Stamps, Arkansas Property Taxes
The median property tax rate in Stamps, AR is 0.88%, 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 $49,800 in Stamps, the typical annual property tax bill is $424, which is significantly below the national median of $2,690. Property taxes in Stamps 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 Stamps' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stamps or another part of Columbia County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stamps, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$438
Ownwell’s Stamps Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stamps with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stamps 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 Stamps, Arkansas
Property taxes in Stamps, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stamps is 0.88%, slightly lower than the U.S. national median of 0.99%. Local government entities within Stamps set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stamps 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 Stamps' effective property tax rate to other regions in Arkansas and the national median. For comparison, the zip code 71860 has both the highest and lowest median property tax rate of 0.88%. Understanding how these areas compare with Stamps 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 Stamps Tax Rate
0.88%
Average Columbia County Tax Rate
0.78%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stamps, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71860 | 0.71% | 0.78% | 0.88% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Stamps, Arkansas
In Stamps, 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 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 Stamps, 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 Stamps helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 71860, with a median tax bill of $424.
Average Stamps Assessed Value
$49,800
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 Stamps, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71860 | $3,080 | $26,250 | $49,800 | $82,400 | $176,990 |
Source: Ownwell
Property Tax Bills Across Stamps, Arkansas
In Stamps, Columbia County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in the area is $49,800. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Stamps can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $270, while the 75th percentile tax bill reaches $734. At the higher end, the 90th percentile tax bill is $1,478. These figures indicate that property taxes can have a notable impact on household budgets, particularly for those with higher-valued properties. Compared to the national median property tax rate of 0.99%, the property taxes in this region are relatively moderate, making it an appealing area for homeowners looking for affordable living expenses.
Average Stamps Tax Bill
$424
Average Columbia County Tax Bill
$400
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Stamps, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71860 | $106 | $270 | $424 | $734 | $1,478 |
Source: Ownwell