Rose Bud, Arkansas Property Taxes
The median property tax rate in Rose Bud, AR is 0.64%, considerably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Rose Bud at $72,510, the typical annual property tax bill amounts to $355, which is significantly below the national median of $2,690. Property taxes in Rose Bud are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rose Bud'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 Rose Bud 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
Rose Bud, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$464
Ownwell’s Rose Bud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rose Bud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rose Bud 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 Rose Bud, Arkansas
Property taxes in Rose Bud, Arkansas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rose Bud is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Rose Bud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rose Bud 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 Rose Bud's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72137 zip code has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Rose Bud provides valuable insights into the varying tax landscape across Cleburne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rose Bud Tax Rate
0.64%
Average Cleburne County Tax Rate
0.67%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rose Bud, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72137 | 0.15% | 0.36% | 0.64% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Rose Bud, Arkansas
In Rose Bud, 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 Cleburne County Assessor's Office 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 Rose Bud, 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 Rose Bud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Rose Bud is $355.00 in zip code 72137, while the lowest median tax bill is also $355.00 in the same zip code.
Average Rose Bud Assessed Value
$72,510
Average Cleburne County Assessed Value
$128,200
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rose Bud, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72137 | $18,314 | $34,388 | $72,510 | $130,412 | $208,758 |
Source: Ownwell
Property Tax Bills Across Rose Bud, Arkansas
In Rose Bud, located in Cleburne County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Rose Bud is $72,510. Property taxes in this region are relatively modest compared to the national median property tax rate of 0.99%. Factors influencing the tax bill include the home's assessed value and the local tax rate. For instance, the 25th percentile tax bill in Rose Bud is around $156, while the 75th percentile tax bill reaches approximately $910. At the higher end, the 90th percentile tax bill can be as much as $1,430. These figures reflect the variance in property values and local tax rates within the area. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Lower property taxes can make homeownership more affordable, but they also influence the funding for local services such as schools and infrastructure.
Average Rose Bud Tax Bill
$355
Average Cleburne County Tax Bill
$753
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Rose Bud, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72137 | $45 | $156 | $355 | $910 | $1,430 |
Source: Ownwell