Everton, Boone County, Arkansas Property Taxes
The median property tax rate in Everton, AR is 0.90%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $91,500 in Everton, the typical annual property tax bill is approximately $780, which is significantly lower than the national median of $2,690. Property taxes in Everton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Everton'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 Everton or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Everton, Boone County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$824
$764
Ownwell’s Everton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Everton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Everton 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 Everton, Boone County, Arkansas
Property taxes in Everton, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Everton is 0.90%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Everton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Everton 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. Understanding how these cities compare with Everton 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 Everton Tax Rate
0.90%
Average Boone County Tax Rate
0.89%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Everton, Boone County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72633 | 0.68% | 0.81% | 0.90% | 0.91% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Everton, Boone County, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Everton, Arkansas. 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 Everton, 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 Everton is $91,500, with tax bills ranging from $425 at the 25th percentile to $1,740 at the 90th percentile. The zip code 72633 holds both the highest and lowest median tax bill, valued at $780. 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.
Property Tax Assessment Values Across Everton, Boone County, Arkansas
Source: Ownwell
$70,200
$97,650
$125,100
Average Everton Assessed Value
$91,500
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 Everton, Boone County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72633 | $20,230 | $50,362 | $91,500 | $152,588 | $203,045 |
Source: Ownwell
Property Tax Bills Across Everton, Boone County, Arkansas
In Everton, located in Boone County, AR, property tax bills are calculated based on the assessed value of a property. The assessed value is a percentage of the market value, which is determined by the county assessor's office. Several factors influence the tax bill, including the property's location, size, and condition. The median home price in Everton is $91,500, and property tax rates are applied to this assessed value to determine the final tax bill. For homeowners in Everton, the property tax bill can vary significantly. For instance, those in the 25th percentile can expect to pay around $425, while those in the 75th percentile might see bills closer to $1,259. At the 90th percentile, tax bills can reach up to $1,740. Comparatively, the national median property tax rate is 0.99%, highlighting that Everton's tax rates can be quite variable. These property taxes are crucial as they fund local services, including schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Everton Tax Bill
$780
Average Boone County Tax Bill
$870
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Everton, Boone County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72633 | $192 | $425 | $780 | $1,259 | $1,740 |
Source: Ownwell