Adona, Arkansas Property Taxes
The median property tax rate in Adona, AR is 0.63%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $76,100 in Adona, the typical annual property tax bill amounts to $477, significantly below the national median of $2,690. Property taxes in Adona are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Adona's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're residing in the heart of Adona or another part of the city, gaining insights into the local property tax system can greatly benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adona, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$479
$445
Ownwell’s Adona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adona 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 Adona, Arkansas
Property taxes in Adona, Arkansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Adona is 0.63%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Adona set these rates annually, and they can vary across different neighborhoods. Each year, Adona 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. For comparison, the highest and lowest median property tax rates in Conway County are both 0.63%, consistent with Adona's rate. Understanding how these cities compare with Adona provides valuable insights into the varying tax landscape across Conway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adona Tax Rate
0.63%
Average Conway County Tax Rate
0.63%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adona, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72001 | 0.13% | 0.41% | 0.63% | 0.91% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Adona, Arkansas
In Adona, 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 Conway 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 Adona, 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 Adona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Adona is $477 in the 72001 zip code, which is also the lowest.
Average Adona Assessed Value
$76,100
Average Conway County Assessed Value
$84,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adona, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72001 | $9,620 | $29,300 | $76,100 | $148,350 | $182,450 |
Source: Ownwell
Property Tax Bills Across Adona, Arkansas
In Adona, located in Conway County, AR, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of the market value. The median home price in Adona stands at $76,100. Homeowners can expect their tax bills to vary significantly depending on the assessed value and specific tax rates applied by local taxing authorities. Several factors contribute to the final tax bill, including the property's location within the county and any applicable exemptions or deductions. For example, the 25th percentile tax bill is $121, while the 75th percentile tax bill reaches $839, indicating a wide range of possible tax amounts. At the 90th percentile, homeowners might see tax bills as high as $1,182. Compared to the national median property tax rate of 0.99%, Adona's property tax rates can be relatively manageable, with the highest median tax bill recorded at $477 in the 72001 zip code. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Adona Tax Bill
$477
Average Conway County Tax Bill
$532
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Adona, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72001 | $30 | $121 | $477 | $839 | $1,182 |
Source: Ownwell