Poyen, Arkansas Property Taxes
The median property tax rate in Poyen, AR is 0.96%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $86,000 in Poyen, the typical annual property tax bill amounts to $750, which is significantly lower than the national median of $2,690. Property taxes in Poyen are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Poyen's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Poyen or another part of Grant County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Poyen, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$826
$766
Ownwell’s Poyen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poyen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poyen 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 Poyen, Arkansas
Property taxes in Poyen, Arkansas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Poyen is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Poyen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poyen 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 Poyen's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72128 has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Poyen 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 Poyen Tax Rate
0.96%
Average Grant County Tax Rate
0.85%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poyen, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72128 | 0.68% | 0.82% | 0.96% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Poyen, Arkansas
In Poyen, 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 Grant 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 Poyen, 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 Poyen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Poyen is $86,000, with tax bills ranging from $401 at the 25th percentile to $1,768 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 72128, with a median tax bill of $750.
Average Poyen Assessed Value
$86,000
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 Poyen, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72128 | $19,340 | $47,550 | $86,000 | $134,550 | $171,615 |
Source: Ownwell
Property Tax Bills Across Poyen, Arkansas
In Poyen, located in Grant County, AR, property tax bills are calculated using the assessed value of a home, which is a percentage of its market value. Local tax authorities determine this assessed value, and it forms the basis for the tax bill. The median home price in Poyen is $86,000, and the tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property location, assessed value, and local tax rates. Homeowners in Poyen can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is $401, while the 75th percentile tax bill is $1,322, and the 90th percentile tax bill reaches $1,768. These property taxes directly impact homeowners by contributing to community services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Poyen's rates provide a perspective on how local tax policies can influence the financial responsibilities of homeowners.
Average Poyen Tax Bill
$750
Average Grant County Tax Bill
$770
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Poyen, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72128 | $190 | $401 | $750 | $1,322 | $1,768 |
Source: Ownwell