Dolph, Arkansas Property Taxes
The median property tax rate in Dolph, 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 Dolph, the typical annual property tax bill reaches $423, significantly below the national median of $2,690. Property taxes in Dolph are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dolph'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 Dolph 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
Dolph, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Dolph Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dolph with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dolph to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan financially. 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 Dolph, Arkansas
Property taxes in Dolph, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dolph is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Dolph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dolph 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 Dolph's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72528 zip code in Fulton County has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Dolph provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dolph Tax Rate
0.75%
Average Fulton County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dolph, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72528 | 0.68% | 0.70% | 0.75% | 0.79% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Dolph, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dolph, AR. 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 Fulton 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 Dolph, 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. Dolph has a median home price of $55,400, with the highest median tax bill recorded at $423 in the 72528 zip code, which is also the zip code with the lowest median tax bill. Being aware of these valuation processes in Dolph helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dolph Assessed Value
$55,400
Average Fulton County Assessed Value
$68,050
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dolph, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72528 | $46,480 | $49,825 | $55,400 | $60,975 | $64,320 |
Source: Ownwell
Property Tax Bills Across Dolph, Arkansas
In Dolph, located in Fulton County, AR, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value of the property. Homeowners in Dolph see a range of property tax bills, with the 25th percentile at $358 and the 75th percentile at $489, while the 90th percentile reaches $528. These figures indicate the variability in property tax amounts depending on the home's assessed value and specific location within the city. The median home price in Dolph is $55,400, which influences the tax bill significantly. Compared to the national median property tax rate of 0.99%, Dolph's rates can be seen as relatively modest. However, the impact on homeowners can still be substantial, especially for those on fixed incomes or with lower-valued properties. Calculating property taxes accurately ensures that homeowners can budget effectively and understand their financial obligations. This system aims to distribute the tax burden equitably based on property values, thereby funding essential local services.
Average Dolph Tax Bill
$423
Average Fulton County Tax Bill
$483
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Dolph, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72528 | $319 | $358 | $423 | $489 | $528 |
Source: Ownwell