Burdette, Mississippi County, Arkansas Property Taxes
The median property tax rate in Burdette, AR is 0.75%, 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 $80,370 in Burdette, the typical annual property tax bill amounts to $592, significantly below the national median of $2,690. Property taxes in Burdette are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Burdette'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 Burdette or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burdette, Mississippi County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$603
$559
Ownwell’s Burdette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burdette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burdette 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 Burdette, Mississippi County, Arkansas
Property taxes in Burdette, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burdette is 0.75%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Burdette set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burdette 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 Burdette's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72321 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Burdette 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 Burdette Tax Rate
0.75%
Average Mississippi County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burdette, Mississippi County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72321 | 0.64% | 0.68% | 0.75% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Burdette, Mississippi County, Arkansas
In Burdette, 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 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 Burdette, 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 Burdette helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Burdette is 72321, with a median tax bill of $592.
Property Tax Assessment Values Across Burdette, Mississippi County, Arkansas
Source: Ownwell
$28,060
$119,774
$211,488
Average Burdette Assessed Value
$80,370
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 Burdette, Mississippi County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72321 | $7,186 | $59,040 | $80,370 | $148,905 | $224,963 |
Source: Ownwell
Property Tax Bills Across Burdette, Mississippi County, Arkansas
In Burdette, Mississippi County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the market value of the property, the assessment ratio, and the local tax rate. For example, with a median home price of $80,370, homeowners in this area might see tax bills ranging from $384 at the 25th percentile to $1,851 at the 90th percentile. The highest and lowest median tax bills in the area are both recorded at $592, indicating a relatively uniform tax burden across different zip codes. Compared to the national median property tax rate of 0.99%, Burdette's property tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Burdette Tax Bill
$592
Average Mississippi County Tax Bill
$527
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Burdette, Mississippi County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72321 | $61 | $384 | $592 | $1,185 | $1,851 |
Source: Ownwell