Horseshoe Bend, Arkansas Property Taxes
The median property tax rate in Horseshoe Bend, AR is 0.85%, slightly below the national median of 0.99% but just above the Arkansas state median of 0.84%. With the median home value in Horseshoe Bend at $48,975, the typical annual property tax bill is $416, significantly lower than the national median of $2,690. Property taxes in Horseshoe Bend 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 Horseshoe Bend'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 Horseshoe Bend 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
Horseshoe Bend, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$416
$386
Ownwell’s Horseshoe Bend Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential property owners looking to estimate their annual property taxes in Horseshoe Bend. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Horseshoe Bend to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value, determined by Fulton County, forms the basis for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Horseshoe Bend, Arkansas
Property taxes in Horseshoe Bend, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Horseshoe Bend is 0.85%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Horseshoe Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Horseshoe Bend 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 Horseshoe Bend's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72512 zip code has the highest median property tax rate of 0.85%, while the 72512 zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Horseshoe Bend 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 Horseshoe Bend Tax Rate
0.85%
Average Fulton County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Horseshoe Bend, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72512 | 0.77% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Horseshoe Bend, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Horseshoe Bend, 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 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 Horseshoe Bend, 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. The median home price in Horseshoe Bend is $48,975, with tax bills ranging from $379 at the 25th percentile to $506 at the 90th percentile. The zip code 72512 has the highest and lowest median tax bills at $416. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Horseshoe Bend Assessed Value
$48,975
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 Horseshoe Bend, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72512 | $43,850 | $44,625 | $48,975 | $56,138 | $66,725 |
Source: Ownwell
Property Tax Bills Across Horseshoe Bend, Arkansas
In Horseshoe Bend, located in Fulton County, AR, property tax bills are determined based on the assessed value of your home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate. In this city, the median home price is $48,975, and the property tax rate is relatively low compared to the national median of 0.99%. Homeowners in Horseshoe Bend can expect their annual tax bills to fall between $379 at the 25th percentile and $506 at the 90th percentile, with the highest median tax bill being $416 in the zip code 72512. Factors such as property improvements, neighborhood developments, and changes in the local tax rate can influence your property's assessed value and, consequently, your tax bill. For homeowners, this means that while property taxes here are generally manageable, any significant changes in property value or tax rates can affect their annual expenses. Understanding how these factors interplay is crucial for effective financial planning and property management.
Average Horseshoe Bend Tax Bill
$416
Average Fulton County Tax Bill
$483
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Horseshoe Bend, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72512 | $373 | $379 | $416 | $477 | $506 |
Source: Ownwell