Helena, Arkansas Property Taxes
The median property tax rate in Helena, AR is 1.21%, considerably higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Helena, the typical annual property tax bill reaches $408, well below the national median of $2,690. Property taxes in Helena 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 Helena'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 Helena 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
Helena, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$413
$383
Ownwell’s Helena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Helena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Helena 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 Helena, Arkansas
Property taxes in Helena, Arkansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Helena is 1.21%, higher than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Helena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Helena 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 Helena's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72342 zip code has the highest median property tax rate of 1.21%, while the 72342 zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Helena 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 Helena Tax Rate
1.21%
Average Phillips County Tax Rate
0.97%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Helena, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72342 | 0.44% | 0.80% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Helena, Arkansas
In Helena, 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 Assessor 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 Helena, 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 Helena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Helena, the zip code 72342 has the highest and lowest median tax bill at $408.
Average Helena Assessed Value
$34,150
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 Helena, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72342 | $6,000 | $10,562 | $34,150 | $90,225 | $146,050 |
Source: Ownwell
Property Tax Bills Across Helena, Arkansas
In Helena, Phillips County, AR, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Helena is $34,150. Property taxes are calculated by applying the local tax rate to the assessed value. This rate can vary, but it is essential to note that the national median property tax rate is 0.99%. Several factors influence the tax bill, including the home's location, size, and condition. In Helena, the tax bill at the 25th percentile is $123, while at the 75th percentile, it reaches $944. For those at the 90th percentile, the tax bill can be as high as $1,636. The highest median tax bill in the area is $408, found in the 72342 zip code, which is also the lowest median tax bill. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it crucial for homeowners to understand how their tax bills are calculated.
Average Helena Tax Bill
$408
Average Phillips County Tax Bill
$283
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Helena, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72342 | $67 | $123 | $408 | $944 | $1,636 |
Source: Ownwell