Arkansas City, Arkansas Property Taxes
The median property tax rate in Arkansas City, AR is 0.63%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $38,000 in Arkansas City, the typical annual property tax bill is $236, well below the national median of $2,690. Property taxes in Arkansas City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Arkansas City'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 Arkansas City or another part of Desha County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arkansas City, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$239
$222
Ownwell’s Arkansas City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arkansas City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arkansas City 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 Arkansas City, Arkansas
Property taxes in Arkansas City, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arkansas City is 0.63%, lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Arkansas City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arkansas City 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 Arkansas City's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71630 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Arkansas City provides valuable insights into the varying tax landscape across Desha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arkansas City Tax Rate
0.63%
Average Desha County Tax Rate
0.95%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arkansas City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71630 | 0.44% | 0.49% | 0.63% | 0.96% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Arkansas City, Arkansas
In Arkansas City, 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 Desha 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 Arkansas City, 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. The zip code with the highest median tax bill is 71630, with a median tax bill of $236, which is also the lowest median tax bill in the area. Being aware of these valuation processes in Arkansas City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arkansas City Assessed Value
$38,000
Average Desha County Assessed Value
$52,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arkansas City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71630 | $9,600 | $20,925 | $38,000 | $61,550 | $85,930 |
Source: Ownwell
Property Tax Bills Across Arkansas City, Arkansas
In Arkansas City, Desha County, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in this area is $38,000. Property taxes are determined by multiplying the assessed value by the local tax rate. The tax bill can vary significantly, with the 25th percentile at $136 and the 75th percentile reaching $397. For higher-valued properties, the 90th percentile tax bill can be as high as $695. The highest and lowest median tax bills in the area both stand at $236, specifically in the 71630 zip code. Compared to the national median property tax rate of 0.99%, Arkansas City's rate is relatively lower, which can be beneficial for homeowners. Lower property taxes can make homeownership more affordable, but it also means that local governments may have less revenue for public services. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Arkansas City Tax Bill
$236
Average Desha County Tax Bill
$449
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Arkansas City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71630 | $63 | $136 | $236 | $397 | $695 |
Source: Ownwell