Caddo Valley, Clark County, Arkansas Property Taxes
The median property tax rate in Caddo Valley, AR is 0.83%, which is slightly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $89,900 in Caddo Valley, the typical annual property tax bill is approximately $725, significantly lower than the national median of $2,690. Property taxes in Caddo Valley are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural land. Understanding the property tax system in Caddo Valley, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Caddo Valley 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
Caddo Valley, Clark County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$746
$692
Ownwell’s Caddo Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caddo Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caddo Valley 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 Caddo Valley, Clark County, Arkansas
Property taxes in Caddo Valley, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caddo Valley is 0.83%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Caddo Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caddo Valley 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 Caddo Valley's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71923 has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Caddo Valley 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 Caddo Valley Tax Rate
0.83%
Average Clark County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caddo Valley, Clark County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71923 | 0.52% | 0.69% | 0.83% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Caddo Valley, Clark County, Arkansas
In Caddo Valley, 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 Caddo Valley, 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 Caddo Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 71923, with a median tax bill of $725.
Property Tax Assessment Values Across Caddo Valley, Clark County, Arkansas
Source: Ownwell
$34,750
$62,325
$89,900
Average Caddo Valley Assessed Value
$89,900
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 Caddo Valley, Clark County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71923 | $5,610 | $29,412 | $89,900 | $114,238 | $139,255 |
Source: Ownwell
Property Tax Bills Across Caddo Valley, Clark County, Arkansas
In Caddo Valley, located in Clark County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in Caddo Valley is $89,900. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value, thereby impacting the tax bill. Homeowners in Caddo Valley can expect varying tax bills depending on their property’s value and specific circumstances. The 25th percentile tax bill is around $393, while the 75th percentile reaches $1,042, and the 90th percentile can go up to $1,419. Compared to the national median property tax rate of 0.99%, Caddo Valley's property taxes can be seen as relatively moderate. These tax bills contribute significantly to local services and infrastructure, directly affecting homeowners by funding schools, public safety, and community amenities.
Average Caddo Valley Tax Bill
$725
Average Clark County Tax Bill
$458
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Caddo Valley, Clark County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71923 | $83 | $393 | $725 | $1,042 | $1,419 |
Source: Ownwell