Atkins, Arkansas Property Taxes
The median property tax rate in Atkins, AR is 0.96%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Atkins at $74,450, the typical annual property tax bill is $649, which is significantly below the national median of $2,690. Property taxes in Atkins 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 Atkins'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 Atkins 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
Atkins, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$715
Ownwell’s Atkins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atkins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atkins 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 Atkins, Arkansas
Property taxes in Atkins, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atkins is 0.96%, which is lower than the U.S. national median of 0.99%. Local government entities within Atkins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atkins 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 Atkins's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72823 ZIP code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Atkins provides valuable insights into the varying tax landscape across Pope County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atkins Tax Rate
0.96%
Average Pope County Tax Rate
0.92%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atkins, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72823 | 0.64% | 0.80% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Atkins, Arkansas
In Atkins, 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 Pope County Assessor's Office 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 Atkins, 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. The median home price in Atkins is $74,450, with tax bills ranging from $351 at the 25th percentile to $1,728 at the 90th percentile. The highest and lowest median tax bills are both $649 in the 72823 zip code. Being aware of these valuation processes in Atkins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Atkins Assessed Value
$74,450
Average Pope County Assessed Value
$105,400
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atkins, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72823 | $11,300 | $36,250 | $74,450 | $120,550 | $184,800 |
Source: Ownwell
Property Tax Bills Across Atkins, Arkansas
In Atkins, located in Pope County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $74,450, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $351, while those in the 75th percentile face bills closer to $1,038. At the 90th percentile, this amount can rise to $1,728. These tax bills are influenced by several factors, including local tax rates and any applicable exemptions. With a median tax bill of $649, Atkins residents experience lower property taxes compared to the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Atkins, but it's essential for homeowners to stay informed about their property's assessed value and any changes in local tax rates to manage their financial planning effectively.
Average Atkins Tax Bill
$649
Average Pope County Tax Bill
$927
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Atkins, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72823 | $160 | $351 | $649 | $1,038 | $1,728 |
Source: Ownwell