Dyess, Arkansas Property Taxes
The median property tax rate in Dyess, AR is 0.91%, 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 $44,305 in Dyess, the typical annual property tax bill is $326, significantly lower than the national median of $2,690. Property taxes in Dyess 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 Dyess'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 Dyess or another part of Mississippi County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dyess, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$403
$374
Ownwell’s Dyess Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dyess with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dyess 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 Dyess, Arkansas
Property taxes in Dyess, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dyess is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Dyess set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dyess 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 Dyess's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72330 in Mississippi County has both the highest and lowest median property tax rate of 0.91%. Understanding how these cities compare with Dyess 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 Dyess Tax Rate
0.91%
Average Mississippi County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dyess, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72330 | 0.47% | 0.65% | 0.91% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Dyess, Arkansas
In Dyess, 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 Dyess, 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 Dyess 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 is 72330, with a median bill of $326, which is also the lowest median tax bill in the area.
Average Dyess Assessed Value
$44,305
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 Dyess, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72330 | $7,848 | $22,478 | $44,305 | $76,052 | $113,826 |
Source: Ownwell
Property Tax Bills Across Dyess, Arkansas
In Dyess, Mississippi County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically represents a percentage of the market value of the property. Various factors influence this value, including the home's location, size, and condition. Homeowners in Dyess can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $158, while it reaches $559 at the 75th percentile and $872 at the 90th percentile. The median home price in Dyess is $44,305. Compared to the national median property tax rate of 0.99%, Dyess offers relatively lower property taxes, making it an affordable option for homeowners. However, it's essential for homeowners to stay informed about any changes in assessed values and tax rates, as these can directly impact their annual tax bills and overall financial planning.
Average Dyess Tax Bill
$326
Average Mississippi County Tax Bill
$527
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Dyess, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72330 | $69 | $158 | $326 | $559 | $872 |
Source: Ownwell