White Hall, Arkansas Property Taxes
The median property tax rate in White Hall, AR is 0.82%, slightly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in White Hall at $65,900, the typical annual property tax bill reaches $542, which is significantly below the national median of $2,690. Property taxes in White Hall 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 White Hall'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 White Hall 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
White Hall, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$540
$501
Ownwell’s WHITE HALL Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in WHITE HALL with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in WHITE HALL to estimate your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across White Hall, Arkansas
Property taxes in White Hall, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Hall is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within White Hall set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Hall 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 for setting property tax rates. For comparison, the zip code 71602 has both the highest and lowest median property tax rate in the region at 0.82%. Understanding how these areas compare with White Hall 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 White Hall Tax Rate
0.82%
Average Grant County Tax Rate
0.85%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Hall, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71602 | 0.58% | 0.71% | 0.82% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across White Hall, Arkansas
In White Hall, 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 White Hall, 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 White Hall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in White Hall is $65,900, with tax bills ranging from $216 at the 25th percentile to $1,778 at the 90th percentile. The highest and lowest median tax bills in the area are both $542, found in zip code 71602.
Average White Hall Assessed Value
$65,900
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 White Hall, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71602 | $17,750 | $29,425 | $65,900 | $137,625 | $219,100 |
Source: Ownwell
Property Tax Bills Across White Hall, Arkansas
In White Hall, located in Grant County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, typically lower, to ensure fairness. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in White Hall experience a range of tax bills. For instance, the 25th percentile tax bill is $216, while the 75th percentile tax bill is $994. At the higher end, the 90th percentile tax bill reaches $1,778. Comparatively, the national median property tax rate stands at 0.99%. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life in White Hall. While the highest and lowest median tax bills in the area are both $542, it’s crucial for homeowners to understand how these taxes are calculated and how they contribute to the community.
Average White Hall Tax Bill
$542
Average Grant County Tax Bill
$770
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across White Hall, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71602 | $148 | $216 | $542 | $994 | $1,778 |
Source: Ownwell