Springdale, Arkansas Property Taxes
The median property tax rate in Springdale, AR, is 0.90%, slightly below the national median of 0.99% but above the Arkansas state median of 0.84%. With a median home value of $34,750 in Springdale, the typical annual property tax bill is $313, significantly lower than the national median of $2,690. Property taxes in Springdale are calculated based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Springdale'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 Springdale or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Springdale, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$313
$290
Ownwell’s SPRINGDALE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPRINGDALE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPRINGDALE 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 Springdale, Arkansas
Property taxes in Springdale, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springdale is 0.65%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Springdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springdale 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 Springdale's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72762 zip code has the highest median property tax rate of 0.65%, while the 72762 zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Springdale provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Springdale Tax Rate
0.90%
Average Madison County Tax Rate
0.68%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springdale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72762 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Springdale, Arkansas
In Springdale, 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 Madison 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 Springdale, 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. For example, the median home price in Springdale is $34,750, with a consistent median tax bill of $313 across various percentiles. The highest and lowest median tax bills are both $313, found in the 72762 zip code. 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 Springdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Springdale Assessed Value
$34,750
Average Madison County Assessed Value
$78,900
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Springdale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72762 | $34,750 | $34,750 | $34,750 | $34,750 | $34,750 |
Source: Ownwell
Property Tax Bills Across Springdale, Arkansas
In Springdale, located in Madison County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Springdale, the median home price stands at $34,750. This relatively low market value translates into lower property tax bills compared to the national median property tax rate of 0.99%. Factors considered in determining the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. In Springdale, the tax bills are quite consistent, with the 25th, 75th, and 90th percentiles all at $313. This uniformity suggests a stable tax rate across different property values within the city. For homeowners, this means predictable annual expenses, contributing to financial stability. Given the highest and lowest median tax bills are both $313 in the 72762 zip code, it is evident that property taxes in Springdale are uniformly applied, ensuring fairness and transparency.
Average Springdale Tax Bill
$313
Average Madison County Tax Bill
$463
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Springdale, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72762 | $313 | $313 | $313 | $313 | $313 |
Source: Ownwell