Beaver, Arkansas Property Taxes
The median property tax rate in Beaver, Arkansas is 0.96%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value in Beaver of $176,400, the typical annual property tax bill reaches $1,697, which is below the national median of $2,690. Property taxes in Beaver are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Beaver'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 Beaver or another part of Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beaver, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,693
Ownwell’s Beaver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaver 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 Beaver, Arkansas
Property taxes in Beaver, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaver is 0.96%, which is lower than the U.S. national median of 0.99%. Local government entities within Beaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver 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 Beaver's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72613 has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these areas compare with Beaver provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaver Tax Rate
0.96%
Average Carroll County Tax Rate
0.66%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72613 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Beaver, Arkansas
In Beaver, 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 Carroll 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 Beaver, 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 Beaver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 72613, with a median tax bill of $1,697.
Average Beaver Assessed Value
$176,400
Average Carroll County Assessed Value
$140,725
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaver, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72613 | $127,000 | $145,525 | $176,400 | $207,275 | $225,800 |
Source: Ownwell
Property Tax Bills Across Beaver, Arkansas
In Beaver, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For example, if a home's market value is $176,400, the assessed value will be a fraction of this amount, determined by local assessment rules. The tax rate, applied to the assessed value, is then used to calculate the tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. In Carroll County, the median property tax bill is $1,697, which is higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $1,400, while those in the 75th percentile face bills upwards of $1,994, and the 90th percentile can reach $2,172. These property taxes fund essential local services such as schools, public safety, and infrastructure, impacting homeowners by contributing to the overall quality of life in Beaver. Understanding these factors can help homeowners anticipate their tax obligations more accurately.
Average Beaver Tax Bill
$1,697
Average Carroll County Tax Bill
$850
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72613 | $1,222 | $1,400 | $1,697 | $1,994 | $2,172 |
Source: Ownwell