Star City, Arkansas Property Taxes
The median property tax rate in Star City, AR is 1.01%, slightly above the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $20,500 in Star City, the typical annual property tax bill is $208, notably lower than the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Star City'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 Star City 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
Star City, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$207
$192
Ownwell’s STAR CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR CITY 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 Star City, Arkansas
Property taxes in Star City, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Star City stands at 0.57%, which is higher than the Arkansas state median of 0.52% but lower than the U.S. national median of 0.99%. Local government entities within Star City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Star City 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 Star City's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71667 zip code has the highest median property tax rate of 0.57%, while the same 71667 zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Star City provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Star City Tax Rate
1.01%
Average Jefferson County Tax Rate
0.73%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Star City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71667 | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Star City, Arkansas
In Star City, 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 Star City, 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 Star City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $208, specifically in the 71667 zip code.
Average Star City Assessed Value
$20,500
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 Star City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71667 | $20,500 | $20,500 | $20,500 | $20,500 | $20,500 |
Source: Ownwell
Property Tax Bills Across Star City, Arkansas
In Star City, Jefferson County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assesses properties at a rate determined by local government regulations. Homeowners in Star City experience property tax bills that are generally consistent, with the median tax bill being $208. This amount is notably lower than the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For example, if a homeowner qualifies for a homestead exemption, their taxable assessed value could be reduced, resulting in a lower tax bill. This relatively low and consistent tax bill can be beneficial for homeowners, making homeownership more affordable and predictable. However, it also means that local funding for public services, which relies heavily on property taxes, may be more limited compared to areas with higher tax rates.
Average Star City Tax Bill
$208
Average Jefferson County Tax Bill
$457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Star City, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71667 | $208 | $208 | $208 | $208 | $208 |
Source: Ownwell