Maumelle, Arkansas Property Taxes
The median property tax rate in Maumelle, AR is 0.98%, just below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $257,475 in Maumelle, the typical annual property tax bill amounts to $2,516, which is slightly under the national median of $2,690. Property taxes in Maumelle are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Maumelle's property tax system and exploring available exemptions can lead to significant annual savings. Whether you're in the heart of Maumelle or another part of Faulkner County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maumelle, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$2,523
Ownwell’s Maumelle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maumelle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maumelle 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 Maumelle, Arkansas
Property taxes in Maumelle, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maumelle is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Maumelle set these rates annually, and they can vary across different neighborhoods. Each year, Maumelle 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 Maumelle's effective property tax rate to other areas in Faulkner County and the national median. For comparison, the zip code 72113 in Maumelle has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Maumelle provides valuable insights into the varying tax landscape across Faulkner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maumelle Tax Rate
0.98%
Average Faulkner County Tax Rate
0.96%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maumelle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72113 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Maumelle, Arkansas
In Maumelle, 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 Faulkner 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 Maumelle, 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 Maumelle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,516, found in the 72113 zip code. Similarly, the lowest median tax bill is also $2,516 in the 72113 zip code. By understanding these figures, property owners can gain insights into their tax obligations and explore ways to optimize their tax situation.
Average Maumelle Assessed Value
$257,475
Average Faulkner County Assessed Value
$149,500
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maumelle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72113 | $103,815 | $161,438 | $257,475 | $353,512 | $411,135 |
Source: Ownwell
Property Tax Bills Across Maumelle, Arkansas
In Maumelle, located in Faulkner County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Maumelle is $257,475. Homeowners can expect tax bills to vary significantly depending on specific factors such as property size, location, and any applicable exemptions. For instance, tax bills range from the 25th percentile at $1,580 to the 75th percentile at $3,452, with the 90th percentile reaching up to $4,013. These tax rates directly impact homeowners by influencing their annual financial obligations. While the national median property tax rate is 0.99%, the rates in Maumelle reflect local policies and economic conditions. Homeowners in Maumelle should be aware of these factors as they can affect overall affordability and long-term financial planning. The highest and lowest median tax bills both stand at $2,516 in the 72113 zip code, indicating a level of uniformity in property tax assessments within that area.
Average Maumelle Tax Bill
$2,516
Average Faulkner County Tax Bill
$1,390
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Maumelle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72113 | $1,018 | $1,580 | $2,516 | $3,452 | $4,013 |
Source: Ownwell