Biggers, Arkansas Property Taxes
The median property tax rate in Biggers, AR is 0.75%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $42,575 in Biggers, the typical annual property tax bill is $269, significantly below the national median of $2,690. Property taxes in Biggers are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural land. By understanding Biggers' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Biggers or another part of Randolph County, a thorough grasp of the local property tax system will be beneficial.
Last Updated June 14, 2024
Biggers, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$319
Ownwell’s Biggers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Biggers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Biggers 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 Biggers, Arkansas
Property taxes in Biggers, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Biggers is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Biggers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Biggers 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 Biggers's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72413 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Biggers provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Biggers Tax Rate
0.75%
Average Randolph County Tax Rate
0.59%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Biggers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72413 | 0.12% | 0.35% | 0.75% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Biggers, Arkansas
In Biggers, 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 Randolph 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 Biggers, 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 Biggers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $269.00, found in zip code 72413.
Average Biggers Assessed Value
$42,575
Average Randolph County Assessed Value
$65,900
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Biggers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72413 | $17,855 | $28,062 | $42,575 | $62,450 | $95,605 |
Source: Ownwell
Property Tax Bills Across Biggers, Arkansas
In Biggers, located in Randolph County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Biggers is $42,575. Property tax rates in this region are generally lower compared to the national median property tax rate of 0.99%. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. For instance, the tax bill at the 25th percentile is $132, while at the 75th percentile, it rises to $412. At the 90th percentile, homeowners might see tax bills as high as $645. These variations in tax bills can significantly impact homeowners, especially those on fixed incomes, as they need to budget for these yearly expenses. Understanding these factors can help homeowners anticipate and manage their property tax obligations effectively.
Average Biggers Tax Bill
$269
Average Randolph County Tax Bill
$338
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Biggers, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72413 | $53 | $132 | $269 | $412 | $645 |
Source: Ownwell