Gurdon, Arkansas Property Taxes
The median property tax rate in Gurdon, AR is 0.86%, slightly higher than the state median of 0.84% but below the national median of 0.99%. With a median home value of $34,750, the typical annual property tax bill in Gurdon amounts to $222, which is significantly lower than the national median of $2,690. Property taxes in Gurdon are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Gurdon'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 Gurdon or elsewhere in Clark County, familiarizing yourself with the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gurdon, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$299
$277
Ownwell’s Gurdon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gurdon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gurdon 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 Gurdon, Arkansas
Property taxes in Gurdon, Arkansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Gurdon is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Gurdon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gurdon 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 Gurdon's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71743 has both the highest and lowest median property tax rate of 0.86%. Understanding how these cities compare with Gurdon 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 Gurdon 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 Gurdon, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71743 | 0.15% | 0.39% | 0.86% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Gurdon, Arkansas
In Gurdon, 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 Gurdon, 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. The median home price in Gurdon is $34,750, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $83, while the 75th percentile tax bill is $400. 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 Gurdon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gurdon Assessed Value
$34,750
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 Gurdon, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71743 | $7,000 | $17,850 | $34,750 | $61,512 | $96,750 |
Source: Ownwell
Property Tax Bills Across Gurdon, Arkansas
In Gurdon, located in Clark County, AR, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, and in Arkansas, this is usually 20%. For example, with a median home price of $34,750, the assessed value would be $6,950. The property tax rate in Arkansas is relatively low compared to the national median of 0.99%, contributing to lower tax bills for homeowners. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. In Gurdon, the tax bill at the 25th percentile is $83, while at the 75th percentile, it reaches $400. The 90th percentile tax bill is $679, reflecting the range of property values and assessments within the area. For homeowners, understanding these factors is crucial for financial planning. Lower property taxes can make homeownership more affordable, but it's essential to stay informed about any changes in local tax policies that could affect future bills.
Average Gurdon Tax Bill
$222
Average Clark County Tax Bill
$458
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Gurdon, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71743 | $31 | $83 | $222 | $400 | $679 |
Source: Ownwell