Pickens, Arkansas Property Taxes
The median property tax rate in Pickens, AR is 0.93%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Pickens, the typical annual property tax bill reaches $657, which is significantly below the national median of $2,690. Property taxes in Pickens are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pickens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pickens 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
Pickens, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$767
Ownwell’s Pickens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pickens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pickens 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 Pickens, Arkansas
Property taxes in Pickens, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pickens is 0.62%, 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 Pickens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickens 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 Pickens's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71662 has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Pickens 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 Pickens Tax Rate
0.93%
Average Desha County Tax Rate
0.95%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pickens, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71662 | 0.57% | 0.87% | 0.93% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Pickens, Arkansas
In Pickens, 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 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 Pickens, 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 Pickens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $657, found in ZIP code 71662.
Average Pickens Assessed Value
$82,500
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 Pickens, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71662 | $28,150 | $43,125 | $82,500 | $144,375 | $179,950 |
Source: Ownwell
Property Tax Bills Across Pickens, Arkansas
In Pickens, Arkansas, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Pickens is $82,500. Local tax rates are then applied to this assessed value to calculate the tax bill. For example, the 25th percentile tax bill in Pickens is $378, while the 75th percentile tax bill is $1,357. At the 90th percentile, homeowners might see tax bills as high as $1,706. Various factors influence the tax bill, including property size, location, and improvements. These property taxes fund essential services such as schools, infrastructure, and public safety, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Pickens offers a relatively lower property tax burden, making it a potentially attractive option for homeowners looking for affordability.
Average Pickens Tax Bill
$657
Average Desha County Tax Bill
$449
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickens, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71662 | $177 | $378 | $657 | $1,357 | $1,706 |
Source: Ownwell