Pine Bluff, Grant County, Arkansas Property Taxes
The median property tax rate in Pine Bluff, AR is 0.80%, slightly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Pine Bluff at $75,600, the typical annual property tax bill reaches $533, significantly below the national median of $2,690. Property taxes in Pine Bluff are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pine Bluff'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 Pine Bluff 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
Pine Bluff, Grant County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$605
$561
Ownwell’s Pine Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Bluff 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 Pine Bluff, Grant County, Arkansas
Property taxes in Pine Bluff, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Bluff is 0.80%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Pine Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Bluff 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 Pine Bluff's effective property tax rate to other areas in Arkansas and the national median. For comparison, the 72128 zip code has the highest median property tax rate of 0.90%, while the 71602 zip code has the lowest median tax rate of 0.70%. Understanding how these areas compare with Pine Bluff provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Bluff Tax Rate
0.80%
Average Grant County Tax Rate
0.85%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Bluff, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71602 | N/A | N/A | N/A | N/A | N/A |
| 71603 | 0.61% | 0.72% | 0.80% | 0.90% | 0.90% |
| 72128 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Pine Bluff, Grant County, Arkansas
In Pine Bluff, 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 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 Pine Bluff, 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 Pine Bluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Pine Bluff is $554 in the 71603 zip code, while the lowest is $145 in the 72128 zip code.
Property Tax Assessment Values Across Pine Bluff, Grant County, Arkansas
Source: Ownwell
$42,150
$92,975
$143,800
Average Pine Bluff Assessed Value
$75,600
Average Grant County Assessed Value
$100,075
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Bluff, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71602 | N/A | N/A | N/A | N/A | N/A |
| 71603 | $16,100 | $46,275 | $75,625 | $113,762 | $157,310 |
| 72128 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Pine Bluff, Grant County, Arkansas
Property tax bills in Pine Bluff, located in Grant County, Arkansas, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Pine Bluff is $75,600. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $297 and the 75th percentile at $911. At the higher end, the 90th percentile tax bill reaches $1,222. Several factors influence these tax bills, including property location, size, and any applicable exemptions. The highest median tax bill in the area is $554, found in the 71603 zip code, while the lowest median tax bill is $145 in the 72128 zip code. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Pine Bluff's rates can be relatively low, offering some financial relief to property owners.
Average Pine Bluff Tax Bill
$533
Average Grant County Tax Bill
$770
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Bluff, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71602 | N/A | N/A | N/A | N/A | N/A |
| 71603 | $145 | $323 | $554 | $955 | $1,257 |
| 72128 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell