Roland, Arkansas Property Taxes
The median property tax rate in Roland, AR is 0.69%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Roland at $240,775, the typical annual property tax bill reaches $1,765, which is below the national median of $2,690. Property taxes in Roland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roland'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 Roland 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
Roland, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,661
Ownwell’s Roland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roland 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 Roland, Arkansas
Property taxes in Roland, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roland is 0.69%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Roland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roland 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 Roland's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72135 has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Roland 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 Roland Tax Rate
0.69%
Average Perry County Tax Rate
0.63%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roland, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72135 | 0.61% | 0.64% | 0.69% | 0.74% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Roland, Arkansas
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Roland, Arkansas. The market value represents 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 Roland, 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 72135 has the highest and lowest median tax bill at $1,765, which is below the national median property tax rate of 0.99%. Being aware of these valuation processes in Roland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roland Assessed Value
$240,775
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 Roland, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72135 | $151,875 | $185,212 | $240,775 | $296,338 | $329,675 |
Source: Ownwell
Property Tax Bills Across Roland, Arkansas
In Roland, located in Perry 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 Roland is $240,775. Homeowners should expect their property tax bill to be influenced by factors such as the assessed value, local tax rates, and any applicable exemptions. For instance, the tax bill for the 25th percentile is $1,262, while it rises to $2,268 for the 75th percentile and $2,570 for the 90th percentile. Comparatively, the highest median tax bill in the area is $1,765, which is significantly lower than the national median property tax rate of 0.99%. These figures illustrate how property taxes can vary widely depending on the specific characteristics of the property and local tax policies. Homeowners in Roland need to be aware of these factors as they directly impact their annual tax obligations, potentially affecting their overall financial planning.
Average Roland Tax Bill
$1,765
Average Perry County Tax Bill
$443
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Roland, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72135 | $960 | $1,262 | $1,765 | $2,268 | $2,570 |
Source: Ownwell