Warren, Arkansas Property Taxes
The median property tax rate in Warren, Arkansas is 0.92%, which is slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Warren at $82,725, the typical annual property tax bill comes to $727, significantly lower than the national median of $2,690. Property taxes in Warren are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Warren'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 Warren or another part of Cleveland County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warren, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$761
$706
Ownwell’s Warren Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warren with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warren 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 Warren, Arkansas
Property taxes in Warren, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warren is 0.92%, which is slightly below the U.S. national median of 0.99%. Local government entities within Warren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warren 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 Warren's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71671 has the highest median property tax rate of 0.92%, while also having the lowest median tax rate of 0.92%. Understanding how these cities compare with Warren 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 Warren 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 Warren, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71671 | 0.65% | 0.92% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Warren, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warren, Cleveland County, 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 local 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 Warren, 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 Warren is $82,725, with tax bills ranging from $385 at the 25th percentile to $1,709 at the 90th percentile. The highest and lowest median tax bills are both $727 in the 71671 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warren Assessed Value
$82,725
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 Warren, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71671 | $13,550 | $45,025 | $82,725 | $135,100 | $201,000 |
Source: Ownwell
Property Tax Bills Across Warren, Arkansas
In Warren, Cleveland County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Factors like the home's location, size, and condition, as well as local tax rates, play a significant role in determining the final tax bill. For instance, the median home price in Warren is $82,725, and the property tax rate is applied to this assessed value to derive the tax bill. Homeowners in Warren can expect their tax bills to vary significantly, with the 25th percentile at $385 and the 75th percentile at $1,147. At the 90th percentile, the tax bill can reach up to $1,709. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Warren's property tax rates offer a perspective on how local economic factors influence tax obligations for homeowners.
Average Warren Tax Bill
$727
Average Cleveland County Tax Bill
$492
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Warren, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71671 | $160 | $385 | $727 | $1,147 | $1,709 |
Source: Ownwell