Delaplaine, Arkansas Property Taxes
The median property tax rate in Delaplaine, AR is 0.86%, slightly higher than the state median of 0.84% but lower than the national median of 0.99%. With the median home value in Delaplaine at $64,325, the typical annual property tax bill amounts to $533, significantly below the national median of $2,690. Property taxes in Delaplaine are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Delaplaine'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 Delaplaine or another part of Greene County, becoming familiar with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delaplaine, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$553
$513
Ownwell’s Delaplaine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delaplaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delaplaine 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 Delaplaine, Arkansas
Property taxes in Delaplaine, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delaplaine is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Delaplaine set these rates annually, and they can vary across different neighborhoods. Each year, Delaplaine 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 Delaplaine's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72425 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these figures compare with Delaplaine provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delaplaine Tax Rate
0.86%
Average Greene County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delaplaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72425 | 0.64% | 0.77% | 0.86% | 0.86% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Delaplaine, Arkansas
In Delaplaine, 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 Greene 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 Delaplaine, 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 Delaplaine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 72425 has both the highest and lowest median tax bill at $533.
Average Delaplaine Assessed Value
$64,325
Average Greene County Assessed Value
$101,950
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delaplaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72425 | $15,250 | $34,538 | $64,325 | $111,700 | $218,650 |
Source: Ownwell
Property Tax Bills Across Delaplaine, Arkansas
In Delaplaine, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate in Greene County is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $64,325, homeowners can expect varying tax bills depending on specific factors such as property size, location, and any applicable exemptions. The 25th percentile tax bill is $275, while the 75th percentile tax bill is $874. For those at the higher end, the 90th percentile tax bill reaches $1,795. These figures illustrate the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Delaplaine's tax rates can be relatively moderate, offering some relief to homeowners. Understanding these factors helps homeowners anticipate their property tax obligations and manage their financial planning more effectively.
Average Delaplaine Tax Bill
$533
Average Greene County Tax Bill
$820
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Delaplaine, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72425 | $120 | $275 | $533 | $874 | $1,795 |
Source: Ownwell