Henderson, Arkansas Property Taxes
The median property tax rate in Henderson, Arkansas 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 Henderson at $149,100, the typical annual property tax bill is $1,390, which is below the national median of $2,690. Property taxes in Henderson 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 Henderson'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 Henderson 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
Henderson, 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 Henderson Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Henderson with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Henderson to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in analyzing trends at a neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Henderson, Arkansas
Property taxes in Henderson, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henderson is 0.93%, which is below the U.S. national median of 0.99%. Local government entities within Henderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henderson 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 Henderson's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72544 has both the highest and lowest median property tax rate of 0.93%. Understanding how these areas compare with Henderson 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 Henderson Tax Rate
0.93%
Average Fulton County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henderson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72544 | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Henderson, Arkansas. 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 Henderson, 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 Henderson 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 $1390, found in zip code 72544.
Average Henderson Assessed Value
$149,100
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 Henderson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72544 | $149,100 | $149,100 | $149,100 | $149,100 | $149,100 |
Source: Ownwell
Property Tax Bills Across Henderson, Arkansas
In Henderson, Fulton County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For example, with a median home price of $149,100, homeowners can expect a median property tax bill of $1,390. This amount is consistent across different percentiles, indicating a stable tax environment. Several factors influence the tax bill, including property improvements, neighborhood changes, and local government budgets. Homeowners should be aware that any significant changes to their property or surrounding area can affect their assessed value and, consequently, their tax bill. Compared to the national median property tax rate of 0.99%, Henderson's property tax rate provides a relatively predictable fiscal landscape for homeowners. Understanding these factors can help residents anticipate their annual property tax obligations and plan their finances accordingly.
Average Henderson Tax Bill
$1,390
Average Fulton County Tax Bill
$483
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Henderson, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72544 | $1,390 | $1,390 | $1,390 | $1,390 | $1,390 |
Source: Ownwell