Moscow, Arkansas Property Taxes
The median property tax rate in Moscow, 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 Moscow at $74,650, the typical annual property tax bill amounts to $689, which is significantly below the national median of $2,690. Property taxes in Moscow are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Moscow'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 Moscow 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
Moscow, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$687
$637
Ownwell’s Moscow Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Moscow, Arkansas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moscow 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 Moscow, Arkansas
Property taxes in Moscow, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moscow is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Moscow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moscow 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 Moscow's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71659 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Moscow provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moscow Tax Rate
0.92%
Average Jefferson County Tax Rate
0.73%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moscow, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71659 | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Moscow, Arkansas
In Moscow, 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 Jefferson 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 Moscow, 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 instance, the median home price in Moscow is $74,650, with the median tax bill at $689. Homeowners in the 71659 zip code see the highest and lowest median tax bills, both at $689. 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 Moscow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moscow Assessed Value
$74,650
Average Jefferson County Assessed Value
$69,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moscow, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71659 | $74,650 | $74,650 | $74,650 | $74,650 | $74,650 |
Source: Ownwell
Property Tax Bills Across Moscow, Arkansas
Property tax bills in Moscow, Jefferson County, AR, are calculated based on the assessed value of a property, which is a percentage of its market value. In this region, homeowners face a median property tax bill of $689, which is significantly lower than the national median property tax rate of 0.99%. The assessed value is determined by local tax assessors who consider various factors such as the property's location, size, and condition. For instance, the median home price in Moscow is $74,650. Property taxes are then applied to the assessed value, resulting in the tax bill. The consistency in tax bills across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $689, indicates a stable tax environment. This relatively low and predictable tax burden can make homeownership more affordable and financially manageable for residents in Moscow, providing a sense of stability and predictability in their annual financial planning.
Average Moscow Tax Bill
$689
Average Jefferson County Tax Bill
$457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Moscow, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71659 | $689 | $689 | $689 | $689 | $689 |
Source: Ownwell