Wrightsville, Arkansas Property Taxes
The median property tax rate in Wrightsville, AR is 0.71%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Wrightsville at $21,905, the typical annual property tax bill is around $139, significantly below the national median of $2,690. Property taxes in Wrightsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wrightsville'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 Wrightsville 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
Wrightsville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$156
$144
Ownwell’s Wrightsville Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers in Wrightsville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Wrightsville to provide an accurate estimate of your annual property tax bill. This powerful feature helps you anticipate potential tax liabilities with ease. For those curious about neighborhood-specific trends, further localized information is available just a scroll away. Remember, your property’s assessed value is determined by the county for tax purposes and may include applicable exemptions.
Property Tax Rates Across Wrightsville, Arkansas
Property taxes in Wrightsville, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wrightsville is 0.71%, lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Wrightsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wrightsville 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 Wrightsville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72183 has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Wrightsville 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 Wrightsville Tax Rate
0.71%
Average Pulaski County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wrightsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72183 | 0.24% | 0.54% | 0.71% | 1.02% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Wrightsville, Arkansas
In Wrightsville, 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 Wrightsville, 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 Wrightsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wrightsville are both $139.00, found in the 72183 zip code.
Average Wrightsville Assessed Value
$21,905
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 Wrightsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72183 | $3,884 | $6,698 | $21,905 | $42,655 | $78,686 |
Source: Ownwell
Property Tax Bills Across Wrightsville, Arkansas
In Wrightsville, Pulaski County, AR, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Wrightsville stands at $21,905. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, and consequently, the tax bill. Homeowners in Wrightsville can expect property tax bills that vary significantly. At the 25th percentile, the tax bill is around $44, while at the 75th percentile, it rises to approximately $281. For those at the 90th percentile, tax bills can reach up to $517. These figures show a wide range of tax liabilities, reflecting the diversity in property values and assessments within the area. Compared to the national median property tax rate of 0.99%, Wrightsville's tax rates offer a relatively affordable option for homeowners, but the specific tax burden will depend on individual property assessments.
Average Wrightsville Tax Bill
$139
Average Pulaski County Tax Bill
$1,457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Wrightsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72183 | $17 | $44 | $139 | $281 | $517 |
Source: Ownwell