Alpena, Arkansas Property Taxes
The median property tax rate in Alpena, Arkansas is 0.81%, 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 Alpena at $71,750, the typical annual property tax bill amounts to $551, significantly below the national median of $2,690. Property taxes in Alpena 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 Alpena'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 Alpena 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
Alpena, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$581
$539
Ownwell’s Alpena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alpena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alpena 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 Alpena, Arkansas
Property taxes in Alpena, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alpena is 0.61%, lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Alpena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alpena 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 Alpena's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72611 zip code has the highest median property tax rate of 0.81%, while the same 72611 zip code has the lowest median tax rate of 0.81%. Understanding how these cities compare with Alpena provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alpena Tax Rate
0.81%
Average Newton County Tax Rate
0.71%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alpena, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72611 | 0.59% | 0.70% | 0.81% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Alpena, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Alpena, 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 Newton 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 Alpena, 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 zip code with the highest median tax bill in Alpena is 72611, with a value of $551. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alpena Assessed Value
$71,750
Average Newton County Assessed Value
$77,850
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alpena, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72611 | $21,125 | $36,675 | $71,750 | $124,562 | $244,490 |
Source: Ownwell
Property Tax Bills Across Alpena, Arkansas
In Alpena, Newton County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Alpena is $71,750. Property taxes are determined by multiplying the assessed value by the local tax rate, which can vary within the county. For a typical homeowner, the tax bill can range significantly. At the 25th percentile, property taxes are around $278, while at the 75th percentile, they rise to approximately $924. For those in the 90th percentile, the tax bill can reach up to $1,772. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Homeowners in Alpena should be aware of these costs as they can impact the overall affordability of their property. Comparing these figures to the national median property tax rate of 0.99%, it's evident that property tax rates in Alpena can vary widely, reflecting the diverse economic conditions within the area.
Average Alpena Tax Bill
$551
Average Newton County Tax Bill
$525
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Alpena, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72611 | $165 | $278 | $551 | $924 | $1,772 |
Source: Ownwell