West Helena, Arkansas Property Taxes
The median property tax rate in West 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 West Helena, the typical annual property tax bill reaches $240, which is significantly lower than the national median of $2,690. Property taxes in West 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 West 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 West Helena or another part of Phillips County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Helena, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$335
$311
Ownwell’s West Helena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Helena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West 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 West Helena, Arkansas
Property taxes in West Helena, Arkansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in West Helena is 1.21%, significantly higher than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within West Helena set these rates annually, and they can vary significantly across different neighborhoods. Each year, West 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 West Helena's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72390 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with West 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 West 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 West Helena, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72390 | 0.23% | 0.61% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across West Helena, Arkansas
In West 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 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. Assessment notices in West Helena 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. The highest median tax bill in the area is $240 in the 72390 zip code, while the lowest is also $240 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average West Helena Assessed Value
$27,675
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 West Helena, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72390 | $6,335 | $14,050 | $27,675 | $44,562 | $68,765 |
Source: Ownwell
Property Tax Bills Across West Helena, Arkansas
In West Helena, located in 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 this area is $27,675. Property tax rates are applied to this assessed value to determine the tax bill. For homeowners in West Helena, the tax bill can vary significantly. For instance, those in the 25th percentile can expect to pay around $107, while those in the 75th percentile might pay approximately $431. At the 90th percentile, the tax bill increases to about $662. The highest median tax bill in the area is $240, which is notably lower than the national median property tax rate of 0.99%. These variations in tax bills can significantly affect homeowners, influencing decisions related to property investment and homeownership affordability. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average West Helena Tax Bill
$240
Average Phillips County Tax Bill
$283
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across West Helena, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72390 | $53 | $107 | $240 | $431 | $662 |
Source: Ownwell