East Camden, Arkansas Property Taxes
The median property tax rate in East Camden, AR, is 1.20%, considerably higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in East Camden, the typical annual property tax bill reaches $316, which is significantly lower than the national median of $2,690. Property taxes in East Camden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Camden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of East Camden 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
East Camden, 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 East Camden Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate annual property taxes with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in East Camden to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across East Camden, Arkansas
Property taxes in East Camden, Arkansas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in East Camden is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Camden set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Camden 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 East Camden's effective property tax rate to the national median. For comparison, the median property tax rate in East Camden is consistent across different zip codes within the area. Understanding how these cities compare with East Camden provides valuable insights into the varying tax landscape across Ouachita County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Camden Tax Rate
1.20%
Average Ouachita County Tax Rate
0.85%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Camden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71701 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across East Camden, Arkansas
In East Camden, 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 Ouachita County Assessor's Office 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 East Camden, 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. For example, the median home price in East Camden is $26,450, with tax bills ranging from $188 at the 25th percentile to $884 at the 90th percentile. The zip code with the highest median tax bill is 71701, amounting to $316. 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 East Camden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average East Camden Assessed Value
$26,450
Average Ouachita County Assessed Value
$39,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Camden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71701 | $9,330 | $15,750 | $26,450 | $56,100 | $73,890 |
Source: Ownwell
Property Tax Bills Across East Camden, Arkansas
In East Camden, 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 East Camden is $26,450. Property taxes are then determined by applying the local tax rate to this assessed value. Homeowners in East Camden can expect their tax bills to vary significantly, with the 25th percentile tax bill around $188 and the 75th percentile reaching up to $671. For those at the 90th percentile, the tax bill can be as high as $884. These property taxes fund essential local services such as schools, public safety, and infrastructure. The median tax bill in the region is notably lower than the national median property tax rate of 0.99%, making East Camden an attractive location for homeowners looking for lower property tax burdens. However, the impact on homeowners varies depending on the assessed value of their property and the specific tax rate applied by the local government.
Average East Camden Tax Bill
$316
Average Ouachita County Tax Bill
$254
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across East Camden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71701 | $112 | $188 | $316 | $671 | $884 |
Source: Ownwell