Green Forest, Carroll County, Arkansas Property Taxes
The median property tax rate in Green Forest, AR is 0.60%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Green Forest at $94,375, the typical annual property tax bill is $462, well below the national median of $2,690. Property taxes in Green Forest are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Green Forest'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 Green Forest 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
Green Forest, Carroll County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$566
$525
Ownwell’s Green Forest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green Forest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green Forest 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 Carroll County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Green Forest, Carroll County, Arkansas
Property taxes in Green Forest, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Forest is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Green Forest set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green Forest 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 Green Forest's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72638 has both the highest and lowest median property tax rate in the area, standing at 0.60%. Understanding how these cities compare with Green Forest 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 Green Forest Tax Rate
0.60%
Average Carroll County Tax Rate
0.66%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green Forest, Carroll County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72638 | 0.15% | 0.32% | 0.60% | 0.85% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Green Forest, Carroll County, Arkansas
In Green Forest, 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 Green Forest, 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 Green Forest is $94,375. The 25th percentile tax bill is $211, while the 75th percentile tax bill is $910, and the 90th percentile tax bill is $1,500. The zip code 72638 has both the highest and lowest median tax bill at $462. By understanding 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 Green Forest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Green Forest, Carroll County, Arkansas
Source: Ownwell
$72,450
$154,063
$235,675
Average Green Forest Assessed Value
$94,375
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 Green Forest, Carroll County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72638 | $15,750 | $41,300 | $94,375 | $153,462 | $234,315 |
Source: Ownwell
Property Tax Bills Across Green Forest, Carroll County, Arkansas
In Green Forest, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Green Forest is $94,375. Property taxes in this city are influenced by several factors, including the assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners in Green Forest, the 25th percentile tax bill is $211, while the 75th percentile reaches $910. At the higher end, the 90th percentile tax bill can be as much as $1,500. These variations reflect differences in property values and the specific circumstances of each homeowner. In comparison to the national median property tax rate of 0.99%, Green Forest's property tax rates can be considered relatively moderate. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly. The highest and lowest median tax bills in the area are both $462, indicating some uniformity in tax assessments within certain zip codes.
Average Green Forest Tax Bill
$462
Average Carroll County Tax Bill
$850
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Green Forest, Carroll County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72638 | $67 | $211 | $462 | $910 | $1,500 |
Source: Ownwell