Crawfordsville, Arkansas Property Taxes
The median property tax rate in Crawfordsville, Arkansas is 0.93%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Crawfordsville at $65,925, the typical annual property tax bill is $576, significantly lower than the national median of $2,690. Property taxes in Crawfordsville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Crawfordsville'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 Crawfordsville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crawfordsville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$613
$569
Ownwell’s Crawfordsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crawfordsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crawfordsville 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 Crawfordsville, Arkansas
Property taxes in Crawfordsville, Arkansas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Crawfordsville is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Crawfordsville set these rates annually, and they can vary across different neighborhoods. Each year, Crawfordsville 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 Crawfordsville's effective property tax rate to other areas in Arkansas and the national median. For comparison, the 72327 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these areas compare with Crawfordsville 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 Crawfordsville Tax Rate
0.93%
Average Crittenden County Tax Rate
0.76%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crawfordsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72327 | 0.72% | 0.88% | 0.93% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Crawfordsville, Arkansas
In Crawfordsville, 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 Crawfordsville, 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 Crawfordsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $576.00, found in the 72327 zip code.
Average Crawfordsville Assessed Value
$65,925
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 Crawfordsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72327 | $7,255 | $23,100 | $65,925 | $145,950 | $237,555 |
Source: Ownwell
Property Tax Bills Across Crawfordsville, Arkansas
Property tax bills in Crawfordsville, Crittenden County, AR, are calculated based on the assessed value of the property, which is a percentage of the market value. The tax rate is applied to this assessed value to determine the annual tax bill. In Crawfordsville, the median home price is $65,925. Homeowners in the 25th percentile pay around $221 in property taxes, while those in the 75th percentile pay approximately $1,312. For the 90th percentile, the tax bill can reach up to $2,230. These taxes fund essential public services such as schools, emergency services, and infrastructure. The highest median tax bill in the area is $576, found in the 72327 zip code. Compared to the national median property tax rate of 0.99%, Crawfordsville homeowners generally experience lower tax rates, which can make homeownership more affordable. Understanding these factors can help homeowners better anticipate their annual financial obligations and plan accordingly.
Average Crawfordsville Tax Bill
$576
Average Crittenden County Tax Bill
$662
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Crawfordsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72327 | $73 | $221 | $576 | $1,312 | $2,230 |
Source: Ownwell