Bigelow, Arkansas Property Taxes
The median property tax rate in Bigelow, Arkansas is 0.64%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Bigelow at $90,050, the typical annual property tax bill is $594, significantly below the national median of $2,690. Property taxes in Bigelow are calculated based on the assessed value, which often falls below market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bigelow'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 Bigelow or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bigelow, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$576
Ownwell’s Bigelow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bigelow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bigelow 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 Bigelow, Arkansas
Property taxes in Bigelow, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bigelow is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Bigelow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bigelow 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 Bigelow's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72016 zip code has the highest median property tax rate of 0.64%, while the 72016 zip code also has the lowest median tax rate of 0.64%. Understanding how these areas compare with Bigelow provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bigelow Tax Rate
0.64%
Average Perry County Tax Rate
0.63%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bigelow, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72016 | 0.15% | 0.40% | 0.64% | 0.87% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Bigelow, Arkansas
In Bigelow, 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 Perry 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 Bigelow, 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 Bigelow is $90,050, with tax bills ranging from $240 at the 25th percentile to $1,843 at the 90th percentile. The highest and lowest median tax bills are both $594, found in zip code 72016. 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 Bigelow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bigelow Assessed Value
$90,050
Average Perry County Assessed Value
$78,175
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bigelow, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72016 | $20,270 | $43,800 | $90,050 | $160,512 | $238,945 |
Source: Ownwell
Property Tax Bills Across Bigelow, Arkansas
In Bigelow, located in Perry County, AR, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. Homeowners in Bigelow can expect their tax bills to vary significantly, with the 25th percentile tax bill at $240 and the 75th percentile reaching $1,153. This variation is due to differences in property values and the specific tax rates applied by local taxing authorities. The median home price in Bigelow is $90,050, and the median property tax bill stands at $594, which is lower than the national median property tax rate of 0.99%. Factors that influence the tax bill include the property's assessed value, the local tax rate, and any exemptions or deductions the homeowner may qualify for. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. For homeowners, understanding these factors can help in planning and managing annual property tax expenses effectively.
Average Bigelow Tax Bill
$594
Average Perry County Tax Bill
$443
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bigelow, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72016 | $68 | $240 | $594 | $1,153 | $1,843 |
Source: Ownwell