Star City, Arkansas Property Taxes
The median property tax rate in Star City, AR is 0.92%, 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 Star City at $45,800, the typical annual property tax bill is $403, significantly below the national median of $2,690. Property taxes in Star City are calculated based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Star City'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 Star City or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Star City, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$421
$391
Ownwell’s STAR CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR CITY 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 Star City, Arkansas
Property taxes in Star City, Arkansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Star City is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Star City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Star City 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 Star City's effective property tax rate to other areas in Cleveland County and the national median. For comparison, the zip code 71667 has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these areas compare with Star City 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 Star City 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 Star City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71667 | 0.72% | 0.89% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Star City, Arkansas
In Star City, 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 Assessor 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 Star City, 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 Star City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 71667 has both the highest and lowest median tax bill at $403.
Average Star City Assessed Value
$45,800
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 Star City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71667 | $14,320 | $24,850 | $45,800 | $87,900 | $136,020 |
Source: Ownwell
Property Tax Bills Across Star City, Arkansas
Property tax bills in Star City, Cleveland County, AR, are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $45,800, homeowners can expect varying tax bills. The 25th percentile tax bill is around $227, while the 75th percentile tax bill reaches $783, and the 90th percentile tax bill can go up to $1,185. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. Although the highest and lowest median tax bills in the area are both $403, this figure is relatively modest compared to the national median property tax rate of 0.99%. Consequently, the property tax burden in Star City is comparatively lower, providing some financial relief to homeowners in the region.
Average Star City Tax Bill
$403
Average Cleveland County Tax Bill
$492
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Star City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71667 | $150 | $227 | $403 | $783 | $1,185 |
Source: Ownwell