Bearden, Arkansas Property Taxes
The median property tax rate in Bearden, AR is 0.86%, slightly below the national median of 0.99% but marginally higher than the Arkansas state median of 0.84%. With a median home value of $31,300 in Bearden, the typical annual property tax bill amounts to $281, which is significantly less than the national median of $2,690. Property taxes in Bearden 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 Bearden'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 Bearden or another part of Dallas County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bearden, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$269
Ownwell’s Bearden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bearden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bearden 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 Bearden, Arkansas
Property taxes in Bearden, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bearden is 0.47%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Bearden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bearden 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 Bearden's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71743 has the highest median property tax rate of 0.47%, while the zip code 71743 also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Bearden provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bearden Tax Rate
0.86%
Average Dallas County Tax Rate
1.00%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bearden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71720 | 0.79% | 0.86% | 0.86% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Bearden, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bearden, Arkansas. The market value represents 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 local 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 Bearden, 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 Bearden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bearden are both $281, found in zip code 71720.
Average Bearden Assessed Value
$31,300
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 Bearden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71720 | $5,220 | $15,025 | $31,300 | $66,600 | $93,880 |
Source: Ownwell
Property Tax Bills Across Bearden, Arkansas
In Bearden, Dallas County, AR, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The median home price in Bearden is $31,300. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value, impacting the final tax bill. For homeowners in Bearden, the property tax bill can vary significantly. At the 25th percentile, the tax bill is $137, while at the 75th percentile, it rises to $563. The 90th percentile sees tax bills as high as $829. These variations highlight how different factors can affect individual tax bills. Comparatively, the median property tax rate in Bearden is lower than the national median of 0.99%, making it relatively affordable for homeowners. Nonetheless, understanding these calculations helps homeowners anticipate their financial obligations and plan accordingly.
Average Bearden Tax Bill
$281
Average Dallas County Tax Bill
$345
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bearden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71720 | $50 | $137 | $281 | $563 | $829 |
Source: Ownwell