Reydell, Jefferson County, Arkansas Property Taxes
The median property tax rate in Reydell, AR is 0.54%, considerably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Reydell at $66,400, the typical annual property tax bill reaches $379, significantly below the national median of $2,690. Property taxes in Reydell are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Reydell'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 Reydell or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reydell, Jefferson County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$359
$333
Ownwell’s Reydell Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Reydell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reydell 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 Reydell, Jefferson County, Arkansas
Property taxes in Reydell, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reydell is 0.54%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Reydell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reydell 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 Reydell's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72133 zip code has both the highest and lowest median property tax rate of 0.54%. Understanding how these cities compare with Reydell provides valuable insights into the varying tax landscape across Jefferson, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reydell Tax Rate
0.54%
Average Jefferson County Tax Rate
0.73%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reydell, Jefferson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72133 | 0.33% | 0.45% | 0.54% | 0.84% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Reydell, Jefferson County, Arkansas
In Reydell, 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 Reydell, 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. The median home price in Reydell is $66,400, with tax bills ranging from $163 at the 25th percentile to $1,045 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 72133, with a median tax bill of $379. 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 Reydell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Reydell, Jefferson County, Arkansas
Source: Ownwell
$32,800
$103,525
$174,250
Average Reydell Assessed Value
$66,400
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 Reydell, Jefferson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72133 | $19,050 | $28,750 | $66,400 | $100,475 | $125,150 |
Source: Ownwell
Property Tax Bills Across Reydell, Jefferson County, Arkansas
In Reydell, Jefferson County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Reydell can expect a median home price of $66,400, which significantly influences the tax bill. The tax rate in Jefferson County is applied to this assessed value to determine the annual property tax bill. Several factors are considered in this calculation, including the property's location, size, and any improvements made. For instance, the tax bill at the 25th percentile is around $163, while it rises to $694 at the 75th percentile, and reaches $1,045 at the 90th percentile. The highest median tax bill recorded in the area is $379 in the 72133 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Reydell typically have lower tax burdens, which can make homeownership more affordable and appealing in this region.
Average Reydell Tax Bill
$379
Average Jefferson County Tax Bill
$457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Reydell, Jefferson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72133 | $77 | $163 | $379 | $694 | $1,045 |
Source: Ownwell