Roe, Arkansas Property Taxes
The median property tax rate in Roe, Arkansas is 0.54%, considerably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Roe, the typical annual property tax bill reaches $857, well below the national median of $2,690. Property taxes in Roe are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roe'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 Roe 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
Roe, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$526
$488
Ownwell’s ROE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROE 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 Roe, Arkansas
Property taxes in ROE, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ROE is 0.54%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within ROE set these rates annually, and they can vary significantly across different neighborhoods. Each year, ROE 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 ROE's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72134 zip code has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with ROE 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 Roe Tax Rate
0.54%
Average Prairie County Tax Rate
0.88%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72134 | 0.45% | 0.48% | 0.54% | 0.60% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Roe, Arkansas
In ROE, 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 ROE, 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 ROE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in ROE is $97,450, with tax bills ranging from $635 at the 25th percentile to $1,212 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 72134, at $857.
Average Roe Assessed Value
$97,450
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 Roe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72134 | $48,970 | $67,150 | $97,450 | $147,175 | $177,010 |
Source: Ownwell
Property Tax Bills Across Roe, Arkansas
In ROE, located in Prairie County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value typically represents a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. For homeowners in ROE, the median home price is $97,450. Property tax bills can vary significantly, with the 25th percentile paying around $635 annually, while those in the 75th percentile see bills closer to $1,079. At the 90th percentile, tax bills can reach up to $1,212. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, the tax rates in ROE may present a more affordable option for homeowners, making it an attractive location for those looking to manage their housing expenses effectively.
Average Roe Tax Bill
$857
Average Prairie County Tax Bill
$335
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Roe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72134 | $501 | $635 | $857 | $1,079 | $1,212 |
Source: Ownwell