,520 |
| 72764 | $153,410 | $179,300 | $203,335 | $256,892 | $394,510 |
Source: Ownwell
Property Tax Bills Across Springdale, Arkansas
In Springdale, Benton County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The county assessor determines this assessed value, taking into account factors such as property size, location, and condition. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, in Springdale, the median home price is $226,600. Property tax bills can vary significantly, with the 25th percentile at $1,819 and the 75th percentile at $2,841. The 90th percentile sees tax bills as high as $3,949. In comparison, the national median property tax rate stands at 0.99%, highlighting the relative affordability in Springdale. Homeowners in Springdale may experience varying tax bills depending on their property's assessed value and specific location within the city. For instance, the highest median tax bill in the area is $2,465 in the 72762 zip code, while the lowest is $217 in the 72745 zip code. These variations can significantly impact homeowners' annual financial planning and overall housing costs.
Average Springdale Tax Bill
$2,231
Average Benton County Tax Bill
$2,090
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Springdale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72745 | $35 | $155 | $217 | $1,125 | $1,542 |
| 72756 | $272 | $749 | $1,976 | $2,623 | $3,694 |
| 72762 | $1,529 | $2,002 | $2,465 | $2,993 | $3,945 |
| 72764 | $1,330 | $1,670 | $2,028 | $2,633 | $4,026 |
Source: Ownwell