Bluffton, Scott County, Arkansas Property Taxes
The median property tax rate in Bluffton, Arkansas is 0.77%, 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 Bluffton at $59,775, the typical annual property tax bill is $472, significantly below the national median of $2,690. Property taxes in Bluffton 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 Bluffton'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 Bluffton 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
Bluffton, Scott County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$460
$427
Ownwell’s Bluffton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bluffton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bluffton to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bluffton, Scott County, Arkansas
Property taxes in Bluffton, Arkansas, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluffton is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Bluffton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluffton 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 Bluffton's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72827 has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Bluffton provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluffton Tax Rate
0.77%
Average Scott County Tax Rate
0.77%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluffton, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72827 | 0.69% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Bluffton, Scott County, Arkansas
In Bluffton, 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 Scott 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 Bluffton, 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. Bluffton's median home price is $59,775, with tax bills ranging from $257 at the 25th percentile to $1,129 at the 90th percentile. The zip code 72827 has the highest and lowest median tax bill at $472. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bluffton, Scott County, Arkansas
Source: Ownwell
$31,450
$45,613
$59,775
Average Bluffton Assessed Value
$59,775
Average Scott County Assessed Value
$49,950
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bluffton, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72827 | $5,795 | $36,575 | $59,775 | $89,625 | $124,655 |
Source: Ownwell
Property Tax Bills Across Bluffton, Scott County, Arkansas
In Bluffton, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. This assessed value is a percentage of the property's market value. For example, if the median home price in Bluffton is $59,775, the assessed value would be a fraction of this amount. The property tax rate is then applied to this assessed value to determine the annual tax bill. Factors that influence the tax bill include the property's location, size, and any applicable exemptions. In Bluffton, property tax bills can range significantly. At the 25th percentile, homeowners might pay around $257 annually, while those at the 75th percentile could see bills as high as $728. The 90th percentile tax bill reaches $1,129. This variation highlights the importance of the assessed value and the tax rate in determining the final amount owed. Compared to the national median property tax rate of 0.99%, Bluffton's property taxes can be relatively affordable, providing some relief for homeowners.
Average Bluffton Tax Bill
$472
Average Scott County Tax Bill
$385
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluffton, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72827 | $157 | $257 | $472 | $728 | $1,129 |
Source: Ownwell