Blytheville, Arkansas Property Taxes
The median property tax rate in Blytheville, AR is 0.86%, which is slightly lower than the national median of 0.99%, but just above the Arkansas state median of 0.84%. With a median home value of $62,170 in Blytheville, the typical annual property tax bill reaches $502, significantly below the national median of $2,690. Property taxes in Blytheville are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Blytheville'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 Blytheville or another part of Mississippi County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blytheville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$535
$496
Ownwell’s Blytheville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blytheville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blytheville 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 Mississippi County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Blytheville, Arkansas
Property taxes in Blytheville, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blytheville is 0.86%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Blytheville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blytheville 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 Blytheville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72370 zip code has the highest median property tax rate of 0.94%, while the 72316 zip code has the lowest median tax rate of 0.84%. Understanding how these cities compare with Blytheville provides valuable insights into the varying tax landscape across Mississippi County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blytheville Tax Rate
0.86%
Average Mississippi County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blytheville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72315 | 0.65% | 0.78% | 0.86% | 0.94% | 0.94% |
| 72316 | 0.67% | 0.79% | 0.84% | 0.93% | 0.94% |
| 72370 | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Blytheville, Arkansas
In Blytheville, 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 Mississippi 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 Blytheville, 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 Blytheville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Blytheville is $844 in the 72316 zip code, while the lowest is $255 in the 72370 zip code.
Average Blytheville Assessed Value
$62,170
Average Mississippi County Assessed Value
$66,110
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blytheville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72315 | $11,892 | $25,779 | $62,120 | $105,582 | $162,380 |
| 72316 | $22,350 | $45,752 | $106,258 | $174,856 | $312,423 |
| 72370 | $27,100 | $27,100 | $27,100 | $27,100 | $27,100 |
Source: Ownwell
Property Tax Bills Across Blytheville, Arkansas
In Blytheville, Mississippi County, AR, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The county uses a property assessment ratio to calculate this value, which is then multiplied by the local tax rate. Homeowners in Blytheville experience property tax bills that vary significantly, with the 25th percentile paying around $204 and the 75th percentile paying approximately $870 annually. The 90th percentile sees a tax bill of about $1,406, showcasing the range of property values and tax burdens within the city. Factors influencing these tax bills include the market value of the home, any applicable exemptions, and the specific tax rates set by local taxing authorities. Compared to the national median property tax rate of 0.99%, Blytheville homeowners generally face lower tax rates, which can provide some financial relief. However, the impact on homeowners can still be significant, especially for those with higher-valued properties or fewer exemptions.
Average Blytheville Tax Bill
$502
Average Mississippi County Tax Bill
$527
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Blytheville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72315 | $92 | $204 | $502 | $869 | $1,405 |
| 72316 | $195 | $384 | $844 | $1,520 | $2,342 |
| 72370 | $255 | $255 | $255 | $255 | $255 |
Source: Ownwell