Pottsville, Arkansas Property Taxes
The median property tax rate in Pottsville, AR is 0.99%, aligning with the national median of 0.99% and surpassing the Arkansas state median of 0.84%. With the median home value in Pottsville at $116,600, the typical annual property tax bill is $1,119, which is below the national median of $2,690. Property taxes in Pottsville are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pottsville'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 Pottsville 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
Pottsville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,154
$1,071
Ownwell’s Pottsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pottsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pottsville 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 Pottsville, Arkansas
Property taxes in Pottsville, Arkansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pottsville is 0.34%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Pottsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pottsville 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 Pottsville's effective property tax rate to other counties in Arkansas and the national median. For comparison, 72858 has the highest median property tax rate of 0.99%, while 72851 has the lowest median tax rate of 0.34%. Understanding how these cities compare with Pottsville 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 Pottsville Tax Rate
0.99%
Average Pope County Tax Rate
0.92%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pottsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72858 | 0.78% | 0.91% | 0.99% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Pottsville, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pottsville, 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 Pottsville, 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 Pottsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,119 in the 72858 zip code, which is also the lowest median tax bill, providing a consistent benchmark for property owners.
Average Pottsville Assessed Value
$116,600
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 Pottsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72858 | $20,260 | $59,500 | $116,600 | $148,850 | $197,520 |
Source: Ownwell
Property Tax Bills Across Pottsville, Arkansas
Property tax bills in Pottsville, Pope County, AR, are calculated based on the assessed value of the property, which is a percentage of the market value. Homeowners in Pottsville can expect their tax bills to vary significantly, influenced by factors such as property size, location, and any applicable exemptions. For example, the median home price in Pottsville is $116,600, and the median property tax rate in the region is 0.99%, aligning with the national average. Homeowners in the 25th percentile can expect a tax bill around $641, while those in the 75th percentile may face a bill closer to $1,428. At the 90th percentile, tax bills can reach up to $1,879. These variations highlight the impact of property value assessments on tax obligations. The highest and lowest median tax bills in the area both stand at $1,119 in the 72858 zip code, reflecting the uniformity in tax assessments within that specific region. Understanding these factors helps homeowners anticipate their annual property tax responsibilities.
Average Pottsville Tax Bill
$1,119
Average Pope County Tax Bill
$927
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pottsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72858 | $303 | $641 | $1,119 | $1,428 | $1,879 |
Source: Ownwell