Bee Branch, Arkansas Property Taxes
The median property tax rate in Bee Branch, AR is 0.66%, 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 $58,550 in Bee Branch, the typical annual property tax bill is $206, significantly below the national median of $2,690. Property taxes in Bee Branch 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 properties. Understanding Bee Branch'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 Bee Branch or another part of Conway County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bee Branch, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$386
$359
Ownwell’s BEE BRANCH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BEE BRANCH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BEE BRANCH 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 Bee Branch, Arkansas
Property taxes in Bee Branch, Arkansas, are essential for funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Bee Branch is 0.66%, lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Bee Branch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bee Branch 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 Bee Branch's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72013 zip code has the highest median property tax rate of 0.66%, while the 72013 zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Bee Branch 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 Bee Branch Tax Rate
0.66%
Average Conway County Tax Rate
0.63%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bee Branch, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72013 | 0.16% | 0.23% | 0.66% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Bee Branch, Arkansas
In Bee Branch, 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 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 Bee Branch, 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 Bee Branch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 72013, with a value of $206.00, which is also the lowest median tax bill in the area.
Average Bee Branch Assessed Value
$58,550
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 Bee Branch, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72013 | $15,660 | $28,750 | $58,550 | $105,300 | $151,530 |
Source: Ownwell
Property Tax Bills Across Bee Branch, Arkansas
In Bee Branch, located in Conway County, AR, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. For instance, the median home price in Bee Branch is $58,550. The tax rate is applied to this assessed value to determine the annual tax bill. Various factors, including the property's location, size, and improvements, influence the assessed value. Homeowners in Bee Branch experience a range of property tax bills. At the 25th percentile, the tax bill is $88, while the 75th percentile sees a tax bill of $629. For those at the 90th percentile, the tax bill climbs to $1,034. Comparatively, the national median property tax rate is 0.99%, and Bee Branch's property tax rates can vary significantly within the area. The highest median tax bill in Bee Branch is $206, which is relatively modest compared to national figures. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Bee Branch Tax Bill
$206
Average Conway County Tax Bill
$532
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bee Branch, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72013 | $31 | $88 | $206 | $629 | $1,034 |
Source: Ownwell