Ashdown, Arkansas Property Taxes
The median property tax rate in Ashdown, AR is 0.52%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Ashdown at $72,875, the typical annual property tax bill is $331, far below the national median of $2,690. Property taxes in Ashdown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ashdown'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 Ashdown or another part of Little River County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashdown, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$379
Ownwell’s Ashdown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashdown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashdown 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 Ashdown, Arkansas
Property taxes in Ashdown, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashdown is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Ashdown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashdown 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 Ashdown's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71822 has both the highest and lowest median property tax rate of 0.52%. Understanding how these cities compare with Ashdown provides valuable insights into the varying tax landscape across Little River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashdown Tax Rate
0.52%
Average Little River County Tax Rate
0.55%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashdown, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71822 | 0.11% | 0.27% | 0.52% | 0.81% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Ashdown, Arkansas
In Ashdown, 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 Little River County Assessor 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 Ashdown, 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 Ashdown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 71822 has the highest and lowest median tax bills, both at $331.
Average Ashdown Assessed Value
$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 Ashdown, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71822 | $13,650 | $33,588 | $72,875 | $116,962 | $177,670 |
Source: Ownwell
Property Tax Bills Across Ashdown, Arkansas
In Ashdown, located in Little River County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Ashdown, the median home price is $72,875. Property tax bills can vary significantly, with the 25th percentile tax bill at $132 and the 75th percentile reaching $610. At the 90th percentile, homeowners might see a tax bill as high as $992. Factors that influence the property tax bill include the assessed value of the property, any applicable exemptions, and the local tax rate. These taxes are crucial for funding public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Ashdown's property taxes provide a relatively affordable option for homeowners, contributing to the overall cost of homeownership and the local community’s development.
Average Ashdown Tax Bill
$331
Average Little River County Tax Bill
$326
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashdown, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71822 | $46 | $132 | $331 | $610 | $992 |
Source: Ownwell