Shirley, Cleburne County, Arkansas Property Taxes
The median property tax rate in Shirley, AR, is 0.61%, considerably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Shirley at $173,720, the typical annual property tax bill reaches $977, significantly below the national median of $2,690. Property taxes in Shirley 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 Shirley'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 Shirley 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
Shirley, Cleburne County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,060
$983
Ownwell’s Shirley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shirley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shirley 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 Shirley, Cleburne County, Arkansas
Property taxes in Shirley, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shirley is 0.61%, significantly lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Shirley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shirley 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 Shirley's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72153 has both the highest and lowest median property tax rate in the region, standing at 0.61%. Understanding how these areas compare with Shirley 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 Shirley Tax Rate
0.61%
Average Cleburne County Tax Rate
0.67%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shirley, Cleburne County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72153 | 0.25% | 0.45% | 0.61% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Shirley, Cleburne County, Arkansas
In Shirley, 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 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 Shirley, 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 Shirley is $173,720, with tax bills varying significantly. The 25th percentile tax bill is $448, while the 75th percentile reaches $1,737, and the 90th percentile hits $2,571. The highest and lowest median tax bills are both $977, found in zip code 72153. Understanding these valuation concepts helps property owners navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Property Tax Assessment Values Across Shirley, Cleburne County, Arkansas
Source: Ownwell
$58,295
$159,485
$260,675
Average Shirley Assessed Value
$173,720
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 Shirley, Cleburne County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72153 | $49,942 | $100,730 | $173,720 | $318,418 | $385,696 |
Source: Ownwell
Property Tax Bills Across Shirley, Cleburne County, Arkansas
In Shirley, 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 Shirley stands at $173,720. To determine the tax bill, local tax assessors evaluate the property's market value and then apply the appropriate tax rate. This rate is influenced by various factors, including local government budgets and public service funding needs. For homeowners, understanding these calculations is crucial, as it directly impacts their annual expenses. In Shirley, the property tax bills can vary significantly. For instance, the 25th percentile tax bill is $448, while the 75th percentile tax bill is $1,737, and the 90th percentile tax bill reaches up to $2,571. These figures highlight the range of possible tax liabilities homeowners might face. By comparing these values to the national median property tax rate of 0.99%, it becomes evident how regional differences can affect overall affordability and financial planning for homeowners in Shirley.
Average Shirley Tax Bill
$977
Average Cleburne County Tax Bill
$753
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Shirley, Cleburne County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72153 | $186 | $448 | $977 | $1,737 | $2,571 |
Source: Ownwell