Saint Joe, Marion County, Arkansas Property Taxes
The median property tax rate in Saint Joe, AR is 0.80%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Saint Joe at $78,350, the typical annual property tax bill amounts to $593, significantly below the national median of $2,690. Property taxes in Saint Joe are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Saint Joe'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 Saint Joe or another part of Marion County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Joe, Marion County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$627
$582
Ownwell’s Saint Joe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Joe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Joe 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 Saint Joe, Marion County, Arkansas
Property taxes in Saint Joe, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Joe is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Joe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Joe 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 Saint Joe's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72675 zip code has both the highest and lowest median property tax rate of 0.80%. Understanding how these areas compare with Saint Joe provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Joe Tax Rate
0.80%
Average Marion County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Joe, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72675 | 0.56% | 0.69% | 0.80% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Saint Joe, Marion County, Arkansas
In Saint Joe, 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 Marion County Assessor's Office 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 Saint Joe, 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 Saint Joe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $593, found in zip code 72675, which also has the lowest median tax bill of $593.
Property Tax Assessment Values Across Saint Joe, Marion County, Arkansas
Source: Ownwell
$43,525
$118,475
$193,425
Average Saint Joe Assessed Value
$78,350
Average Marion County Assessed Value
$88,850
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Joe, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72675 | $25,330 | $48,200 | $78,350 | $127,200 | $163,890 |
Source: Ownwell
Property Tax Bills Across Saint Joe, Marion County, Arkansas
In Saint Joe, located in Marion County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in Saint Joe is $78,350. The tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Saint Joe can expect a wide range of tax bills. At the 25th percentile, the tax bill is around $358, while at the 75th percentile, it reaches approximately $937. For those at the 90th percentile, the tax bill can be as high as $1,256. Compared to the national median property tax rate of 0.99%, Saint Joe offers relatively affordable property taxes, making it an attractive option for homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Saint Joe Tax Bill
$593
Average Marion County Tax Bill
$708
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Joe, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72675 | $165 | $358 | $593 | $937 | $1,256 |
Source: Ownwell