Fouke, Arkansas Property Taxes
The median property tax rate in Fouke, AR is 0.81%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $63,100 in Fouke, the typical annual property tax bill comes to $470, significantly less than the national median of $2,690. Property taxes in Fouke are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural land. Understanding Fouke'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 Fouke or another part of Miller County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fouke, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$511
$474
Ownwell’s Fouke Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fouke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fouke 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 Miller County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fouke, Arkansas
Property taxes in Fouke, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fouke is 0.81%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Fouke set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fouke 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 Fouke's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71837 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Fouke 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 Fouke Tax Rate
0.81%
Average Miller County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fouke, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71837 | 0.18% | 0.44% | 0.81% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Fouke, Arkansas
In Fouke, 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 Miller 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 Fouke, 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 Fouke helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $470.00, both in zip code 71837.
Average Fouke Assessed Value
$63,100
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 Fouke, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71837 | $13,750 | $32,350 | $63,100 | $118,825 | $183,400 |
Source: Ownwell
Property Tax Bills Across Fouke, Arkansas
In Fouke, located in Miller County, AR, property tax bills are calculated based on the assessed value of a homeowner's property. The median home price in Fouke is $63,100. Property taxes are determined by applying the local tax rate to the assessed value, which is a percentage of the market value of the property. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners in Fouke, the property tax bills can vary significantly. The 25th percentile tax bill is $182, while the 75th percentile tax bill is $954, and the 90th percentile tax bill reaches up to $1,655. The uniformity in tax bills across the region, with the highest and lowest median tax bills both at $470, highlights a relatively consistent tax rate application. This consistency can provide some predictability for homeowners as they budget for their annual expenses. Compared to the national median property tax rate of 0.99%, Fouke's property tax rates offer a glimpse into the local fiscal landscape and its impact on residents.
Average Fouke Tax Bill
$470
Average Miller County Tax Bill
$630
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Fouke, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71837 | $55 | $182 | $470 | $954 | $1,655 |
Source: Ownwell