Roe, Arkansas Property Taxes
The median property tax rate in ROE, AR is 0.96%, 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 $39,500 in ROE, the typical annual property tax bill is around $397, which is significantly below the national median of $2,690. Property taxes in ROE are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding ROE'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 ROE or another part of Monroe County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roe, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s ROE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROE 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 Roe, Arkansas
Property taxes in ROE, Arkansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in ROE is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within ROE set these rates annually, and they can vary significantly across different neighborhoods. Each year, ROE 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 ROE's effective property tax rate to other regions in Arkansas and the national median. For comparison, the 72134 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with ROE provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roe Tax Rate
0.96%
Average Monroe County Tax Rate
0.96%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72134 | 0.84% | 0.95% | 0.96% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Roe, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in ROE, Arkansas. 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 Monroe 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 ROE, 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. For instance, the highest median tax bill in ROE is $397 in the 72134 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roe Assessed Value
$39,500
Average Monroe County Assessed Value
$34,500
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72134 | $4,420 | $19,850 | $39,500 | $73,650 | $120,000 |
Source: Ownwell
Property Tax Bills Across Roe, Arkansas
In ROE, Monroe County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $39,500, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property’s location within Monroe County and any applicable exemptions or deductions can influence the final tax amount. For example, homeowners in the 25th percentile typically see tax bills around $214, while those in the 75th percentile pay approximately $753. The highest tax bills, in the 90th percentile, can reach up to $1,131. Comparatively, the national median property tax rate stands at 0.99%, highlighting the variation in tax burdens across different regions. Understanding these factors helps homeowners in ROE anticipate their annual property tax obligations and manage their finances more effectively.
Average Roe Tax Bill
$397
Average Monroe County Tax Bill
$356
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Roe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72134 | $87 | $214 | $397 | $753 | $1,131 |
Source: Ownwell