Mountain View, Arkansas Property Taxes
The median property tax rate in Mountain View, Arkansas is 0.92%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Mountain View at $170,500, the typical annual property tax bill reaches $1,235, which is below the national median of $2,690. Property taxes in Mountain View are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Mountain View's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mountain View 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
Mountain View, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,569
Ownwell’s Mountain View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountain View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain View 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 Mountain View, Arkansas
Property taxes in Mountain View, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain View is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Mountain View set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain View 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 Mountain View's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72560 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Mountain View 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 Mountain View Tax Rate
0.92%
Average Izard County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountain View, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72560 | 0.49% | 0.65% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Mountain View, Arkansas
In Mountain View, 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 local 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 Mountain View, 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 Mountain View helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,235 in the 72560 zip code, while the lowest median tax bill is also $1,235 in the same zip code.
Average Mountain View Assessed Value
$170,500
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 Mountain View, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72560 | $51,370 | $104,300 | $170,500 | $229,950 | $327,880 |
Source: Ownwell
Property Tax Bills Across Mountain View, Arkansas
In Mountain View, Izard County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For instance, with a median home price of $170,500, the tax bill can vary significantly. The 25th percentile tax bill is around $711, while the 75th percentile tax bill reaches approximately $1,977. At the 90th percentile, homeowners might see tax bills as high as $2,842. Several factors influence these calculations, including local tax rates and any applicable exemptions. For example, the highest median tax bill in the area is $1,235 in the zip code 72560. This variability can have a substantial impact on homeowners, affecting monthly mortgage payments and overall housing affordability. Compared to the national median property tax rate of 0.99%, Mountain View's property tax bills reflect the local economic conditions and municipal budget requirements. Understanding these factors can help homeowners better manage their finances and anticipate future expenses.
Average Mountain View Tax Bill
$1,235
Average Izard County Tax Bill
$375
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountain View, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72560 | $233 | $711 | $1,235 | $1,977 | $2,842 |
Source: Ownwell