Pine Bluff, Arkansas Property Taxes
The median property tax rate in Pine Bluff, AR is 0.92%, slightly below the national median of 0.99% but above the Arkansas state median of 0.84%. With the median home value in Pine Bluff at $60,475, the typical annual property tax bill is around $506, which is significantly lower than the national median of $2,690. Property taxes in Pine Bluff are calculated based on the tax assessed value and can be influenced by various exemptions such as primary residence and agricultural exemptions. Understanding Pine Bluff'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 Pine Bluff 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
Pine Bluff, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$556
$516
Ownwell’s Pine Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Bluff 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 Pine Bluff, Arkansas
Property taxes in Pine Bluff, Arkansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Bluff is 0.92%, which is slightly below the U.S. national median of 0.99%. Local government entities within Pine Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Bluff 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 Pine Bluff's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71603 zip code has the highest median property tax rate of 0.92%, while the same 71603 zip code also has the lowest median tax rate of 0.92%. Understanding how these figures compare with Pine Bluff 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 Pine Bluff Tax Rate
0.92%
Average Cleveland County Tax Rate
0.92%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71603 | 0.71% | 0.85% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Pine Bluff, Arkansas
In Pine Bluff, 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 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 Pine Bluff, 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 Pine Bluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $506.00, found in the 71603 zip code, while the lowest median tax bill is also $506.00, again in the 71603 zip code.
Average Pine Bluff Assessed Value
$60,475
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 Pine Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71603 | $12,285 | $25,862 | $60,475 | $125,300 | $158,485 |
Source: Ownwell
Property Tax Bills Across Pine Bluff, Arkansas
In Pine Bluff, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local government determines the assessed value, and then the tax rate is applied to this assessed value to calculate the tax bill. Several factors influence this calculation, including the home's location, size, and condition. In Pine Bluff, the median home price is $60,475, and property taxes vary significantly. Homeowners in the 25th percentile pay around $241, while those in the 75th percentile face bills of about $1,072. The 90th percentile sees tax bills up to $1,420. The highest and lowest median tax bills in Pine Bluff are both $506, indicating some consistency in certain areas. These property taxes can have a substantial impact on homeowners, affecting their overall housing costs and financial planning. Comparatively, Pine Bluff's tax rates are influenced by local policies and economic conditions, differing from the national median property tax rate of 0.99%.
Average Pine Bluff Tax Bill
$506
Average Cleveland County Tax Bill
$492
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71603 | $177 | $241 | $506 | $1,072 | $1,420 |
Source: Ownwell