Kirby, Arkansas Property Taxes
The median property tax rate in Kirby, AR is 0.79%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $66,650 in Kirby, the typical annual property tax bill amounts to $528, significantly below the national median of $2,690. Property taxes in Kirby are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kirby'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 Kirby 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
Kirby, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$527
$489
Ownwell’s Kirby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kirby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kirby 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 Kirby, Arkansas
Property taxes in Kirby, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirby is 0.79%, lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Kirby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirby 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 Kirby's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71950 zip code has the highest median property tax rate of 0.79%, while the 71950 zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Kirby provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kirby Tax Rate
0.79%
Average Pike County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kirby, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71950 | 0.58% | 0.68% | 0.79% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Kirby, Arkansas
In Kirby, 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 Pike 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 Kirby, 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 Kirby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 71950 has the highest median tax bill at $528, which is also the lowest in the area.
Average Kirby Assessed Value
$66,650
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 Kirby, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71950 | $12,000 | $31,412 | $66,650 | $133,800 | $241,775 |
Source: Ownwell
Property Tax Bills Across Kirby, Arkansas
In Kirby, located in Pike County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $66,650, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Tax bills in Kirby show significant variation, with the 25th percentile at $261 and the 75th percentile at $972, while the 90th percentile reaches $1,863. These figures indicate that while some homeowners may pay relatively low property taxes, others could face higher bills depending on their property's assessed value and any qualifying exemptions. The highest and lowest median tax bills both stand at $528 in the 71950 zip code, highlighting a range of tax burdens within the community. This variability in tax bills can significantly impact homeowners' financial planning and overall affordability of homeownership in Kirby.
Average Kirby Tax Bill
$528
Average Pike County Tax Bill
$523
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirby, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71950 | $120 | $261 | $528 | $972 | $1,863 |
Source: Ownwell