Roland, Arkansas Property Taxes
The median property tax rate in Roland, AR is 0.78%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Roland at $217,920, the typical annual property tax bill is $1,529, significantly below the national median of $2,690. Property taxes in Roland are calculated based on the tax assessed value, typically lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Roland'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 Roland 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
Roland, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,700
Ownwell’s Roland Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with an easy way to estimate their annual property taxes in Roland. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Roland to give you a clear picture of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for tax purposes, and it includes any applicable exemptions.
Property Tax Rates Across Roland, Arkansas
Property taxes in Roland, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roland is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Roland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roland 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 Roland's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72135 zip code has the highest median property tax rate of 0.78%, while the 72135 zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Roland 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 Roland Tax Rate
0.78%
Average Pulaski County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roland, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72135 | 0.44% | 0.62% | 0.78% | 1.01% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Roland, Arkansas
In Roland, 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 Roland, 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 Roland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Roland is $217,920, with the highest and lowest median tax bills both being $1,529 in the 72135 zip code.
Average Roland Assessed Value
$217,920
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 Roland, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72135 | $34,676 | $96,666 | $217,920 | $391,728 | $577,902 |
Source: Ownwell
Property Tax Bills Across Roland, Arkansas
In Roland, 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 a percentage of the market value of the property. Several factors influence this valuation, including the property's location, size, and condition. For homeowners in Roland, the median home price is $217,920. The property tax rate in Pulaski County is applied to the assessed value to determine the annual tax bill. Homeowners can expect varying tax bills depending on their property's assessed value. For instance, tax bills in the 25th percentile are around $574, while those in the 75th percentile reach approximately $3,067. At the higher end, the 90th percentile tax bill can be as much as $4,913. Compared to the national median property tax rate of 0.99%, Roland's property tax rates result in a range of tax bills that can significantly impact homeowners' annual expenses.
Average Roland Tax Bill
$1,529
Average Pulaski County Tax Bill
$1,457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Roland, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72135 | $222 | $574 | $1,529 | $3,067 | $4,913 |
Source: Ownwell