West Ridge, Arkansas Property Taxes
The median property tax rate in West Ridge, Arkansas is 0.72%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in West Ridge at $61,150, the typical annual property tax bill amounts to $456, significantly below the national median of $2,690. Property taxes in West Ridge are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of West Ridge's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in considerable annual savings. Whether you're in the heart of West Ridge or its surrounding areas, a deep knowledge of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Ridge, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$440
$409
Ownwell’s West Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Ridge 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 West Ridge, Arkansas
Property taxes in West Ridge, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Ridge is 0.72%, which is below the U.S. national median of 0.99%. Local government entities within West Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Ridge 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 West Ridge's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72391 has the highest median property tax rate of 0.72%, while the lowest median tax rate is also 0.72% in the same zip code. Understanding how these cities compare with West Ridge 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 West Ridge Tax Rate
0.72%
Average Mississippi County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Ridge, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72391 | 0.34% | 0.46% | 0.72% | 0.93% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across West Ridge, Arkansas
In West Ridge, 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 West Ridge, 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 West Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in West Ridge is $61,150, with tax bills ranging from $210 at the 25th percentile to $1,160 at the 90th percentile.
Average West Ridge Assessed Value
$61,150
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 West Ridge, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72391 | $14,155 | $30,455 | $61,150 | $126,750 | $240,900 |
Source: Ownwell
Property Tax Bills Across West Ridge, Arkansas
In West Ridge, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in this city can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $210, while those in the 75th percentile see bills closer to $767. For the top 10% of homeowners, tax bills can reach up to $1,160. These figures are influenced by the median home price in West Ridge, which stands at $61,150. The highest and lowest median tax bills in the county, both recorded at $456 in the 72391 zip code, reflect the relatively uniform tax rates within the area. Compared to the national median property tax rate of 0.99%, West Ridge offers a more affordable tax environment, which can be a significant advantage for homeowners. This affordability can make a substantial difference in the overall cost of homeownership, particularly for those on a budget.
Average West Ridge Tax Bill
$456
Average Mississippi County Tax Bill
$527
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across West Ridge, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72391 | $143 | $210 | $456 | $767 | $1,160 |
Source: Ownwell