Miller County, Arkansas Property Taxes
The median property tax rate in Miller County is 0.86%, slightly higher than Arkansas's state median of 0.84% but still below the national median of 0.99%. With a median home value of $80,350, the typical annual property tax bill in Miller County amounts to $630, significantly lower than the national median of $2,690. Property taxes in Miller County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Miller County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Texarkana or another part of Miller County, being well-informed about local property taxes is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Miller County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$691
$641
Ownwell’s Miller County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Miller County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Miller County to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities and plan accordingly. For more localized trends and insights, scroll down to explore detailed information at the city level. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any exemptions you may have.
Property Tax Rates Across Miller County, Arkansas
Property taxes in Miller County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Miller County is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Miller County set these rates annually, and they can vary significantly between different areas within the county. Each year, Miller 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. For comparison, the city of Genoa has one of the higher property tax rates in Arkansas at 1.07%, while the city of Fulton boasts one of the lowest at 0.41%. Analyzing how Miller County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Miller County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Miller County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Doddridge | 0.15% | 0.45% | 0.88% | 1.11% | 1.11% |
| Fouke | 0.18% | 0.44% | 0.81% | 1.11% | 1.11% |
| Fulton | N/A | N/A | N/A | N/A | N/A |
| Garland City | 0.45% | 0.79% | 0.83% | 0.83% | 0.83% |
| Genoa | N/A | N/A | N/A | N/A | N/A |
| Texarkana | 0.30% | 0.59% | 0.87% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Miller County, Arkansas
In Miller 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 Miller County 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 Miller 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. Texarkana has the highest median tax bill at $693, while Genoa has the lowest at $115. Being aware of these valuation processes in Miller County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Miller County Assessed Value
$80,350
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Miller County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Doddridge | $7,600 | $23,100 | $51,650 | $99,100 | $161,650 |
| Fouke | $13,750 | $32,350 | $63,100 | $118,825 | $183,400 |
| Fulton | N/A | N/A | N/A | N/A | N/A |
| Garland City | $1,120 | $5,800 | $13,100 | $26,850 | $51,340 |
| Genoa | N/A | N/A | N/A | N/A | N/A |
| Texarkana | $20,800 | $42,100 | $86,225 | $153,500 | $222,945 |
Source: Ownwell
Property Tax Bills Across Miller County, Arkansas
In Miller County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Factors such as the property's location, size, and improvements contribute to this valuation. The county's median home price is $80,350, and property taxes are levied accordingly. Homeowners in Miller County can expect tax bills that vary significantly; the 25th percentile tax bill is $273, while the 75th percentile reaches $1,224. For those at the 90th percentile, the tax bill can be as high as $1,963. The highest median tax bill in the county is found in Texarkana at $693, whereas Genoa boasts the lowest at $115. These variations highlight the influence of local factors on tax assessments. Compared to the national median property tax rate of 0.99%, Miller County's property taxes can be relatively affordable, making it an attractive region for homeowners. Understanding these factors can help residents anticipate their financial obligations and plan accordingly.
Average Miller County Tax Bill
$630
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Miller County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Doddridge | $40 | $115 | $363 | $734 | $1,303 |
| Fouke | $55 | $182 | $470 | $954 | $1,655 |
| Fulton | N/A | N/A | N/A | N/A | N/A |
| Garland City | $8 | $31 | $85 | $173 | $316 |
| Genoa | N/A | N/A | N/A | N/A | N/A |
| Texarkana | $134 | $316 | $693 | $1,309 | $2,040 |
Source: Ownwell