Stuttgart, Arkansas Property Taxes
The median property tax rate in Stuttgart, AR is 0.97%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Stuttgart at $78,975, the typical annual property tax bill is approximately $669, which is significantly lower than the national median of $2,690. Property taxes in Stuttgart are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Stuttgart'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 Stuttgart or another part of Lonoke County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stuttgart, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$766
$711
Ownwell’s Stuttgart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stuttgart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stuttgart 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 Stuttgart, Arkansas
Property taxes in Stuttgart, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stuttgart is 0.61%, which is lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Stuttgart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuttgart 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 Stuttgart's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72160 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Stuttgart provides valuable insights into the varying tax landscape across Arkansas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stuttgart Tax Rate
0.97%
Average Lonoke County Tax Rate
1.01%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stuttgart, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72160 | 0.92% | 0.97% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Stuttgart, Arkansas
In Stuttgart, 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 local 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. Assessment notices in Stuttgart 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. For instance, the median home price in Stuttgart is $78,975, with tax bills ranging from $398 at the 25th percentile to $1,314 at the 75th percentile. The zip code 72160 has both the highest and lowest median tax bill at $669. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stuttgart Assessed Value
$78,975
Average Lonoke County Assessed Value
$119,600
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stuttgart, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72160 | $27,520 | $42,050 | $78,975 | $130,275 | $309,950 |
Source: Ownwell
Property Tax Bills Across Stuttgart, Arkansas
In Stuttgart, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Lonoke County experience a range of property tax bills, with the 25th percentile paying around $398 and the 75th percentile facing bills up to $1,314. The highest median tax bill in the area is $669, which is also the lowest, indicating a consistent rate across different zip codes. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Stuttgart's rates can be seen as relatively moderate, providing some relief to homeowners. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Stuttgart Tax Bill
$669
Average Lonoke County Tax Bill
$1,186
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Stuttgart, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72160 | $281 | $398 | $669 | $1,314 | $3,048 |
Source: Ownwell