Deer, Arkansas Property Taxes
The median property tax rate in Deer, AR is 0.71%, 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 Deer at $64,350, the typical annual property tax bill is $433, significantly less than the national median of $2,690. Property taxes in Deer are determined based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Deer'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 Deer or another part of Newton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deer, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$457
Ownwell’s Deer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deer 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 Deer, Arkansas
Property taxes in Deer, Arkansas, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Deer is 0.71%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Deer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deer 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 Deer's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72628 has both the highest and lowest median property tax rate of 0.71%. Understanding how these cities compare with Deer 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 Deer Tax Rate
0.71%
Average Newton County Tax Rate
0.71%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deer, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72628 | 0.50% | 0.60% | 0.71% | 0.83% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Deer, Arkansas
In DEER, 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 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 DEER, 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 DEER helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in DEER is $433.00 in the 72628 zip code, while the lowest is also $433.00 in the same zip code.
Average Deer Assessed Value
$64,350
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 Deer, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72628 | $12,650 | $34,150 | $64,350 | $111,250 | $173,800 |
Source: Ownwell
Property Tax Bills Across Deer, Arkansas
In Deer, located in Newton 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 Deer is $64,350. Property taxes in this area are influenced by the local tax rate, which reflects the community's funding needs for services like schools, roads, and emergency services. Homeowners in Deer can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $233, while the 75th percentile reaches $724, and the 90th percentile can go up to $1,120. The highest median tax bill recorded in the area is $433, which is levied in the zip code 72628. In comparison to the national median property tax rate of 0.99%, Deer homeowners experience a range of tax bills that can substantially affect their annual expenses. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Deer Tax Bill
$433
Average Newton County Tax Bill
$525
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Deer, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72628 | $101 | $233 | $433 | $724 | $1,120 |
Source: Ownwell