Pineville, Arkansas Property Taxes
The median property tax rate in Pineville, Arkansas is 0.80%, 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 $57,900 in Pineville, the typical annual property tax bill amounts to $316, significantly below the national median of $2,690. Property taxes in Pineville are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. By understanding Pineville’s property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're residing in Pineville or another part of Izard County, gaining insight into the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Pineville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$463
$430
Ownwell’s Pineville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pineville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pineville 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 Pineville, Arkansas
Property taxes in Pineville, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pineville is 0.80%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Pineville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pineville 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 Pineville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72566 zip code has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Pineville 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 Pineville Tax Rate
0.80%
Average Izard County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pineville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72566 | 0.12% | 0.40% | 0.80% | 1.00% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Pineville, Arkansas
In Pineville, 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 Pineville, 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 example, the median home price in Pineville is $57,900, with tax bills ranging from $134 at the 25th percentile to $1,100 at the 90th percentile. 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 Pineville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pineville Assessed Value
$57,900
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 Pineville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72566 | $12,975 | $28,100 | $57,900 | $100,300 | $140,725 |
Source: Ownwell
Property Tax Bills Across Pineville, Arkansas
In Pineville, located in Izard County, AR, property tax bills are calculated based on the assessed value of a home. This value is typically a percentage of the market value, which for the median home price in Pineville is $57,900. Local tax rates are then applied to this assessed value to determine the final tax bill. Factors such as property size, location, and any applicable exemptions can influence the assessed value and, consequently, the tax bill. Homeowners in Pineville experience a range of tax bills. For instance, the 25th percentile tax bill is around $134, while the 75th percentile reaches $744. The highest tax bills can go up to $1,100, reflecting variations in property values and applicable exemptions. Compared to the national median property tax rate of 0.99%, Pineville's tax bills can be relatively modest, offering some financial relief to homeowners. However, understanding these factors is crucial for accurate budgeting and financial planning.
Average Pineville Tax Bill
$316
Average Izard County Tax Bill
$375
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pineville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72566 | $40 | $134 | $316 | $744 | $1,100 |
Source: Ownwell