College Station, Arkansas Property Taxes
The median property tax rate in College Station, Arkansas is 1.02%, slightly higher than the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in College Station, the typical annual property tax bill reaches $201, which is significantly lower than the national median of $2,690. Property taxes in College Station 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 College Station'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 College Station 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
College Station, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$208
Ownwell’s College Station Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in College Station with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in College Station 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 College Station, Arkansas
Property taxes in College Station, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in College Station is 0.61%, significantly lower than the U.S. national median of 0.99%. Local government entities within College Station set these rates annually, and they can vary significantly across different neighborhoods. Each year, College Station 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 College Station's effective property tax rate to other counties in Arkansas and the national median. For comparison, the ZIP code 72103 has the highest median property tax rate of 0.61%, while the lowest median tax rate is also 0.61% in the same ZIP code. Understanding how these cities compare with College Station provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average College Station Tax Rate
1.02%
Average Pulaski County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across College Station, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72053 | 0.56% | 0.74% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across College Station, Arkansas
In College Station, 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 Pulaski County Assessor 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 College Station, 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. For instance, the highest median tax bill in the area is $201.00, found in zip code 72053, while the lowest median tax bill is also $201.00 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across College Station, Arkansas
Source: Ownwell
$6,305
$348,438
$690,570
Average College Station Assessed Value
$20,380
Average Pulaski County Assessed Value
$148,242
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across College Station, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72053 | $2,338 | $5,725 | $20,380 | $41,360 | $62,371 |
Source: Ownwell
Property Tax Bills Across College Station, Arkansas
In College Station, located in Pulaski County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in the area is $20,380. Homeowners can expect their tax bills to vary significantly, with the 25th percentile paying around $41, while those in the 75th percentile pay approximately $348. At the higher end, the 90th percentile sees tax bills near $508. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Pulaski County's property tax rates can be considered relatively modest. Homeowners in College Station benefit from these lower rates, which can make homeownership more affordable and less financially burdensome. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average College Station Tax Bill
$201
Average Pulaski County Tax Bill
$1,457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across College Station, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72053 | $23 | $41 | $201 | $348 | $508 |
Source: Ownwell