Etowah, Arkansas Property Taxes
The median property tax rate in Etowah, Arkansas is 1.01%, slightly higher than the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Etowah, the typical annual property tax bill reaches $354, which is significantly lower than the national median of $2,690. Property taxes in Etowah are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Etowah'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 Etowah 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
Etowah, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$442
$410
Ownwell’s Etowah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Etowah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Etowah 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 Etowah, Arkansas
Property taxes in Etowah, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Etowah is 1.01%, higher than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Etowah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Etowah 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 Etowah's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72428 has both the highest and lowest median property tax rate of 1.01%. Understanding how these areas compare with Etowah 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 Etowah Tax Rate
1.01%
Average Mississippi County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Etowah, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72428 | 0.56% | 0.76% | 1.01% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Etowah, Arkansas
In Etowah, 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 Etowah, 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. The median home price in Etowah is $43,730, with tax bills ranging from $171 at the 25th percentile to $934 at the 90th percentile. The highest and lowest median tax bills are both $354 in the 72428 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Etowah Assessed Value
$43,730
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 Etowah, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72428 | $7,736 | $19,452 | $43,730 | $75,792 | $102,928 |
Source: Ownwell
Property Tax Bills Across Etowah, Arkansas
In Etowah, Arkansas, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the property. For homeowners in Etowah, the median home price is $43,730. The tax bill can vary significantly, with the 25th percentile at $171 and the 75th percentile reaching $656. For those in the 90th percentile, the tax bill can go up to $934. These figures indicate that while some homeowners may face relatively modest tax bills, others could see higher amounts depending on their property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Etowah's property taxes can be considered relatively moderate. However, the impact on homeowners can vary, affecting their annual budgets and financial planning. Understanding these factors is crucial for homeowners to manage their expenses and anticipate their property tax obligations.
Average Etowah Tax Bill
$354
Average Mississippi County Tax Bill
$527
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Etowah, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72428 | $76 | $171 | $354 | $656 | $934 |
Source: Ownwell