Little River County, Arkansas Property Taxes
The median property tax rate in Little River is 0.55%, which is significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Little River, the typical annual property tax bill is $326, far below the national median of $2,690. Property taxes in Little River are calculated based on the tax assessed value, which typically falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Little River's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Ashdown or another part of Little River, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Little River County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$377
$349
Ownwell’s Little River County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Little River County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Little River County to estimate your property tax bill. This tool provides valuable insights into your potential tax liabilities. For those interested in more localized trends, you can navigate to city-specific informational pages. Your property's assessed value is determined by the county and considers any exemptions you may qualify for, ensuring an accurate calculation of your property tax obligations.
Property Tax Rates Across Little River County, Arkansas
Property taxes in Little River County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Little River County is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Little River County set these rates annually, and they can vary significantly between different areas within the county. Each year, Little River County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Little River County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of Winthrop has one of the higher property tax rates in Arkansas at 0.91%, while the city of Wilton boasts one of the lowest at 0.42%. Analyzing how Little River County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Little River County Tax Rate
0.55%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Little River County, Arkansas
In Little River County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Little River Appraisal District. The assessed value, however, 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 in Little River County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the city with the highest median tax bill is Winthrop at $489, while Alleene has the lowest at $147. Being aware of these valuation processes in Little River County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Little River County, Arkansas
Source: Ownwell
$29,750
$51,313
$72,875
Average Little River County Assessed Value
$68,475
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Little River County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alleene | $7,480 | $16,800 | $29,750 | $54,250 | $79,250 |
| Ashdown | $13,650 | $33,588 | $72,875 | $116,962 | $177,670 |
| Foreman | $12,300 | $28,400 | $60,900 | $101,950 | $151,150 |
| Lockesburg | N/A | N/A | N/A | N/A | N/A |
| Ogden | N/A | N/A | N/A | N/A | N/A |
| Wilton | N/A | N/A | N/A | N/A | N/A |
| Winthrop | $14,250 | $35,900 | $68,675 | $126,912 | $200,505 |
Source: Ownwell
Property Tax Bills Across Little River County, Arkansas
In Little River County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's location, size, and condition can influence its assessed value. Homeowners in Little River County experience a range of tax bills, with the 25th percentile at $125 and the 75th percentile at $620. The highest median tax bill in the county is $489, found in the city of Winthrop, while the lowest median tax bill is $147 in Alleene. This variability can significantly impact homeowners, as those in areas with higher assessed values and tax rates will pay more annually. Compared to the national median property tax rate of 0.99%, Little River County offers a relatively affordable tax environment, making it an attractive option for homeowners seeking lower property tax obligations.
Average Little River County Tax Bill
$326
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690