Howard County, Arkansas Property Taxes
The median property tax rate in Howard County is 0.84%, which aligns with the Arkansas state median but is still below the national median of 0.99%. With the median home value in Howard County at $58,900, the typical annual property tax bill is approximately $510, significantly lower than the national median of $2,690. Property taxes in Howard County are determined based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Howard County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Nashville or another part of Howard County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Howard County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$495
$459
Ownwell’s Howard County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Howard County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Howard County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. The assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Howard County, Arkansas
Property taxes in Howard County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Howard County is 0.84%, which is lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Howard County set these rates annually, and they can vary significantly between different areas within the county. Each year, Howard County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Howard County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of Wickes has one of the higher property tax rates in Arkansas at 1.01%, while the city of Nashville boasts one of the lowest at 0.77%. Analyzing how Howard County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Howard County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howard County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbus | 0.57% | 0.81% | 0.81% | 0.81% | 0.81% |
| Dierks | 0.78% | 0.99% | 0.99% | 1.05% | 1.05% |
| Fulton | N/A | N/A | N/A | N/A | N/A |
| Mineral Springs | 0.63% | 0.77% | 0.81% | 0.91% | 0.91% |
| Nashville | 0.67% | 0.77% | 0.77% | 0.84% | 0.84% |
| Newhope | 0.80% | 0.99% | 0.99% | 1.01% | 1.01% |
| Saratoga | 0.62% | 0.80% | 0.81% | 0.81% | 0.81% |
| Umpire | N/A | N/A | N/A | N/A | N/A |
| Wickes | 0.92% | 1.01% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Howard County, Arkansas
In Howard County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Howard County Appraisal District. The assessed value, however, 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. Assessment notices in Howard County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Howard County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Howard County, Nashville has the highest median tax bill at $585, while Columbus has the lowest at $294.
Average Howard County Assessed Value
$58,900
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Howard County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbus | $1,755 | $19,300 | $34,575 | $55,650 | $154,015 |
| Dierks | $6,390 | $21,875 | $45,450 | $89,475 | $141,780 |
| Fulton | N/A | N/A | N/A | N/A | N/A |
| Mineral Springs | $7,620 | $22,100 | $45,075 | $82,612 | $126,140 |
| Nashville | $8,835 | $34,750 | $71,750 | $126,462 | $200,310 |
| Newhope | $9,750 | $23,500 | $45,050 | $92,600 | $157,120 |
| Saratoga | $6,400 | $24,538 | $42,650 | $74,325 | $104,175 |
| Umpire | N/A | N/A | N/A | N/A | N/A |
| Wickes | $7,450 | $21,175 | $43,550 | $90,050 | $133,200 |
Source: Ownwell
Property Tax Bills Across Howard County, Arkansas
In Howard County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region experience a median tax bill of $585 in Nashville, the highest in the county, while Columbus sees the lowest median tax bill at $294. These values are influenced by the county’s property tax rate and the assessed value of the property. For example, the tax bill for the 25th percentile stands at $267, while homeowners in the 75th percentile pay around $910. At the 90th percentile, the tax bill can reach up to $1,478. Factors such as property improvements, market conditions, and changes in local tax rates can affect the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Howard County's rates are relatively modest, offering some relief to homeowners. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Howard County Tax Bill
$510
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Howard County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbus | $72 | $155 | $294 | $446 | $1,137 |
| Dierks | $123 | $240 | $463 | $876 | $1,423 |
| Fulton | N/A | N/A | N/A | N/A | N/A |
| Mineral Springs | $107 | $200 | $385 | $685 | $1,047 |
| Nashville | $147 | $302 | $585 | $991 | $1,582 |
| Newhope | $95 | $221 | $429 | $802 | $1,562 |
| Saratoga | $160 | $207 | $346 | $594 | $860 |
| Umpire | N/A | N/A | N/A | N/A | N/A |
| Wickes | $165 | $271 | $446 | $911 | $1,310 |
Source: Ownwell