Arkadelphia, Arkansas Property Taxes
The median property tax rate in Arkadelphia, Arkansas is 1.08%, which is higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Arkadelphia at $24,725, the typical annual property tax bill totals $263, which is significantly lower than the national median of $2,690. Property taxes in Arkadelphia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Arkadelphia'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 Arkadelphia 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
Arkadelphia, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$267
Ownwell’s Arkadelphia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arkadelphia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arkadelphia 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 Arkadelphia, Arkansas
Property taxes in Arkadelphia, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arkadelphia is 0.46%, which is lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Arkadelphia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arkadelphia 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 Arkadelphia's effective property tax rate to other counties in Arkansas and the national median. For comparison, the highest median property tax rate in Clark County is 0.46%, while the lowest median tax rate is also 0.46%. Understanding how these cities compare with Arkadelphia provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arkadelphia Tax Rate
1.08%
Average Dallas County Tax Rate
1.00%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arkadelphia, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71923 | 1.07% | 1.08% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Arkadelphia, Arkansas
In Arkadelphia, 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 Clark 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 Arkadelphia, 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 Arkadelphia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arkadelphia Assessed Value
$24,725
Average Dallas County Assessed Value
$34,750
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arkadelphia, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71923 | $5,920 | $12,700 | $24,725 | $46,525 | $60,915 |
Source: Ownwell
Property Tax Bills Across Arkadelphia, Arkansas
In Arkadelphia, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Arkadelphia can expect property taxes to vary significantly. For instance, the tax bill at the 25th percentile is $134, while at the 75th percentile, it's $491. The highest median tax bill in the area is $263, which is notably lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable in Arkadelphia, but it's essential for homeowners to stay informed about their property's assessed value and any potential exemptions they may qualify for. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Arkadelphia Tax Bill
$263
Average Dallas County Tax Bill
$345
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Arkadelphia, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71923 | $96 | $134 | $263 | $491 | $638 |
Source: Ownwell