Hagarville, Pope County, Arkansas Property Taxes
The median property tax rate in Hagarville, AR is 0.98%, just below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Hagarville at $37,200, the typical annual property tax bill is $366, significantly lower than the national median of $2,690. Property taxes in Hagarville 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 Hagarville'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 Hagarville 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
Hagarville, Pope County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$365
$338
Ownwell’s Hagarville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hagarville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hagarville 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 Hagarville, Pope County, Arkansas
Property taxes in Hagarville, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hagarville is 0.52%, which is significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Hagarville set these rates annually, and they can vary across different neighborhoods. Each year, Hagarville 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 Hagarville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72839 zip code has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these areas compare with Hagarville provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hagarville Tax Rate
0.98%
Average Pope County Tax Rate
0.92%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hagarville, Pope County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72839 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Hagarville, Pope County, Arkansas
In Hagarville, 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 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 Hagarville, 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 Hagarville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bill in the area is $366.00, found in the zip code 72839.
Property Tax Assessment Values Across Hagarville, Pope County, Arkansas
Source: Ownwell
$37,200
$87,550
$137,900
Average Hagarville Assessed Value
$37,200
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 Hagarville, Pope County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72839 | $4,890 | $20,125 | $37,200 | $52,050 | $64,910 |
Source: Ownwell
Property Tax Bills Across Hagarville, Pope County, Arkansas
In Hagarville, 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 $37,200, the property tax bill can vary significantly. The tax bill at the 25th percentile is $317, while at the 75th percentile, it rises to $444, and at the 90th percentile, it reaches $646. These figures indicate that homeowners in Hagarville face varying tax obligations depending on the assessed value of their property. Factors such as property improvements, location, and local tax rates influence the assessed value. Homeowners in Hagarville, located in Pope County, experience property tax rates that are relatively low compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both $366, reflecting a consistent approach to property tax assessments within the zip code 72839. This consistency provides homeowners with a predictable tax environment, aiding in financial planning and stability.
Average Hagarville Tax Bill
$366
Average Pope County Tax Bill
$927
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Hagarville, Pope County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72839 | $69 | $317 | $366 | $444 | $646 |
Source: Ownwell