Datto, Arkansas Property Taxes
The median property tax rate in Datto, AR is 0.93%, 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 Datto at $16,575, the typical annual property tax bill is $150, significantly below the national median of $2,690. Property taxes in Datto are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Datto'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 Datto or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Datto, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$154
$143
Ownwell’s DATTO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DATTO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DATTO 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 Datto, Arkansas
Property taxes in Datto, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Datto is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Datto set these rates annually, and they can vary significantly across different neighborhoods. Each year, Datto 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 Datto's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72424 has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with Datto provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Datto Tax Rate
0.93%
Average Clay County Tax Rate
0.78%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Datto, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72424 | 0.79% | 0.91% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Datto, Arkansas
In Datto, 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 Clay 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 Datto, 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 Datto is $16,575, with tax bills ranging from $90 at the 25th percentile to $352 at the 90th percentile. Notably, the highest and lowest median tax bills are both $150, found in zip code 72424. 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 Datto helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Datto Assessed Value
$16,575
Average Clay County Assessed Value
$59,500
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Datto, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72424 | $2,770 | $9,538 | $16,575 | $28,400 | $37,950 |
Source: Ownwell
Property Tax Bills Across Datto, Arkansas
In Datto, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For homeowners in Datto, the median home price stands at $16,575. Property tax rates in Datto are influenced by local government budgets, school funding, and public services. Homeowners in Datto can expect their tax bills to vary widely. For example, the 25th percentile tax bill is around $90, while the 75th percentile tax bill reaches $259. At the higher end, the 90th percentile tax bill is approximately $352. These figures illustrate the range of property tax obligations residents might face. Compared to the national median property tax rate of 0.99%, Datto's property taxes can be considered relatively modest. However, the impact on homeowners can still be significant, especially when considering local economic conditions and individual financial situations. Understanding these factors is crucial for homeowners as they navigate their property tax responsibilities.
Average Datto Tax Bill
$150
Average Clay County Tax Bill
$445
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Datto, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72424 | $43 | $90 | $150 | $259 | $352 |
Source: Ownwell