Kingsland, Arkansas Property Taxes
The median property tax rate in Kingsland, AR is 0.94%, 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 Kingsland at $37,350, the typical annual property tax bill is around $350, which is significantly below the national median of $2,690. Property taxes in Kingsland are calculated 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 Kingsland'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 Kingsland or another part of Cleveland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kingsland, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$351
$326
Ownwell’s Kingsland Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kingsland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsland 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 Kingsland, Arkansas
Property taxes in Kingsland, Arkansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingsland is 0.94%, which is slightly below the U.S. national median of 0.99%. Local government entities in Kingsland set these rates annually, and they can vary across different neighborhoods. Each year, Kingsland 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 Kingsland's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 71652 has both the highest and lowest median property tax rate of 0.94%, indicating uniformity within the region. Understanding how these areas compare with Kingsland provides valuable insights into the varying tax landscape across Cleveland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingsland Tax Rate
0.94%
Average Cleveland County Tax Rate
0.92%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsland, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71652 | 0.69% | 0.84% | 0.94% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Kingsland, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kingsland, Arkansas. 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 Cleveland 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 Kingsland, 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. For instance, the median home price in Kingsland is $37,350, with tax bills ranging from $170 at the 25th percentile to $945 at the 90th percentile. The zip code 71652 has the highest and lowest median tax bill of $350. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kingsland Assessed Value
$37,350
Average Cleveland County Assessed Value
$55,200
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingsland, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71652 | $5,230 | $15,850 | $37,350 | $68,350 | $112,070 |
Source: Ownwell
Property Tax Bills Across Kingsland, Arkansas
In Kingsland, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. For example, if the median home price in Kingsland is $37,350, the assessed value will be a fraction of this amount, depending on local regulations. The property tax rate is then applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, understanding these factors is crucial as they directly impact the annual tax bill. In Kingsland, the tax bills can range significantly, with the 25th percentile at $170 and the 75th percentile at $630. At the 90th percentile, homeowners might see tax bills as high as $945. These figures provide a sense of how property taxes can vary, affecting homeowners' financial planning and budgeting. Compared to the national median property tax rate of 0.99%, Kingsland's property tax landscape presents unique challenges and opportunities for its residents.
Average Kingsland Tax Bill
$350
Average Cleveland County Tax Bill
$492
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsland, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71652 | $80 | $170 | $350 | $630 | $945 |
Source: Ownwell