Doddridge, Miller County, Arkansas Property Taxes
The median property tax rate in Doddridge, Arkansas is 0.88%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $51,650 in Doddridge, the typical annual property tax bill amounts to $363, which is notably less than the national median of $2,690. Property taxes in Doddridge are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Doddridge'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 Doddridge or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Doddridge, Miller County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$455
$422
Ownwell’s Doddridge Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Doddridge. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Doddridge to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier for you to plan financially. For those interested in more granular data, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value, determined by the county, is crucial for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Doddridge, Miller County, Arkansas
Property taxes in Doddridge, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Doddridge is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Doddridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Doddridge 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 Doddridge's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71834 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Doddridge provides valuable insights into the varying tax landscape across Miller County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Doddridge Tax Rate
0.88%
Average Miller County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Doddridge, Miller County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71834 | 0.15% | 0.45% | 0.88% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Doddridge, Miller County, Arkansas
In Doddridge, 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. In Doddridge, 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 Doddridge 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 $363 in the 71834 zip code, which is also where the lowest median tax bill is found.
Property Tax Assessment Values Across Doddridge, Miller County, Arkansas
Source: Ownwell
$13,100
$49,663
$86,225
Average Doddridge Assessed Value
$51,650
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 Doddridge, Miller County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71834 | $7,600 | $23,100 | $51,650 | $99,100 | $161,650 |
Source: Ownwell
Property Tax Bills Across Doddridge, Miller County, Arkansas
In Doddridge, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Doddridge see a median home price of $51,650. The property tax rate in this region aligns with the county's rate, which is significantly lower than the national median property tax rate of 0.99%. To determine the tax bill, the assessed value of the property is multiplied by the local tax rate. For instance, homeowners in the 25th percentile can expect to pay around $115 annually, while those in the 75th percentile might see a tax bill close to $734. The top 10% of property tax bills in Doddridge reach approximately $1,303. These property taxes fund essential public services such as schools, emergency services, and infrastructure. For homeowners, lower property taxes can make homeownership more affordable, but it's crucial to balance this with the quality of public services funded by these taxes.
Average Doddridge Tax Bill
$363
Average Miller County Tax Bill
$630
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Doddridge, Miller County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71834 | $40 | $115 | $363 | $734 | $1,303 |
Source: Ownwell