Cross County, Arkansas Property Taxes
The median property tax rate in Cross County is 0.77%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Cross County at $66,000, the typical annual property tax bill is approximately $467, significantly below the national median of $2,690. Property taxes in Cross County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Cross County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Wynne or another part of Cross County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cross County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$508
$472
Ownwell’s Cross County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cross County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cross County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to more local informational pages. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Cross County, Arkansas
Property taxes in Cross County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cross County is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Cross County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cross County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Cross County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of Hickory Ridge has one of the higher property tax rates in Arkansas at 0.99%, while the city of Cherry Valley boasts one of the lowest at 0.72%. Analyzing how Cross County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cross County Tax Rate
0.77%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cross County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cherry Valley | 0.13% | 0.32% | 0.72% | 0.99% | 1.08% |
| Colt | N/A | N/A | N/A | N/A | N/A |
| Earle | 0.40% | 0.65% | 0.89% | 1.29% | 1.29% |
| Heth | N/A | N/A | N/A | N/A | N/A |
| Hickory Ridge | 0.15% | 0.52% | 0.99% | 0.99% | 1.06% |
| Marked Tree | N/A | N/A | N/A | N/A | N/A |
| Mc Crory | 0.20% | 0.89% | 0.89% | 0.89% | 0.89% |
| Parkin | 0.21% | 0.89% | 0.95% | 0.95% | 0.95% |
| Vanndale | N/A | N/A | N/A | N/A | N/A |
| Wynne | 0.25% | 0.49% | 0.74% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Cross County, Arkansas
In Cross County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Cross County Appraisal District. The assessed value, however, 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. Assessment notices in Cross County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, in Cross County, Wynne has the highest median tax bill at $529, while Parkin has the lowest at $146. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Cross County Assessed Value
$66,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cross County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cherry Valley | $13,300 | $30,812 | $52,250 | $97,762 | $161,535 |
| Colt | N/A | N/A | N/A | N/A | N/A |
| Earle | $12,350 | $19,538 | $45,275 | $71,188 | $113,450 |
| Heth | N/A | N/A | N/A | N/A | N/A |
| Hickory Ridge | $13,560 | $25,150 | $43,675 | $88,562 | $177,615 |
| Marked Tree | N/A | N/A | N/A | N/A | N/A |
| Mc Crory | $14,150 | $17,025 | $31,000 | $49,450 | $93,800 |
| Parkin | $2,550 | $9,900 | $25,850 | $47,700 | $77,800 |
| Vanndale | N/A | N/A | N/A | N/A | N/A |
| Wynne | $17,150 | $39,300 | $73,550 | $126,600 | $195,630 |
Source: Ownwell
Property Tax Bills Across Cross County, Arkansas
In Cross County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this county see a range of tax bills, influenced by factors such as property location and home value. For instance, the median home price is $66,000, and tax bills can vary significantly. At the 25th percentile, homeowners might pay around $200, while those at the 75th percentile could see bills as high as $888. The 90th percentile tax bill reaches up to $1,498. The highest median tax bill in the county is found in Wynne, at $529, whereas Parkin has the lowest median tax bill of $146. These variations illustrate how property location within the county can impact tax obligations. With the national median property tax rate at 0.99%, Cross County homeowners generally experience lower property tax bills, making it a relatively affordable area in terms of property taxes.
Average Cross County Tax Bill
$467
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Cross County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cherry Valley | $50 | $143 | $359 | $741 | $1,473 |
| Colt | N/A | N/A | N/A | N/A | N/A |
| Earle | $92 | $196 | $398 | $606 | $976 |
| Heth | N/A | N/A | N/A | N/A | N/A |
| Hickory Ridge | $55 | $151 | $372 | $815 | $1,755 |
| Marked Tree | N/A | N/A | N/A | N/A | N/A |
| Mc Crory | $81 | $132 | $233 | $346 | $557 |
| Parkin | $17 | $44 | $146 | $320 | $572 |
| Vanndale | N/A | N/A | N/A | N/A | N/A |
| Wynne | $92 | $246 | $529 | $940 | $1,536 |
Source: Ownwell