Dierks, Arkansas Property Taxes
The median property tax rate in Dierks, AR is 0.99%, aligning with the national median and higher than the Arkansas state median of 0.84%. With a median home value of $45,450 in Dierks, the typical annual property tax bill is $463, which is significantly lower than the national median of $2,690. Property taxes in Dierks are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Dierks'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 Dierks 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
Dierks, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$450
$418
Ownwell’s Dierks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dierks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dierks 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 Dierks, Arkansas
Property taxes in Dierks, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dierks is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Dierks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dierks 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 Dierks's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71833 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Dierks provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dierks Tax Rate
0.99%
Average Howard County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dierks, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71833 | 0.78% | 0.99% | 0.99% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Dierks, Arkansas
In Dierks, 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 Howard 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 Dierks, 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 Dierks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dierks is $45,450, with tax bills ranging from $240 at the 25th percentile to $1,423 at the 90th percentile. The highest and lowest median tax bills are both $463, found in the 71833 zip code.
Average Dierks Assessed Value
$45,450
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 Dierks, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71833 | $6,390 | $21,875 | $45,450 | $89,475 | $141,780 |
Source: Ownwell
Property Tax Bills Across Dierks, Arkansas
In Dierks, located in Howard County, AR, property tax bills are calculated based on the assessed value of a property. The assessed value is typically a percentage of the property's market value. Homeowners in Dierks experience property tax rates that are relatively low compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, applicable tax rates, and any exemptions or deductions for which the homeowner may qualify. For instance, the median home price in Dierks is $45,450, and property tax bills can range significantly. The 25th percentile tax bill is around $240, while the 75th percentile reaches approximately $876, and the 90th percentile can go up to $1,423. This variation means that homeowners in Dierks can expect their property tax bills to differ based on their specific property values and any eligible exemptions, impacting their overall financial planning and homeownership costs.
Average Dierks Tax Bill
$463
Average Howard County Tax Bill
$510
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Dierks, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71833 | $123 | $240 | $463 | $876 | $1,423 |
Source: Ownwell