Jordan, Arkansas Property Taxes
The median property tax rate in Jordan, Arkansas is 0.93%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $55,850 in Jordan, the typical annual property tax bill reaches $521, which is significantly below the national median of $2,690. Property taxes in Jordan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Jordan'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 Jordan or another part of Fulton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jordan, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$519
$482
Ownwell’s Jordan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jordan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jordan 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 Jordan, Arkansas
Property taxes in Jordan, AR, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jordan is 0.59%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Jordan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jordan 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 Jordan's effective property tax rate to other counties in Arkansas and the national median. For comparison, the highest median property tax rate in the region is 0.61% in 72539, while the lowest median tax rate is 0.59% in 72519. Understanding how these cities compare with Jordan 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 Jordan 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 Jordan, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | 0.76% | 0.88% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Jordan, Arkansas
In Jordan, 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 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 Jordan, 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. For instance, the median home price in Jordan is $55,850, with tax bills ranging from $228 at the 25th percentile to $1,265 at the 90th percentile. The zip code 72519 has the highest and lowest median tax bill, both at $521. 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 Jordan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jordan Assessed Value
$55,850
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 Jordan, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | $20,010 | $33,900 | $55,850 | $66,250 | $137,080 |
Source: Ownwell
Property Tax Bills Across Jordan, Arkansas
In Jordan, located in Fulton County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For example, if a home has a median market price of $55,850, the assessed value is determined by local assessment rules. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. In Jordan, the 25th percentile tax bill is $228, while the 75th percentile tax bill is $586. The 90th percentile tax bill can go up to $1,265, showing a range of what homeowners might expect to pay. Compared to the national median property tax rate of 0.99%, homeowners in Jordan may find their tax bills relatively affordable. However, these taxes can still significantly impact household budgets, making it crucial for homeowners to understand their property tax obligations and explore potential savings.
Average Jordan Tax Bill
$521
Average Fulton County Tax Bill
$483
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Jordan, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | $152 | $228 | $521 | $586 | $1,265 |
Source: Ownwell