Emerson, Arkansas Property Taxes
The median property tax rate in Emerson, AR is 0.91%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $41,550 in Emerson, the typical annual property tax bill amounts to $381, significantly below the national median of $2,690. Property taxes in Emerson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Emerson'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 Emerson or another part of Columbia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Emerson, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$378
$351
Ownwell’s Emerson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emerson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Emerson 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 Emerson, Arkansas
Property taxes in Emerson, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emerson is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Emerson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Emerson 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 Emerson's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71740 area has the highest median property tax rate of 0.91%, while the 71740 area also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Emerson provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Emerson Tax Rate
0.91%
Average Columbia County Tax Rate
0.78%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emerson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71740 | 0.66% | 0.81% | 0.91% | 0.91% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Emerson, Arkansas
In Emerson, 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 Columbia 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 Emerson, 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 Emerson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median tax bill in Emerson ranges significantly, with the lowest and highest median tax bills both being $381 in the 71740 zip code.
Average Emerson Assessed Value
$41,550
Average Columbia County Assessed Value
$50,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Emerson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71740 | $3,790 | $16,100 | $41,550 | $92,950 | $165,500 |
Source: Ownwell
Property Tax Bills Across Emerson, Arkansas
In Emerson, Columbia County, AR, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For homeowners in Emerson, the median home price stands at $41,550. Tax bills can vary significantly, with the 25th percentile at $185 and the 75th percentile reaching $756. At the 90th percentile, tax bills can go as high as $1,374. These figures illustrate the variability in tax obligations depending on property values and applicable exemptions. The property tax rate in Emerson is influenced by local government budgets, school funding, and other municipal needs. Compared to the national median property tax rate of 0.99%, the rates in Emerson are relatively moderate. The highest median tax bill in the area is $381, found in zip code 71740, which also has the lowest median tax bill at the same amount. This consistency indicates a stable property tax environment for residents, providing predictability in annual expenses.
Average Emerson Tax Bill
$381
Average Columbia County Tax Bill
$400
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Emerson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71740 | $70 | $185 | $381 | $756 | $1,374 |
Source: Ownwell