Imboden, Arkansas Property Taxes
The median property tax rate in Imboden, Arkansas is 0.81%, slightly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Imboden at $78,610, the typical annual property tax bill amounts to $581, significantly below the national median of $2,690. Property taxes in Imboden are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Imboden'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 Imboden or another part of Lawrence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Imboden, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$637
Ownwell’s Imboden Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Imboden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imboden 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 Imboden, Arkansas
Property taxes in Imboden, Arkansas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Imboden is 0.81%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Imboden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Imboden 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 Imboden's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72434 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these areas compare with Imboden provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Imboden Tax Rate
0.81%
Average Lawrence County Tax Rate
0.63%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imboden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72434 | 0.50% | 0.63% | 0.81% | 0.88% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Imboden, Arkansas
In Imboden, 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 Lawrence 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 Imboden, 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 Imboden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Imboden is $581 in the 72434 zip code, reflecting the local property values and tax rates.
Average Imboden Assessed Value
$78,610
Average Lawrence County Assessed Value
$77,245
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Imboden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72434 | $28,605 | $50,120 | $78,610 | $113,365 | $160,531 |
Source: Ownwell
Property Tax Bills Across Imboden, Arkansas
In Imboden, located in Lawrence County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is typically a percentage of the home's market value. Factors such as the property's location, size, and condition are considered in this assessment. Homeowners in Imboden face a median home price of $78,610. Property tax bills can vary significantly, with the 25th percentile tax bill at $366 and the 75th percentile tax bill reaching $870. For those at the 90th percentile, the tax bill can be as high as $1,240. The highest median tax bill in the area is $581, found in the 72434 zip code. Compared to the national median property tax rate of 0.99%, Imboden's property tax rates offer a relatively affordable option for homeowners. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Imboden Tax Bill
$581
Average Lawrence County Tax Bill
$469
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Imboden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72434 | $185 | $366 | $581 | $870 | $1,240 |
Source: Ownwell