De Valls Bluff, Arkansas Property Taxes
The median property tax rate in De Valls Bluff, AR is 0.88%, 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 $41,725 in De Valls Bluff, the typical annual property tax bill is $270, which is significantly below the national median of $2,690. Property taxes in De Valls Bluff are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding De Valls Bluff'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 De Valls Bluff or another part of Prairie County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Valls Bluff, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$367
$341
Ownwell’s De Valls Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Valls Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Valls Bluff 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 De Valls Bluff, Arkansas
Property taxes in De Valls Bluff, Arkansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in De Valls Bluff is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within De Valls Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Valls Bluff 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 De Valls Bluff's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72041 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with De Valls Bluff provides valuable insights into the varying tax landscape across Prairie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Valls Bluff Tax Rate
0.88%
Average Prairie County Tax Rate
0.88%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Valls Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72041 | 0.15% | 0.43% | 0.88% | 0.88% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across De Valls Bluff, Arkansas
In De Valls Bluff, 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 Prairie 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 De Valls Bluff, 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. The median home price in De Valls Bluff is $41,725, with tax bills ranging from $111 at the 25th percentile to $1,033 at the 90th percentile. The highest and lowest median tax bills are both $270 in the 72041 zip code. 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 De Valls Bluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average De Valls Bluff Assessed Value
$41,725
Average Prairie County Assessed Value
$51,500
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Valls Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72041 | $8,405 | $21,238 | $41,725 | $77,025 | $136,600 |
Source: Ownwell
Property Tax Bills Across De Valls Bluff, Arkansas
In De Valls Bluff, Prairie County, AR, property tax bills are calculated based on the assessed value of a property, which is determined by local authorities. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $41,725, homeowners can expect their tax bills to vary significantly. Factors such as property size, location, and any improvements made to the property are considered when determining the assessed value. The tax bill can range widely, with the 25th percentile at $111, the 75th percentile at $526, and the 90th percentile reaching up to $1,033. This variability means that some homeowners may face higher tax bills depending on their property's assessed value and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the property tax rate in De Valls Bluff offers a relatively affordable option for homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly.
Average De Valls Bluff Tax Bill
$270
Average Prairie County Tax Bill
$335
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across De Valls Bluff, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72041 | $36 | $111 | $270 | $526 | $1,033 |
Source: Ownwell