Weiner, Arkansas Property Taxes
The median property tax rate in Weiner, AR is 0.90%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $37,300 in Weiner, the typical annual property tax bill is $218, significantly lower than the national median of $2,690. Property taxes in Weiner 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 Weiner'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 Weiner 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
Weiner, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$336
Ownwell’s Weiner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weiner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weiner 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 Weiner, Arkansas
Property taxes in Weiner, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weiner is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Weiner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weiner 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 Weiner's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72479 has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Weiner provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weiner Tax Rate
0.90%
Average Jackson County Tax Rate
0.90%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weiner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72479 | 0.14% | 0.28% | 0.90% | 0.90% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Weiner, Arkansas
In Weiner, 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 Jackson County Assessor 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 Weiner, 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 Weiner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, in the 72479 zip code, the median tax bill is $218. Homeowners should leverage this information to ensure they are not overpaying and to explore potential savings.
Average Weiner Assessed Value
$37,300
Average Jackson County Assessed Value
$45,225
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weiner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72479 | $11,300 | $20,150 | $37,300 | $68,750 | $86,950 |
Source: Ownwell
Property Tax Bills Across Weiner, Arkansas
In Weiner, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Weiner is $37,300. Property taxes are then determined by applying the local tax rate to this assessed value. For instance, homeowners in Weiner can expect a tax bill ranging from $98 at the 25th percentile to $801 at the 90th percentile. The highest median tax bill recorded in the area is $218, specifically in the 72479 zip code. Several factors influence the property tax bill, including changes in home values, local government budgets, and tax rates. These taxes are crucial for funding public services like schools, infrastructure, and emergency services. For homeowners, understanding these factors can help in financial planning and anticipating annual expenses. Compared to the national median property tax rate of 0.99%, Weiner’s property tax rates reflect the local economic conditions and funding requirements, impacting how much homeowners contribute to their community.
Average Weiner Tax Bill
$218
Average Jackson County Tax Bill
$308
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Weiner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72479 | $43 | $98 | $218 | $354 | $801 |
Source: Ownwell