Pike County Property Taxes
The median property tax rate in Pike County is 0.84%, which is lower than the national median of 0.99% and aligns with the Arkansas state median of 0.84%. With a median home value of $63,750 in Pike County, the typical annual property tax bill amounts to $523, significantly below the national median of $2,690. Property taxes in Pike County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Pike County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Murfreesboro or another part of Pike County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pike County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$536
Ownwell’s Pike County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Pike County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pike County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Pike County, Arkansas
Property taxes in Pike County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pike County is 0.84%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Pike County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pike County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Antoine has one of the higher property tax rates in Arkansas at 0.94%, while the city of Nashville boasts one of the lowest at 0.75%. Analyzing how Pike County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pike County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pike County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | 0.56% | 0.66% | 0.78% | 0.88% | 0.89% |
| Antoine | 0.70% | 0.83% | 0.94% | 0.99% | 0.99% |
| Caddo Gap | 0.73% | 0.74% | 0.77% | 0.83% | 0.86% |
| Delight | 0.55% | 0.67% | 0.77% | 0.89% | 0.90% |
| Glenwood | 0.58% | 0.72% | 0.86% | 0.92% | 0.98% |
| Kirby | 0.58% | 0.68% | 0.79% | 0.89% | 0.89% |
| Langley | 0.51% | 0.63% | 0.80% | 0.89% | 0.90% |
| Murfreesboro | 0.63% | 0.75% | 0.89% | 0.93% | 0.95% |
| Nashville | 0.58% | 0.67% | 0.75% | 0.89% | 0.89% |
| Newhope | 0.64% | 0.80% | 0.89% | 0.93% | 0.93% |
| Umpire | 0.52% | 0.64% | 0.76% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Pike County, Arkansas
In Pike County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Pike County Appraisal District. The assessed value, however, 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 Pike County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, homeowners in Caddo Gap face the highest median tax bill at $730, while those in Antoine enjoy the lowest at $327. Being aware of these valuation processes in Pike County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Pike County Assessed Value
$63,750
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pike County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | $12,560 | $29,700 | $65,450 | $134,450 | $208,130 |
| Antoine | $4,620 | $19,350 | $34,575 | $63,212 | $101,455 |
| Caddo Gap | $29,530 | $54,100 | $95,050 | $131,425 | $153,250 |
| Delight | $4,955 | $22,625 | $54,200 | $106,725 | $173,545 |
| Glenwood | $6,310 | $26,475 | $67,050 | $135,162 | $222,505 |
| Kirby | $12,000 | $31,412 | $66,650 | $133,800 | $241,775 |
| Langley | $4,420 | $28,475 | $61,025 | $126,225 | $174,450 |
| Murfreesboro | $13,055 | $36,562 | $68,100 | $121,825 | $223,180 |
| Nashville | $9,600 | $30,850 | $69,600 | $131,375 | $217,800 |
| Newhope | $10,425 | $24,462 | $50,575 | $80,725 | $119,925 |
| Umpire | $17,955 | $44,525 | $84,025 | $142,000 | $187,210 |
Source: Ownwell
Property Tax Bills Across Pike County, Arkansas
In Pike County, AR, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in the county is $63,750, and the property tax rate is applied to this assessed value to determine the tax bill. Various factors influence the final tax bill, including the property's location and any applicable exemptions. For instance, the tax bill can vary significantly within the county. In Caddo Gap, the highest median tax bill is $730, whereas in Antoine, the lowest median tax bill is $327. This variation highlights the impact of local tax rates and property values on homeowners' tax liabilities. Homeowners in Pike County might see tax bills ranging from $262 at the 25th percentile to $1620 at the 90th percentile. Understanding these factors is crucial for homeowners as property taxes directly affect their annual financial planning and the overall cost of owning a home.
Average Pike County Tax Bill
$523
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pike County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | $125 | $260 | $507 | $956 | $1,482 |
| Antoine | $85 | $198 | $327 | $639 | $970 |
| Caddo Gap | $239 | $423 | $730 | $968 | $1,110 |
| Delight | $81 | $213 | $440 | $767 | $1,224 |
| Glenwood | $82 | $256 | $576 | $1,082 | $1,706 |
| Kirby | $120 | $261 | $528 | $972 | $1,863 |
| Langley | $80 | $231 | $452 | $754 | $1,469 |
| Murfreesboro | $170 | $331 | $590 | $992 | $1,856 |
| Nashville | $103 | $267 | $530 | $907 | $1,608 |
| Newhope | $113 | $211 | $422 | $663 | $1,030 |
| Umpire | $124 | $260 | $567 | $1,014 | $1,467 |
Source: Ownwell