Independence County, Arkansas Property Taxes
The median property tax rate in Independence County is 0.72%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Independence County at $66,400, the typical annual property tax bill is approximately $426, well below the national median of $2,690. Property taxes in Independence County are calculated based on the assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural land. Understanding Independence County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Batesville or another part of Independence County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Independence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$478
$444
Ownwell’s Independence County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Independence County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Independence 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. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Independence County, Arkansas
Property taxes in Independence County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Independence County is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Independence County set these rates annually, and they can vary significantly between different areas within the county. Each year, Independence 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 Independence County's effective property tax rate with other counties and the national median. For comparison, the city of Judsonia has one of the higher property tax rates in Arkansas at 0.94%, while the city of Saffell boasts one of the lowest at 0.48%. Analyzing how Independence County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Independence County Tax Rate
0.72%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Independence County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Batesville | 0.18% | 0.41% | 0.74% | 0.95% | 1.07% |
| Bradford | 0.10% | 0.23% | 0.54% | 0.94% | 0.94% |
| Cave City | 0.13% | 0.35% | 0.64% | 0.89% | 0.95% |
| Charlotte | 0.15% | 0.28% | 0.57% | 0.94% | 0.95% |
| Concord | N/A | N/A | N/A | N/A | N/A |
| Cord | 0.18% | 0.43% | 0.76% | 0.94% | 0.94% |
| Cushman | 0.11% | 0.18% | 0.73% | 0.97% | 0.98% |
| Desha | 0.18% | 0.36% | 0.68% | 0.95% | 0.95% |
| Floral | 0.14% | 0.26% | 0.64% | 0.94% | 0.94% |
| Judsonia | N/A | N/A | N/A | N/A | N/A |
| Locust Grove | 0.11% | 0.25% | 0.59% | 0.95% | 0.95% |
| Magness | 0.13% | 0.22% | 0.75% | 1.04% | 1.04% |
| Mount Pleasant | N/A | N/A | N/A | N/A | N/A |
| Newark | 0.13% | 0.33% | 0.69% | 0.94% | 1.05% |
| Newport | 0.18% | 0.30% | 0.92% | 0.94% | 0.94% |
| Oil Trough | 0.12% | 0.23% | 0.61% | 0.94% | 0.99% |
| Pleasant Plains | 0.13% | 0.27% | 0.60% | 0.94% | 0.94% |
| Rosie | 0.15% | 0.33% | 0.72% | 0.94% | 1.01% |
| Saffell | 0.11% | 0.19% | 0.48% | 0.65% | 0.89% |
| Salado | N/A | N/A | N/A | N/A | N/A |
| Southside | 0.23% | 0.48% | 0.74% | 1.07% | 1.07% |
| Sulphur Rock | N/A | N/A | N/A | N/A | N/A |
| Thida | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Independence County, Arkansas
In Independence 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 Independence 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 Independence 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. In Independence County, Southside has the highest median tax bill at $572, while Bradford has the lowest at $150. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Independence County, Arkansas
Source: Ownwell
$37,550
$61,275
$85,000
Average Independence County Assessed Value
$66,400
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Independence County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Batesville | $22,810 | $41,100 | $71,300 | $126,050 | $193,020 |
| Bradford | $10,280 | $22,150 | $41,250 | $63,375 | $102,350 |
| Cave City | $18,985 | $36,412 | $76,500 | $129,475 | $178,200 |
| Charlotte | $12,850 | $28,275 | $56,250 | $96,275 | $133,550 |
| Concord | N/A | N/A | N/A | N/A | N/A |
| Cord | $17,750 | $32,588 | $63,425 | $105,438 | $190,675 |
| Cushman | $7,510 | $21,800 | $37,550 | $55,800 | $111,450 |
| Desha | $17,100 | $30,000 | $60,150 | $98,200 | $133,880 |
| Floral | $14,765 | $28,212 | $52,300 | $89,875 | $144,420 |
| Judsonia | N/A | N/A | N/A | N/A | N/A |
| Locust Grove | $16,295 | $30,475 | $51,325 | $89,325 | $140,780 |
| Magness | $18,240 | $23,200 | $42,250 | $55,500 | $74,780 |
| Mount Pleasant | N/A | N/A | N/A | N/A | N/A |
| Newark | $16,500 | $29,775 | $53,500 | $91,738 | $148,305 |
| Newport | $15,225 | $30,712 | $43,725 | $70,200 | $105,655 |
| Oil Trough | $11,905 | $27,400 | $48,575 | $66,612 | $122,200 |
| Pleasant Plains | $16,280 | $29,762 | $53,425 | $88,800 | $130,155 |
| Rosie | $22,980 | $45,300 | $74,850 | $147,100 | $247,700 |
| Saffell | $44,425 | $56,025 | $69,250 | $149,362 | $177,885 |
| Salado | N/A | N/A | N/A | N/A | N/A |
| Southside | $23,890 | $49,000 | $85,000 | $127,300 | $175,650 |
| Sulphur Rock | N/A | N/A | N/A | N/A | N/A |
| Thida | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Independence County, Arkansas
In Independence County, AR, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The county uses these assessed values to determine the tax liability for homeowners. Various factors influence the tax bill, including property location, improvements, and any applicable exemptions. For instance, the median home price in Independence County is $66,400, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Independence County experience a range of property tax bills. The 25th percentile tax bill is around $153, while the 75th percentile reaches approximately $854. At the higher end, the 90th percentile tax bill can be as much as $1,464. Notably, Southside has the highest median tax bill at $572, whereas Bradford has the lowest at $150. These figures highlight the variability in tax burdens across different areas within the county, impacting homeowners' financial planning and overall cost of living.
Average Independence County Tax Bill
$426
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Independence County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Batesville | $65 | $194 | $478 | $953 | $1,593 |
| Bradford | $26 | $65 | $150 | $417 | $616 |
| Cave City | $49 | $120 | $417 | $879 | $1,415 |
| Charlotte | $65 | $78 | $288 | $601 | $1,001 |
| Concord | N/A | N/A | N/A | N/A | N/A |
| Cord | $65 | $151 | $408 | $701 | $1,488 |
| Cushman | $15 | $65 | $155 | $305 | $617 |
| Desha | $65 | $120 | $325 | $630 | $1,037 |
| Floral | $47 | $83 | $247 | $547 | $1,007 |
| Judsonia | N/A | N/A | N/A | N/A | N/A |
| Locust Grove | $54 | $76 | $238 | $563 | $996 |
| Magness | $68 | $117 | $194 | $387 | $565 |
| Mount Pleasant | N/A | N/A | N/A | N/A | N/A |
| Newark | $59 | $126 | $321 | $655 | $1,130 |
| Newport | $80 | $119 | $251 | $384 | $837 |
| Oil Trough | $52 | $77 | $212 | $463 | $823 |
| Pleasant Plains | $53 | $91 | $273 | $572 | $872 |
| Rosie | $65 | $127 | $412 | $1,144 | $2,134 |
| Saffell | $63 | $87 | $319 | $904 | $1,158 |
| Salado | N/A | N/A | N/A | N/A | N/A |
| Southside | $76 | $245 | $572 | $997 | $1,535 |
| Sulphur Rock | N/A | N/A | N/A | N/A | N/A |
| Thida | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell