Judsonia, Arkansas Property Taxes
The median property tax rate in Judsonia, AR is 0.94%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $42,250 in Judsonia, the typical annual property tax bill is around $220, significantly below the national median of $2,690. Property taxes in Judsonia are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Judsonia'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 Judsonia or another part of Independence County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Judsonia, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$397
Ownwell’s Judsonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Judsonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Judsonia 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 Judsonia, Arkansas
Property taxes in Judsonia, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Judsonia is 0.94%, which is lower than the U.S. national median of 0.99%. Local government entities within Judsonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Judsonia 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 Judsonia's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72081 zip code has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with Judsonia 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 Judsonia Tax Rate
0.94%
Average Independence County Tax Rate
0.72%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Judsonia, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72081 | 0.21% | 0.52% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Judsonia, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Judsonia, 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 Judsonia, 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 Judsonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest and lowest median tax bills is 72081, both at $220.
Average Judsonia Assessed Value
$42,250
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 Judsonia, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72081 | $13,790 | $23,450 | $42,250 | $50,200 | $80,800 |
Source: Ownwell
Property Tax Bills Across Judsonia, Arkansas
In Judsonia, Independence County, AR, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The median home price in Judsonia is $42,250. Property taxes are calculated by applying the local tax rate to the assessed value, considering factors such as property type and any applicable exemptions. For example, homeowners in the 25th percentile of tax bills pay around $69 annually, while those in the 75th percentile pay approximately $396. The 90th percentile sees tax bills around $473. Compared to the national median property tax rate of 0.99%, homeowners in Judsonia benefit from relatively lower tax rates. The highest and lowest median tax bills in the area are both $220, indicating a degree of consistency in tax assessments. These tax bills can significantly impact homeowners by influencing their overall housing costs and financial planning. Understanding how these taxes are calculated helps homeowners anticipate their annual obligations and manage their budgets effectively.
Average Judsonia Tax Bill
$220
Average Independence County Tax Bill
$426
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Judsonia, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72081 | $30 | $69 | $220 | $396 | $473 |
Source: Ownwell