Sage, Arkansas Property Taxes
The median property tax rate in Sage, AR is 0.68%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Sage at $66,675, the typical annual property tax bill is $410, significantly below the national median of $2,690. Property taxes in Sage 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 Sage'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 Sage or another part of Izard County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sage, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$453
$421
Ownwell’s SAGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAGE 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 Sage, Arkansas
Property taxes in Sage, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sage is 0.68%, lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Sage set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sage 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 Sage's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72573 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Sage 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 Sage Tax Rate
0.68%
Average Izard County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sage, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72573 | 0.14% | 0.37% | 0.68% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Sage, Arkansas
In SAGE, 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 SAGE, 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 SAGE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in SAGE is $410.00 in the 72573 zip code, while the lowest median tax bill is also $410.00 in the same zip code.
Average Sage Assessed Value
$66,675
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 Sage, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72573 | $15,375 | $32,425 | $66,675 | $122,638 | $197,200 |
Source: Ownwell
Property Tax Bills Across Sage, Arkansas
In Sage, located in Izard County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is typically a percentage of the market value of the property. Homeowners in Sage often see a range in their property tax bills, with the 25th percentile at $160 and the 75th percentile at $869, indicating a significant variance depending on property values and tax rates. The median home price in Sage is $66,675, which influences the property tax calculations. Compared to the national median property tax rate of 0.99%, Sage homeowners generally experience lower tax rates. The highest median tax bill in the area is $410, found in the 72573 zip code, reflecting the relatively affordable property taxes in this region. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for Sage residents. Lower property taxes can make homeownership more accessible, but they also mean fewer resources for community services.
Average Sage Tax Bill
$410
Average Izard County Tax Bill
$375
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Sage, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72573 | $36 | $160 | $410 | $869 | $1,431 |
Source: Ownwell