Umpire, Arkansas Property Taxes
The median property tax rate in Umpire, AR is 0.76%, lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Umpire at $84,025, the typical annual property tax bill is $567, significantly below the national median of $2,690. Property taxes in Umpire are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Umpire'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 Umpire or another part of Pike County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Umpire, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$639
$593
Ownwell’s Umpire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Umpire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Umpire 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 Umpire, Arkansas
Property taxes in Umpire, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Umpire is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Umpire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Umpire 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 Umpire's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71971 zip code has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these areas compare with Umpire 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 Umpire Tax Rate
0.76%
Average Pike County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Umpire, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71971 | 0.52% | 0.64% | 0.76% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Umpire, Arkansas
In Umpire, 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 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. In Umpire, 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 Umpire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 71971 in Pike County has both the highest and lowest median tax bill, which is $567.
Average Umpire Assessed Value
$84,025
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 Umpire, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71971 | $17,955 | $44,525 | $84,025 | $142,000 | $187,210 |
Source: Ownwell
Property Tax Bills Across Umpire, Arkansas
In Umpire, located in Pike County, AR, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The process begins with the county assessor determining the market value of a home, which is then multiplied by the assessment ratio set by the state. The resulting assessed value is used to calculate the property tax bill by applying the local tax rate. Several factors influence the final tax bill, including property characteristics, improvements, and market conditions. Homeowners in Umpire can expect tax bills to vary significantly. For example, the 25th percentile tax bill is around $260, while the 75th percentile reaches $1,014. The highest median tax bill recorded in the area is $567, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and public safety, directly impacting the quality of life for homeowners in Umpire.
Average Umpire Tax Bill
$567
Average Pike County Tax Bill
$523
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Umpire, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71971 | $124 | $260 | $567 | $1,014 | $1,467 |
Source: Ownwell