Izard County, Arkansas Property Taxes
The median property tax rate in Izard County is 0.75%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $60,000 in Izard County, the typical annual property tax bill is $375, significantly below the national median of $2,690. Property taxes in Izard County are calculated based on the assessed value, which is often lower than the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Izard County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you live in Melbourne or another part of Izard County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Izard County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$450
$418
Ownwell’s Izard Property Tax Bill Calculator enables homeowners, real estate investors, and potential owners to estimate their annual property taxes in Izard with just two data points. By entering your property's estimated assessed value, our calculator uses the median tax rate in Izard to provide an estimate of your property tax bill. This tool helps you understand potential tax liabilities effectively. If you’re interested in trends at the city level, scroll down to explore more localized information. Your property assessed value is the value assigned by your county for property tax calculations and considers any exemptions you may have.
Property Tax Rates Across Izard County, Arkansas
Property taxes in Izard County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Izard County is 0.75%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Izard County set these rates annually, and they can vary significantly between different areas within the county. Each year, Izard 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 Izard County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of Mt Pleasant has one of the higher property tax rates in Arkansas at 0.97%, while the city of Jordan boasts one of the lowest at 0.45%. Analyzing how Izard County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Izard County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Izard County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ash Flat | N/A | N/A | N/A | N/A | N/A |
| Batesville | N/A | N/A | N/A | N/A | N/A |
| Brockwell | N/A | N/A | N/A | N/A | N/A |
| Calico Rock | 0.18% | 0.46% | 0.84% | 1.00% | 1.07% |
| Dolph | N/A | N/A | N/A | N/A | N/A |
| Evening Shade | 0.18% | 0.47% | 0.82% | 0.93% | 0.93% |
| Franklin | N/A | N/A | N/A | N/A | N/A |
| Guion | 0.38% | 0.65% | 0.92% | 1.02% | 1.02% |
| Horseshoe Bend | 0.14% | 0.30% | 0.76% | 0.97% | 0.97% |
| Jordan | N/A | N/A | N/A | N/A | N/A |
| Melbourne | 0.20% | 0.46% | 0.75% | 0.92% | 1.00% |
| Mountain View | 0.49% | 0.65% | 0.92% | 0.92% | 0.92% |
| Mount Pleasant | 0.12% | 0.32% | 0.63% | 0.92% | 1.02% |
| Mt Pleasant | 0.23% | 0.59% | 0.97% | 1.02% | 1.02% |
| Oxford | N/A | N/A | N/A | N/A | N/A |
| Pineville | 0.12% | 0.40% | 0.80% | 1.00% | 1.04% |
| Sage | 0.14% | 0.37% | 0.68% | 0.92% | 0.92% |
| Salem | N/A | N/A | N/A | N/A | N/A |
| Sidney | N/A | N/A | N/A | N/A | N/A |
| Southside | N/A | N/A | N/A | N/A | N/A |
| Violet Hill | N/A | N/A | N/A | N/A | N/A |
| Wideman | N/A | N/A | N/A | N/A | N/A |
| Wiseman | 0.18% | 0.42% | 0.76% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Izard County, Arkansas
In Izard 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 Izard 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 Izard 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 Izard County, the highest median tax bill is $1,235 in Mountain View, while the lowest is $120 in Mt Pleasant. 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.
Average Izard County Assessed Value
$60,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Izard County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ash Flat | N/A | N/A | N/A | N/A | N/A |
| Batesville | N/A | N/A | N/A | N/A | N/A |
| Brockwell | N/A | N/A | N/A | N/A | N/A |
| Calico Rock | $16,000 | $36,600 | $63,825 | $115,312 | $171,900 |
| Dolph | N/A | N/A | N/A | N/A | N/A |
| Evening Shade | $22,270 | $36,350 | $67,500 | $131,250 | $196,610 |
| Franklin | N/A | N/A | N/A | N/A | N/A |
| Guion | $10,490 | $20,800 | $35,000 | $83,700 | $163,530 |
| Horseshoe Bend | $9,540 | $35,050 | $59,100 | $95,300 | $199,530 |
| Jordan | N/A | N/A | N/A | N/A | N/A |
| Melbourne | $18,930 | $36,050 | $70,050 | $125,950 | $186,090 |
| Mountain View | $51,370 | $104,300 | $170,500 | $229,950 | $327,880 |
| Mount Pleasant | $12,165 | $28,650 | $55,975 | $102,512 | $153,440 |
| Mt Pleasant | $6,350 | $9,350 | $24,500 | $51,050 | $78,350 |
| Oxford | N/A | N/A | N/A | N/A | N/A |
| Pineville | $12,975 | $28,100 | $57,900 | $100,300 | $140,725 |
| Sage | $15,375 | $32,425 | $66,675 | $122,638 | $197,200 |
| Salem | N/A | N/A | N/A | N/A | N/A |
| Sidney | N/A | N/A | N/A | N/A | N/A |
| Southside | N/A | N/A | N/A | N/A | N/A |
| Violet Hill | N/A | N/A | N/A | N/A | N/A |
| Wideman | N/A | N/A | N/A | N/A | N/A |
| Wiseman | $16,230 | $38,450 | $62,200 | $105,750 | $148,480 |
Source: Ownwell
Property Tax Bills Across Izard County, Arkansas
In Izard County, AR, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. Homeowners in this region see a range of tax bills, influenced by various factors such as property location and value. For instance, the median home price in Izard County is $60,000. The 25th percentile tax bill is $140, while the 75th percentile reaches $770, and the 90th percentile can go up to $1389. Mountain View has the highest median tax bill at $1235, whereas Mt. Pleasant has the lowest at $120. These figures highlight the variability in property taxes within the county, depending on specific property characteristics and local tax rates. Compared to the national median property tax rate of 0.99%, Izard County offers a diverse range of tax burdens, impacting homeowners differently based on their property's assessed value and location within the county.
Average Izard County Tax Bill
$375
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Izard County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ash Flat | N/A | N/A | N/A | N/A | N/A |
| Batesville | N/A | N/A | N/A | N/A | N/A |
| Brockwell | N/A | N/A | N/A | N/A | N/A |
| Calico Rock | $69 | $185 | $456 | $891 | $1,593 |
| Dolph | N/A | N/A | N/A | N/A | N/A |
| Evening Shade | $77 | $197 | $477 | $821 | $1,478 |
| Franklin | N/A | N/A | N/A | N/A | N/A |
| Guion | $66 | $156 | $328 | $697 | $1,250 |
| Horseshoe Bend | $51 | $117 | $372 | $726 | $1,558 |
| Jordan | N/A | N/A | N/A | N/A | N/A |
| Melbourne | $68 | $204 | $447 | $883 | $1,466 |
| Mountain View | $233 | $711 | $1,235 | $1,977 | $2,842 |
| Mount Pleasant | $47 | $106 | $288 | $648 | $1,102 |
| Mt Pleasant | $32 | $69 | $120 | $295 | $915 |
| Oxford | N/A | N/A | N/A | N/A | N/A |
| Pineville | $40 | $134 | $316 | $744 | $1,100 |
| Sage | $36 | $160 | $410 | $869 | $1,431 |
| Salem | N/A | N/A | N/A | N/A | N/A |
| Sidney | N/A | N/A | N/A | N/A | N/A |
| Southside | N/A | N/A | N/A | N/A | N/A |
| Violet Hill | N/A | N/A | N/A | N/A | N/A |
| Wideman | N/A | N/A | N/A | N/A | N/A |
| Wiseman | $75 | $227 | $462 | $658 | $873 |
Source: Ownwell