Earle, Arkansas Property Taxes
The median property tax rate in Earle, AR is 0.89%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $45,275 in Earle, the typical annual property tax bill is $398, significantly below the national median of $2,690. Property taxes in Earle are calculated based on the assessed value, which often falls below market value due to exemptions like the primary residence and agricultural exemptions. Understanding Earle'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 Earle 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
Earle, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$403
$374
Ownwell’s Earle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Earle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Earle 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 Earle, Arkansas
Property taxes in Earle, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Earle is 0.89%, which is slightly below the U.S. national median of 0.99%. Local government entities within Earle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Earle 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 Earle's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72331 has both the highest and lowest median property tax rate in the area at 0.89%. Understanding how these areas compare with Earle provides valuable insights into the varying tax landscape across Cross County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Earle Tax Rate
0.89%
Average Cross County Tax Rate
0.77%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Earle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72331 | 0.40% | 0.65% | 0.89% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Earle, Arkansas
In Earle, 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 Cross 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 Earle, 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. The median home price in Earle is $45,275, with property tax bills ranging significantly. For instance, the 25th percentile tax bill is $196, while the 75th percentile tax bill is $606. The highest and lowest median tax bills both stand at $398 in the 72331 zip code. 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 Earle Assessed Value
$45,275
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 Earle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72331 | $12,350 | $19,538 | $45,275 | $71,188 | $113,450 |
Source: Ownwell
Property Tax Bills Across Earle, Arkansas
In Earle, located in Cross County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Earle stands at $45,275. Property taxes are then determined by applying the local tax rate to this assessed value. For homeowners in Earle, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $196, while the 75th percentile reaches $606, and the 90th percentile can go up to $976. These variations depend on factors such as property size, location, and any applicable exemptions. The median property tax bill in the area is $398, which is lower than the national median property tax rate of 0.99%. Understanding these factors helps homeowners in Earle anticipate their annual tax obligations and plan their finances accordingly. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners based on their property's assessed worth.
Average Earle Tax Bill
$398
Average Cross County Tax Bill
$467
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Earle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72331 | $92 | $196 | $398 | $606 | $976 |
Source: Ownwell