Cash, Arkansas Property Taxes
The median property tax rate in CASH, AR is 0.73%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $57,775 in CASH, the typical annual property tax bill amounts to $405, significantly under the national median of $2,690. Property taxes in CASH are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding CASH's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether residing in the heart of CASH or its surrounding areas, a comprehensive understanding of the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Cash, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$422
$391
Ownwell’s CASH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CASH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CASH 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 Cash, Arkansas
Property taxes in CASH, Arkansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in CASH is 0.73%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within CASH set these rates annually, and they can vary significantly across different neighborhoods. Each year, CASH 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 CASH's effective property tax rate to other counties in Arkansas and the national median. For comparison, the ZIP code 72421 has the highest median property tax rate of 0.73%, while the same ZIP code also has the lowest median tax rate of 0.73%. Understanding how these areas compare with CASH provides valuable insights into the varying tax landscape across Poinsett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cash Tax Rate
0.73%
Average Poinsett County Tax Rate
0.79%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cash, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72421 | 0.55% | 0.67% | 0.73% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Cash, Arkansas
In CASH, 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 Poinsett 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 CASH, 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. For instance, the median home price in CASH is $57,775, with tax bills ranging from $180 at the 25th percentile to $1,112 at the 90th percentile. The highest median tax bill is $405 in the zip code 72421, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cash Assessed Value
$57,775
Average Poinsett County Assessed Value
$65,250
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cash, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72421 | $7,605 | $22,538 | $57,775 | $101,338 | $158,990 |
Source: Ownwell
Property Tax Bills Across Cash, Arkansas
In CASH, located in Poinsett County, AR, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by the county assessor. For homeowners in CASH, the median home price is $57,775. Property tax bills can vary significantly, with the 25th percentile at $180 and the 75th percentile at $716. For those at the 90th percentile, the tax bill can reach up to $1,112. These taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners in CASH may notice that their property tax bills are relatively low compared to the national median property tax rate of 0.99%. The highest median tax bill in the area is $405, which is consistent across the zip code 72421. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly, ensuring they are prepared for their annual property tax obligations.
Average Cash Tax Bill
$405
Average Poinsett County Tax Bill
$472
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Cash, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72421 | $58 | $180 | $405 | $716 | $1,112 |
Source: Ownwell