Bergman, Arkansas Property Taxes
The median property tax rate in Bergman, Arkansas is 0.79%, 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 Bergman at $85,850, the typical annual property tax bill amounts to $625, significantly below the national median of $2,690. Property taxes in Bergman are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Bergman'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 Bergman or another part of Boone County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bergman, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$678
$629
Ownwell’s Bergman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bergman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bergman 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 Bergman, Arkansas
Property taxes in Bergman, Arkansas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bergman is 0.79%, lower than the U.S. national median of 0.99%. Local government entities within Bergman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bergman 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 Bergman's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72615 has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Bergman provides valuable insights into the varying tax landscape across Boone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bergman Tax Rate
0.79%
Average Boone County Tax Rate
0.89%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bergman, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72615 | 0.66% | 0.75% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Bergman, Arkansas
In Bergman, 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 Boone 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 Bergman, 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 Bergman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 72615, with a tax bill of $625.00, which is also the lowest median tax bill in the area.
Average Bergman Assessed Value
$85,850
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 Bergman, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72615 | $21,950 | $43,600 | $85,850 | $110,500 | $153,610 |
Source: Ownwell
Property Tax Bills Across Bergman, Arkansas
In Bergman, located in Boone County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. Homeowners can expect their property tax bills to be influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions. The median home price in Bergman is $85,850, and the property tax rate in Boone County is typically lower than the national median of 0.99%. For homeowners in Bergman, the 25th percentile tax bill is approximately $348, while the 75th percentile tax bill reaches about $882. Those in the 90th percentile may see tax bills as high as $1,187. These figures illustrate the range of possible tax obligations depending on the home's assessed value and specific circumstances. Understanding these factors helps homeowners anticipate their annual property tax expenses, making it easier to budget accordingly and potentially explore opportunities for tax appeals or exemptions to reduce their financial burden.
Average Bergman Tax Bill
$625
Average Boone County Tax Bill
$870
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bergman, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72615 | $148 | $348 | $625 | $882 | $1,187 |
Source: Ownwell