Clarkedale, Arkansas Property Taxes
The median property tax rate in Clarkedale, AR is 0.98%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Clarkedale at $162,750, the typical annual property tax bill reaches $1,564, which is below the national median of $2,690. Property taxes in Clarkedale 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 Clarkedale'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 Clarkedale or another part of Crittenden County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarkedale, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,595
Ownwell’s Clarkedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarkedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarkedale 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 Clarkedale, Arkansas
Property taxes in Clarkedale, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarkedale is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Clarkedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarkedale 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 Clarkedale's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72325 zip code has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Clarkedale provides valuable insights into the varying tax landscape across Crittenden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarkedale Tax Rate
0.98%
Average Crittenden County Tax Rate
0.76%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarkedale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72325 | 0.83% | 0.87% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Clarkedale, Arkansas
In Clarkedale, 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 Crittenden 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 Clarkedale, 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. For instance, the median home price in Clarkedale is $162,750, with tax bills ranging from $1,031 at the 25th percentile to $3,114 at the 90th percentile. Zip code 72325 has the highest and lowest median tax bill at $1,564. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clarkedale Assessed Value
$162,750
Average Crittenden County Assessed Value
$81,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarkedale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72325 | $60,660 | $106,320 | $162,750 | $265,750 | $365,450 |
Source: Ownwell
Property Tax Bills Across Clarkedale, Arkansas
In Clarkedale, property tax bills are calculated based on the assessed value of a home, which is determined by the Crittenden County assessor. The assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $162,750, the tax bill varies significantly across different percentiles. Homeowners in the 25th percentile can expect to pay around $1,031, while those in the 75th percentile might see bills as high as $2,351. At the 90th percentile, property tax bills can reach up to $3,114. These tax bills are influenced by various factors, such as property size, location, and improvements made to the home. The impact on homeowners can be substantial, as property taxes are a significant annual expense. Compared to the national median property tax rate of 0.99%, the rates in Clarkedale may vary, affecting the overall financial planning for homeowners in the area.
Average Clarkedale Tax Bill
$1,564
Average Crittenden County Tax Bill
$662
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarkedale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72325 | $570 | $1,031 | $1,564 | $2,351 | $3,114 |
Source: Ownwell