Beirne, Arkansas Property Taxes
The median property tax rate in Beirne, Arkansas is 0.86%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Beirne, the typical annual property tax bill is around $124, significantly below the national median of $2,690. Property taxes in Beirne are 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. Navigating Beirne's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you reside in the heart of Beirne or elsewhere in Clark County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beirne, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$102
Ownwell’s Beirne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beirne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beirne 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 Clark County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Beirne, Arkansas
Property taxes in Beirne, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beirne is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Beirne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beirne 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 Beirne's effective property tax rate to other areas in Arkansas and the national median. For comparison, the 71721 zip code has the same median property tax rate of 0.86%. Understanding how these areas compare with Beirne provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beirne Tax Rate
0.86%
Average Clark County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beirne, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71721 | 0.84% | 0.85% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Beirne, Arkansas
In Beirne, 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 Clark 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 Beirne, 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 Beirne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $124.00 in the 71721 zip code, while the lowest median tax bill is also $124.00 in the same zip code.
Average Beirne Assessed Value
$11,825
Average Clark County Assessed Value
$58,450
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beirne, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71721 | $7,550 | $8,738 | $11,825 | $14,162 | $19,600 |
Source: Ownwell
Property Tax Bills Across Beirne, Arkansas
In Beirne, located in Clark County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Beirne is $11,825. Property taxes are then determined by applying the local tax rate to this assessed value. For homeowners in Beirne, the tax bill can vary significantly. The 25th percentile tax bill is $96, while the 75th percentile tax bill is $167, and the 90th percentile reaches $193. These tax bills are influenced by several factors, including the home's assessed value and the local tax rate. The highest median tax bill in the area is $124, found in the 71721 zip code. Compared to the national median property tax rate of 0.99%, Beirne's property taxes are relatively low, making it an attractive option for homeowners seeking affordability. However, even within this small community, there can be significant variations in tax bills, impacting homeowners differently based on their property values.
Average Beirne Tax Bill
$124
Average Clark County Tax Bill
$458
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Beirne, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71721 | $79 | $96 | $124 | $167 | $193 |
Source: Ownwell