Pine Bluff, Arkansas Property Taxes
The median property tax rate in Pine Bluff, AR is 0.74%, 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 $65,550 in Pine Bluff, the typical annual property tax bill amounts to $424, significantly below the national median of $2,690. Property taxes in Pine Bluff are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Pine Bluff's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pine Bluff or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pine Bluff, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$485
$450
Ownwell’s Pine Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Bluff 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 Pine Bluff, Arkansas
Property taxes in Pine Bluff, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Bluff is 0.74%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Pine Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Bluff 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 Pine Bluff's effective property tax rate to other areas in Jefferson County and the national median. For comparison, the 71603 zip code has the highest median property tax rate of 0.71%, while the 71602 zip code has the lowest median tax rate of 0.64%. Understanding how these areas compare with Pine Bluff 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 Pine Bluff Tax Rate
0.74%
Average Jefferson County Tax Rate
0.73%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71601 | N/A | N/A | N/A | N/A | N/A |
| 71602 | 0.60% | 0.62% | 0.64% | 0.88% | 1.03% |
| 71603 | 0.14% | 0.47% | 0.71% | 0.92% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Pine Bluff, Arkansas
In Pine Bluff, 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. 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 Pine Bluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 71603 has the highest median tax bill at $529, while the lowest is in zip code 71602 at $323.
Average Pine Bluff Assessed Value
$65,550
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 Pine Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71601 | N/A | N/A | N/A | N/A | N/A |
| 71602 | $19,760 | $31,175 | $50,200 | $55,650 | $58,920 |
| 71603 | $21,050 | $39,350 | $82,350 | $141,000 | $211,450 |
Source: Ownwell
Property Tax Bills Across Pine Bluff, Arkansas
In Pine Bluff, Jefferson County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $65,550, the assessed value would be a fraction of this amount, determined by local assessment rates. The property tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location and any applicable exemptions. In Pine Bluff, the median tax bill ranges significantly, with the 25th percentile at $182 and the 75th percentile at $884. The highest median tax bill in the area is $529 in ZIP code 71603, while the lowest is $323 in ZIP code 71602. These variations can impact homeowners differently, affecting their annual budgeting and overall financial planning. Compared to the national median property tax rate of 0.99%, Pine Bluff's rates are relatively modest, offering some relief for homeowners in the region.
Average Pine Bluff Tax Bill
$424
Average Jefferson County Tax Bill
$457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71601 | N/A | N/A | N/A | N/A | N/A |
| 71602 | $122 | $197 | $323 | $505 | $614 |
| 71603 | $55 | $221 | $529 | $1,036 | $1,648 |
Source: Ownwell