Cash, Arkansas Property Taxes
The median property tax rate in CASH, AR is 0.83%, slightly lower than both the state median of 0.84% and the national median of 0.99%. With a median home value of $57,610 in CASH, the typical annual property tax bill is $451, significantly below the national median of $2,690. Property taxes in CASH are based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding CASH'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 CASH or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cash, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$478
Ownwell’s CASH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CASH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CASH 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 Cash, Arkansas
Property taxes in CASH, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CASH is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within CASH set these rates annually, and they can vary significantly across different neighborhoods. Each year, CASH 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 CASH's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72421 ZIP code has the highest median property tax rate of 0.83%, while the same ZIP code also has the lowest median tax rate of 0.83%. Understanding how these areas compare with CASH provides valuable insights into the varying tax landscape across Craighead County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cash Tax Rate
0.83%
Average Craighead County Tax Rate
0.83%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cash, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72421 | 0.58% | 0.69% | 0.83% | 0.89% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Cash, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in CASH, 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 Craighead 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 CASH, 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 CASH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In CASH, the highest median tax bill is $451 in the 72421 zip code, while the lowest median tax bill is also $451 in the same zip code.
Average Cash Assessed Value
$57,610
Average Craighead County Assessed Value
$151,595
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cash, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72421 | $16,411 | $30,978 | $57,610 | $101,638 | $177,247 |
Source: Ownwell
Property Tax Bills Across Cash, Arkansas
Property tax bills in CASH, Craighead County, AR, are calculated based on the assessed value of your property, which is a percentage of its market value. In this region, the median home price is $57,610. The local tax rate is applied to this assessed value to determine your annual tax bill. For instance, homeowners in the 25th percentile pay around $265 annually, while those in the 75th percentile see bills closer to $773. The top 10% of tax bills can reach up to $1,437. Several factors influence these calculations, including property location, market conditions, and any applicable exemptions. This method ensures that property taxes are proportionate to the property’s value, impacting homeowners by directly tying tax obligations to the worth of their homes. Comparatively, the national median property tax rate is 0.99%, which offers a benchmark for understanding how local rates stack up. By understanding these components, homeowners can better anticipate their financial responsibilities and plan accordingly.
Average Cash Tax Bill
$451
Average Craighead County Tax Bill
$1,210
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Cash, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72421 | $111 | $265 | $451 | $773 | $1,437 |
Source: Ownwell