Jordan, Arkansas Property Taxes
The median property tax rate in Jordan, AR is 0.45%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Jordan at $157,800, the typical annual property tax bill is $718, well below the national median of $2,690. Property taxes in Jordan are calculated 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 Jordan'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 Jordan or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jordan, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$710
$659
Ownwell’s Jordan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jordan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jordan 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 Jordan, Arkansas
Property taxes in Jordan, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jordan is 0.52%, which is slightly higher than the Arkansas state median of 0.61% but lower than the U.S. national median of 0.99%. Local government entities within Jordan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jordan 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 Jordan's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72519 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these areas compare with Jordan provides valuable insights into the varying tax landscape across Izard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jordan Tax Rate
0.45%
Average Izard County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jordan, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Jordan, Arkansas
In Jordan, 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 Izard 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 Jordan, 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 Jordan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Jordan are both $718, found in the 72519 zip code.
Average Jordan Assessed Value
$157,800
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 Jordan, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | $157,800 | $157,800 | $157,800 | $157,800 | $157,800 |
Source: Ownwell
Property Tax Bills Across Jordan, Arkansas
In Jordan, located in Izard County, AR, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in this area is $157,800. Once the property's assessed value is determined, local tax rates are applied to calculate the annual tax bill. For homeowners in Jordan, the tax bills are quite uniform, with the 25th, 75th, and 90th percentiles all at $718, which is significantly lower than the national median property tax rate of 0.99%. This means that regardless of the specific assessed value, most homeowners in Jordan can expect a tax bill around this amount. The consistency in tax bills provides a predictable expense for homeowners, making it easier to budget for property taxes each year. However, it's important to note that any changes in the assessed value or local tax rates can affect the final tax bill.
Average Jordan Tax Bill
$718
Average Izard County Tax Bill
$375
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Jordan, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | $718 | $718 | $718 | $718 | $718 |
Source: Ownwell