Poplar Grove, Arkansas Property Taxes
The median property tax rate in Poplar Grove, Arkansas is 0.87%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Poplar Grove at $39,450, the typical annual property tax bill is $335, significantly below the national median of $2,690. Property taxes in Poplar Grove are calculated based on the tax assessed value, which often falls below market value due to exemptions like the primary residence and agricultural exemptions. Understanding Poplar Grove’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 Poplar Grove 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
Poplar Grove, 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 Poplar Grove Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Poplar Grove with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Poplar Grove to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Poplar Grove, Arkansas
Property taxes in Poplar Grove, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poplar Grove is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Poplar Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poplar Grove 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 Poplar Grove's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72374 has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with Poplar Grove 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 Poplar Grove Tax Rate
0.87%
Average Phillips County Tax Rate
0.97%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poplar Grove, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72374 | 0.25% | 0.45% | 0.87% | 0.87% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Poplar Grove, Arkansas
In Poplar Grove, 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'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. 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 Poplar Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Poplar Grove, the zip code with the highest median tax bill is 72374, with a value of $335.
Average Poplar Grove Assessed Value
$39,450
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 Poplar Grove, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72374 | $14,310 | $24,500 | $39,450 | $82,450 | $162,930 |
Source: Ownwell
Property Tax Bills Across Poplar Grove, Arkansas
Property tax bills in Poplar Grove, located in Phillips County, AR, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Various factors such as property size, location, and market conditions influence this assessment. Homeowners in Poplar Grove typically see a wide range of property tax bills. For instance, the 25th percentile tax bill is around $196, while the 75th percentile tax bill reaches $812. At the higher end, the 90th percentile tax bill can be as much as $1,537. The median home price in Poplar Grove is $39,450, which is significantly lower than the national median property tax rate of 0.99%. This lower market value translates into relatively lower property tax bills for homeowners. Understanding how these assessments and rates work can help homeowners manage their annual tax obligations more effectively.
Average Poplar Grove Tax Bill
$335
Average Phillips County Tax Bill
$283
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Poplar Grove, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72374 | $85 | $196 | $335 | $812 | $1,537 |
Source: Ownwell