Perryville, Arkansas Property Taxes
The median property tax rate in Perryville, AR is 0.86%, slightly higher than the state median of 0.84% but below the national median of 0.99%. With a median home value in Perryville, the typical annual property tax bill is $719, significantly lower than the national median of $2,690. Property taxes in Perryville are determined based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Perryville'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 Perryville or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perryville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$974
$903
Ownwell’s Perryville Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Perryville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate for Perryville to provide an accurate estimate of your property tax bill. This easy-to-use tool helps you understand your potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, including neighborhood-level trends, additional localized information is available as you scroll down. Your property’s assessed value, assigned by the county for tax calculations, will reflect any applicable exemptions, ensuring a precise estimate.
Property Tax Rates Across Perryville, Arkansas
Property taxes in Perryville, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perryville is 0.52%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Perryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perryville 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 Perryville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the highest median property tax rate in the region is 0.66% in zip code 72126, while the lowest median tax rate is also 0.66% in the same zip code. Understanding how these cities compare with Perryville provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perryville Tax Rate
0.86%
Average Pulaski County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perryville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72126 | 0.55% | 0.65% | 0.86% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Perryville, Arkansas
In Perryville, 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 local 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 Perryville, 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 Perryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Perryville is $719 in zip code 72126, while the lowest median tax bill is also $719 in the same zip code.
Average Perryville Assessed Value
$113,212
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 Perryville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72126 | $17,568 | $40,914 | $113,212 | $161,470 | $321,152 |
Source: Ownwell
Property Tax Bills Across Perryville, Arkansas
In Perryville, Pulaski County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the home's market value. Homeowners in Perryville experience a range of property tax bills, with the 25th percentile at $375 and the 75th percentile at $1,121. This variation is influenced by factors such as property size, location, and improvements made to the home. The highest median tax bill in the area is $719, which is also the lowest, indicating a consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Perryville's rates are relatively modest. For homeowners, this means that while property taxes are a necessary expense, they are not as burdensome as in other parts of the country. Understanding these factors can help homeowners better anticipate their annual tax obligations and manage their finances accordingly.
Average Perryville Tax Bill
$719
Average Pulaski County Tax Bill
$1,457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Perryville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72126 | $169 | $375 | $719 | $1,121 | $3,090 |
Source: Ownwell