Boone County Property Taxes
The median property tax rate in Boone County is 0.89%, which is lower than the national median of 0.99% but slightly higher than the Arkansas state median of 0.84%. With a median home value of $102,750 in Boone County, the typical annual property tax bill is around $870, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural land. Understanding Boone County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Harrison or another part of Boone County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boone County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Boone County Property Tax Bill Calculator helps homeowners, real estate investors, and potential buyers estimate their annual property taxes in Boone County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Boone County to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For more detailed trends at the city level, scroll down to navigate to a more localized informational page. Your property's assessed value is the value assigned by the county for property tax calculations and considers any exemptions you may have.
Property Tax Rates Across Boone County, Arkansas
Property taxes in Boone County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Boone County is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Boone County set these rates annually, and they can vary significantly between different areas within the county. Each year, Boone County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Boone County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of Western Grove has one of the higher property tax rates in Arkansas at 0.91%, while the city of Ridgedale boasts one of the lowest at 0.57%. Analyzing how Boone County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Boone County Tax Rate
0.89%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boone County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | 0.58% | 0.69% | 0.78% | 0.78% | 0.85% |
| Bergman | 0.66% | 0.75% | 0.79% | 0.79% | 0.79% |
| Diamond City | N/A | N/A | N/A | N/A | N/A |
| Everton | 0.68% | 0.81% | 0.90% | 0.91% | 0.94% |
| Harrison | 0.66% | 0.75% | 0.90% | 0.96% | 1.02% |
| Lead Hill | 0.74% | 0.89% | 0.89% | 0.99% | 0.99% |
| Omaha | 0.64% | 0.74% | 0.87% | 0.87% | 0.87% |
| Ridgedale | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
| Valley Springs | N/A | N/A | N/A | N/A | N/A |
| Western Grove | 0.64% | 0.77% | 0.91% | 0.91% | 0.91% |
| Yellville | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Zinc | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Boone County, Arkansas
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Boone County, Arkansas. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Boone County Appraisal District. The assessed value, however, 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. Assessment notices in Boone County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, Yellville has the highest median tax bill at $1,182, while Alpena has the lowest at $551. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Boone County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Boone County Assessed Value
$102,750
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boone County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | $14,800 | $40,000 | $71,950 | $131,650 | $194,400 |
| Bergman | $21,950 | $43,600 | $85,850 | $110,500 | $153,610 |
| Diamond City | N/A | N/A | N/A | N/A | N/A |
| Everton | $20,230 | $50,362 | $91,500 | $152,588 | $203,045 |
| Harrison | $34,100 | $66,512 | $109,925 | $165,800 | $230,190 |
| Lead Hill | $13,720 | $37,350 | $70,200 | $111,950 | $177,810 |
| Omaha | $18,550 | $45,675 | $97,925 | $171,438 | $242,190 |
| Ridgedale | $183,100 | $183,100 | $183,100 | $183,100 | $183,100 |
| Valley Springs | N/A | N/A | N/A | N/A | N/A |
| Western Grove | $36,020 | $96,825 | $125,100 | $162,600 | $199,820 |
| Yellville | $120,745 | $125,162 | $132,525 | $139,888 | $144,305 |
| Zinc | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Boone County, Arkansas
In Boone County, AR, property tax bills are calculated based on the assessed value of a property, which is typically a fraction of its market value. The local tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax amount, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Boone County is $102,750, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $506, while those in the 75th percentile face bills of approximately $1,356. At the 90th percentile, the tax bill can reach up to $1,972. Notably, Yellville has the highest median tax bill at $1,182, whereas Alpena has the lowest at $551. These variations can significantly impact homeowners, with higher tax bills potentially affecting affordability and financial planning. Compared to the national median property tax rate of 0.99%, Boone County's rates reflect localized economic conditions and property values.
Average Boone County Tax Bill
$870
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Boone County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | $124 | $314 | $551 | $918 | $1,431 |
| Bergman | $148 | $348 | $625 | $882 | $1,187 |
| Diamond City | N/A | N/A | N/A | N/A | N/A |
| Everton | $192 | $425 | $780 | $1,259 | $1,740 |
| Harrison | $309 | $565 | $922 | $1,409 | $2,029 |
| Lead Hill | $136 | $348 | $636 | $1,004 | $1,560 |
| Omaha | $162 | $368 | $780 | $1,380 | $1,974 |
| Ridgedale | $1,051 | $1,051 | $1,051 | $1,051 | $1,051 |
| Valley Springs | N/A | N/A | N/A | N/A | N/A |
| Western Grove | $346 | $655 | $1,062 | $1,448 | $1,804 |
| Yellville | $1,077 | $1,116 | $1,182 | $1,248 | $1,287 |
| Zinc | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell