Gould, Arkansas Property Taxes
The median property tax rate in Gould, AR, is 0.75%, lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Gould at $111,650, the typical annual property tax bill is $807, significantly below the national median of $2,690. Property taxes in Gould 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 Gould'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 Gould 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
Gould, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$837
$777
Ownwell’s Gould Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gould with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gould 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 Gould, Arkansas
Property taxes in Gould, Arkansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gould is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Gould set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gould 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 Gould's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71643 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these areas compare with Gould 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 Gould Tax Rate
0.75%
Average Desha County Tax Rate
0.95%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gould, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71643 | 0.59% | 0.64% | 0.75% | 0.82% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Gould, Arkansas
In Gould, 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 Gould, 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 Gould helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $807.00, found in the zip code 71643.
Average Gould Assessed Value
$111,650
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 Gould, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71643 | $26,550 | $58,550 | $111,650 | $152,875 | $159,300 |
Source: Ownwell
Property Tax Bills Across Gould, Arkansas
In Gould, located in Desha County, AR, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. For homeowners in this area, the median home price is $111,650. The property tax rate in Gould is determined by local government authorities and is applied to the assessed value to calculate the annual tax bill. Factors such as property size, location, and improvements contribute to the assessed value, which in turn affects the tax bill. Homeowners in Gould can expect a tax bill ranging from $434 at the 25th percentile to $1,283 at the 90th percentile. The median tax bill stands at $807, which is relatively modest compared to the national median property tax rate of 0.99%. This means that while property taxes in Gould are a necessary expense for homeowners, they are generally lower than the national average, offering some financial relief.
Average Gould Tax Bill
$807
Average Desha County Tax Bill
$449
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Gould, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71643 | $196 | $434 | $807 | $954 | $1,283 |
Source: Ownwell