Dover, Arkansas Property Taxes
The median property tax rate in Dover, Arkansas is 0.96%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $94,575 in Dover, the typical annual property tax bill amounts to $816, which is significantly below the national median of $2,690. Property taxes in Dover are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Dover'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 Dover 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
Dover, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$908
$843
Ownwell’s Dover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dover 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 Dover, Arkansas
Property taxes in Dover, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dover is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Dover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dover 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 Dover's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72837 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Dover 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 Dover 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 Dover, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72837 | 0.66% | 0.82% | 0.96% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Dover, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dover, Arkansas. 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 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 Dover, 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 Dover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Dover, the median home price is $94,575. Homeowners in the 25th percentile pay around $380 in property taxes, while those in the 75th percentile pay approximately $1,388. The 90th percentile tax bill reaches up to $2,136. The zip code 72837 has both the highest and lowest median tax bill at $816.00.
Average Dover Assessed Value
$94,575
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 Dover, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72837 | $13,950 | $39,090 | $94,575 | $154,512 | $231,550 |
Source: Ownwell
Property Tax Bills Across Dover, Arkansas
In Dover, located in Pope County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. The median home price in Dover is $94,575. Property taxes are derived by applying the local tax rate to the assessed value. For homeowners, this means that the tax bill can vary significantly depending on the value of their property and the specific tax rate in their area. In Dover, the 25th percentile tax bill is $380, while the 75th percentile is $1,388, and the 90th percentile reaches $2,136. The highest and lowest median tax bills in the area are both $816 in the 72837 zip code. These figures highlight the range of property tax obligations that homeowners might face. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for evaluating local tax burdens. Understanding these factors is crucial for homeowners as property taxes can significantly impact their annual expenses.
Average Dover Tax Bill
$816
Average Pope County Tax Bill
$927
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Dover, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72837 | $174 | $380 | $816 | $1,388 | $2,136 |
Source: Ownwell