Pleasant Plains, Independence County, Arkansas Property Taxes
The median property tax rate in Pleasant Plains, Arkansas is 0.60%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Pleasant Plains at $53,425, the typical annual property tax bill amounts to $273, well below the national median of $2,690. Property taxes in Pleasant Plains are assessed based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pleasant Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pleasant Plains or another part of Independence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pleasant Plains, Independence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$321
$297
Ownwell’s Pleasant Plains Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Plains with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Plains 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 Pleasant Plains, Independence County, Arkansas
Property taxes in Pleasant Plains, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Plains is 0.60%, significantly lower than the U.S. national median of 0.99%. Local government entities within Pleasant Plains set these rates annually, and they can vary across different neighborhoods. Each year, Pleasant Plains 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. Understanding how Pleasant Plains' effective property tax rate compares to other areas within Independence County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Pleasant Plains, Independence County, Arkansas
Source: Ownwell
0.48%
0.70%
0.92%
Average Pleasant Plains Tax Rate
0.60%
Average Independence County Tax Rate
0.72%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Plains, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72568 | 0.13% | 0.27% | 0.60% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Plains, Independence County, Arkansas
In Pleasant Plains, 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 Independence County Assessor 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 Pleasant Plains, 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. For instance, the median home price in Pleasant Plains is $53,425, with tax bills ranging from $91 at the 25th percentile to $872 at the 90th percentile. The zip code with the highest median tax bill is 72568, where the median tax bill is $273. 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 Pleasant Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pleasant Plains, Independence County, Arkansas
Source: Ownwell
$37,550
$61,275
$85,000
Average Pleasant Plains Assessed Value
$53,425
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 Pleasant Plains, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72568 | $16,280 | $29,762 | $53,425 | $88,800 | $130,155 |
Source: Ownwell
Property Tax Bills Across Pleasant Plains, Independence County, Arkansas
In Pleasant Plains, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Pleasant Plains is $53,425. Property taxes are influenced by several factors, including local tax rates and any applicable exemptions. For example, tax bills in the 25th percentile are around $91, while those in the 75th percentile reach up to $572. The highest median tax bill in the area is $273, found in the zip code 72568. These tax bills can significantly impact homeowners, as they contribute to the overall cost of owning property. Compared to the national median property tax rate of 0.99%, homeowners in Pleasant Plains may find their property tax obligations to be relatively manageable. Understanding how these taxes are calculated and what influences them can help homeowners plan their finances more effectively and potentially seek out exemptions or appeals to lower their tax burden.
Average Pleasant Plains Tax Bill
$273
Average Independence County Tax Bill
$426
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Plains, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72568 | $53 | $91 | $273 | $572 | $872 |
Source: Ownwell