Dell, Arkansas Property Taxes
The median property tax rate in Dell, Arkansas is 0.73%, 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 $83,742 in Dell, the typical annual property tax bill is around $616, significantly below the national median of $2,690. Property taxes in Dell are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Dell'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 Dell or another part of the city, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dell, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$611
$567
Ownwell’s DELL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DELL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DELL 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 Dell, Arkansas
Property taxes in Dell, Arkansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Dell is 0.73%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Dell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dell 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 Dell's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72426 zip code has both the highest and lowest median property tax rate of 0.73%. Understanding how these cities compare with Dell 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 Dell Tax Rate
0.73%
Average Mississippi County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dell, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72426 | 0.60% | 0.68% | 0.73% | 0.80% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Dell, Arkansas
In Dell, 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 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 Dell, 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 Dell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Mississippi County, the zip code with the highest median tax bill is 72426, with a median tax bill of $616. Conversely, the same zip code also has the lowest median tax bill at $616. The median home price in the area is $83,742, with tax bills ranging from the 25th percentile at $385 to the 90th percentile at $1,376.
Average Dell Assessed Value
$83,742
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 Dell, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72426 | $41,820 | $56,138 | $83,742 | $131,349 | $208,688 |
Source: Ownwell
Property Tax Bills Across Dell, Arkansas
In Dell, Mississippi County, AR, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements play a role in determining the market value. For instance, a median home price in Dell is $83,742, and tax bills can vary significantly within the area. At the 25th percentile, homeowners might see a tax bill of around $385, while at the 75th percentile, it could rise to approximately $1,038. For those at the 90th percentile, tax bills can reach up to $1,376. These variances affect homeowners differently, depending on their property's assessed value and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Dell's property taxes can be relatively manageable, but they still represent a significant annual expense for homeowners.
Average Dell Tax Bill
$616
Average Mississippi County Tax Bill
$527
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Dell, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72426 | $298 | $385 | $616 | $1,038 | $1,376 |
Source: Ownwell