Desha, Independence County, Arkansas Property Taxes
The median property tax rate in DESHA, AR is 0.68%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $60,150 in DESHA, the typical annual property tax bill amounts to $325, significantly below the national median of $2,690. Property taxes in DESHA are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding DESHA'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 DESHA or another part of Independence County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Desha, Independence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$409
$380
Ownwell’s DESHA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DESHA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DESHA 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 Desha, Independence County, Arkansas
Property taxes in Desha, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Desha is 0.68%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Desha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Desha 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 Desha's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72527 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Desha provides valuable insights into the varying tax landscape across Independence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Desha Tax Rate
0.68%
Average Independence County Tax Rate
0.72%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Desha, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72527 | 0.18% | 0.36% | 0.68% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Desha, Independence County, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Desha, Arkansas. 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 Independence 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 Desha, 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 Desha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 72527 has the highest and lowest median tax bills, both at $325.
Property Tax Assessment Values Across Desha, Independence County, Arkansas
Source: Ownwell
$37,550
$61,275
$85,000
Average Desha Assessed Value
$60,150
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 Desha, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72527 | $17,100 | $30,000 | $60,150 | $98,200 | $133,880 |
Source: Ownwell
Property Tax Bills Across Desha, Independence County, Arkansas
In Desha, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's size, location, and condition can influence its assessed value. The median home price in Desha is $60,150, which provides a baseline for understanding typical tax bills in the area. Homeowners in Desha can expect their tax bills to vary significantly. The 25th percentile tax bill is $120, while the 75th percentile tax bill is $630, and the 90th percentile tax bill reaches up to $1,037. These figures highlight the range of property tax burdens residents might face, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Desha's tax rates can result in relatively modest annual bills, offering some relief to homeowners in this region.
Average Desha Tax Bill
$325
Average Independence County Tax Bill
$426
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Desha, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72527 | $65 | $120 | $325 | $630 | $1,037 |
Source: Ownwell