Barton, Arkansas Property Taxes
The median property tax rate in Barton, AR is 0.40%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Barton at $74,125, the typical annual property tax bill is around $293, much less than the national median of $2,690. Property taxes in Barton are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Barton'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 Barton or another part of the city, getting to grips with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barton, 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 Barton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barton 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 Barton, Arkansas
Property taxes in Barton, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barton is 0.43%, lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Barton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barton 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 Barton's effective property tax rate to other counties in Arkansas and the national median. For comparison, the highest median property tax rate in Arkansas is found in Pulaski County at 0.89%, while the lowest median tax rate is in Newton County at 0.42%. Understanding how these cities compare with Barton provides valuable insights into the varying tax landscape across Phillips County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barton Tax Rate
0.40%
Average Phillips County Tax Rate
0.97%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72312 | 0.36% | 0.38% | 0.40% | 0.42% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Barton, Arkansas
In Barton, 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 Phillips 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 Barton, 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 Barton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barton Assessed Value
$74,125
Average Phillips County Assessed Value
$31,950
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72312 | $71,265 | $72,338 | $74,125 | $75,912 | $76,985 |
Source: Ownwell
Property Tax Bills Across Barton, Arkansas
In Barton, Phillips 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 Barton is $74,125. Property taxes in this region are relatively low compared to the national median property tax rate of 0.99%. For example, the tax bill at the 25th percentile is $284, while at the 75th percentile, it is $302. The 90th percentile tax bill is $308, indicating a narrow range of property tax bills in the area. The highest and lowest median tax bills in Barton are both $293, suggesting a consistent tax rate across different properties. Factors such as property improvements, location within the county, and any applicable exemptions can influence the final tax bill. For homeowners, these property taxes fund essential public services like schools, roads, and emergency services, directly impacting the quality of life in the community. Understanding how these taxes are calculated can help homeowners better plan their finances and possibly identify opportunities for tax savings.
Average Barton Tax Bill
$293
Average Phillips County Tax Bill
$283
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Barton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72312 | $279 | $284 | $293 | $302 | $308 |
Source: Ownwell