England, Arkansas Property Taxes
The median property tax rate in England, AR is 0.83%, slightly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in England at $74,305, the typical annual property tax bill amounts to $532, which is significantly below the national median of $2,690. Property taxes in England are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding England's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of England or elsewhere in Pulaski County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
England, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s England Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in England with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in England 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 England, Arkansas
Property taxes in England, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in England is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within England set these rates annually, and they can vary significantly across different neighborhoods. Each year, England 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 England's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72046 zip code has the highest median property tax rate of 0.83%, while the 72046 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with England 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 England Tax Rate
0.83%
Average Pulaski County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across England, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72046 | 0.40% | 0.60% | 0.83% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across England, Arkansas
In England, 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 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 England, 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 England helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 72046 has the highest median tax bill of $532 and the lowest median tax bill of $532.
Average England Assessed Value
$74,305
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 England, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72046 | $10,576 | $32,728 | $74,305 | $153,955 | $286,448 |
Source: Ownwell
Property Tax Bills Across England, Arkansas
In England, Pulaski County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. For example, with a median home price of $74,305, the assessed value would be a fraction of this amount. The local tax rate is then applied to the assessed value to determine the actual tax bill. Several factors influence the final tax bill, including the property's size, location, and any applicable exemptions. Homeowners in England can expect varying tax bills, with the 25th percentile paying around $192 and the 75th percentile paying approximately $1,174. At the higher end, the 90th percentile tax bill reaches up to $2,143. Compared to the national median property tax rate of 0.99%, these figures provide a perspective on how property taxes in England, Pulaski County, AR, impact homeowners, highlighting the range of financial responsibilities they may face.
Average England Tax Bill
$532
Average Pulaski County Tax Bill
$1,457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across England, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72046 | $92 | $192 | $532 | $1,174 | $2,143 |
Source: Ownwell