Buckner, Arkansas Property Taxes
The median property tax rate in Buckner, Arkansas is 0.84%, aligning with the state median but still lower than the national median of 0.99%. With a median home value of $30,350 in Buckner, the typical annual property tax bill amounts to $181, significantly less than the national median of $2,690. Property taxes in Buckner are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Buckner'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 Buckner or another part of Nevada County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buckner, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$255
$237
Ownwell’s Buckner Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Buckner with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Buckner to provide a reliable estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you plan your finances better. For those interested in more granular details, additional localized information is available further down the page. Your property's assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Buckner, Arkansas
Property taxes in Buckner, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buckner is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Buckner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buckner 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 Buckner's effective property tax rate to other areas in Nevada County and the national median. For comparison, the 71827 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these areas compare with Buckner provides valuable insights into the varying tax landscape across Nevada County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buckner Tax Rate
0.84%
Average Nevada County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buckner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71827 | 0.21% | 0.48% | 0.84% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Buckner, Arkansas
In Buckner, 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 Nevada 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 Buckner, 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 Buckner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Buckner is $30,350, with tax bills ranging from $81 at the 25th percentile to $589 at the 90th percentile. The highest and lowest median tax bills, both at $181, are found in the 71827 zip code.
Average Buckner Assessed Value
$30,350
Average Nevada County Assessed Value
$30,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buckner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71827 | $3,650 | $10,475 | $30,350 | $51,950 | $89,475 |
Source: Ownwell
Property Tax Bills Across Buckner, Arkansas
In Buckner, located in Nevada County, AR, property tax bills are calculated based on the assessed value of the property, which is determined as a percentage of the market value. The assessed value is then multiplied by the local tax rate to arrive at the final tax bill. Various factors influence the tax bill, including the property's market value, any applicable exemptions, and the local tax rate. For homeowners in Buckner, the median home price is $30,350, and property tax bills can vary significantly. For instance, the 25th percentile of tax bills is $81, while the 75th percentile is $365, and the 90th percentile reaches up to $589. Comparatively, the national median property tax rate is 0.99%, which gives a perspective on how Buckner's rates stand in relation to the rest of the country. Homeowners in Buckner should be aware that fluctuations in property values and changes in local tax rates can impact their annual tax bill. Understanding these factors can help homeowners plan better and potentially seek exemptions or appeals to lower their tax liabilities.
Average Buckner Tax Bill
$181
Average Nevada County Tax Bill
$203
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Buckner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71827 | $30 | $81 | $181 | $365 | $589 |
Source: Ownwell