Dennard, Arkansas Property Taxes
The median property tax rate in Dennard, AR is 0.95%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $70,950, the typical annual property tax bill in Dennard amounts to $675, significantly lower than the national median of $2,690. Property taxes in Dennard 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 properties. Understanding Dennard'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 Dennard or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dennard, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$674
$625
Ownwell’s Dennard Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dennard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dennard to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Dennard, Arkansas
Property taxes in Dennard, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dennard is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Dennard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dennard 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 Dennard's effective property tax rate to other regions in Arkansas and the national median. For comparison, the 72629 zip code has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these areas compare with Dennard provides valuable insights into the varying tax landscape across Searcy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dennard Tax Rate
0.95%
Average Searcy County Tax Rate
0.76%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dennard, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72629 | 0.74% | 0.80% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Dennard, Arkansas
In Dennard, 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 Searcy 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. 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 Dennard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 72629 at $675.00, which is also the lowest median tax bill in the area.
Average Dennard Assessed Value
$70,950
Average Searcy County Assessed Value
$53,950
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dennard, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72629 | $6,350 | $24,825 | $70,950 | $103,775 | $112,960 |
Source: Ownwell
Property Tax Bills Across Dennard, Arkansas
In Dennard, located in Searcy County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Dennard is $70,950. The local tax rate is applied to this assessed value to determine the tax bill. Factors influencing the tax bill include property size, location, and any applicable exemptions or deductions. Homeowners in Dennard experience a range of tax bills. The 25th percentile tax bill is $176, while the 75th percentile reaches $908. For those at the higher end, the 90th percentile tax bill can go up to $1,074. Comparatively, the national median property tax rate is 0.99%, making Dennard's property taxes relatively affordable. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly. The highest and lowest median tax bills in the area are both at $675, indicating a relatively consistent tax structure across the region.
Average Dennard Tax Bill
$675
Average Searcy County Tax Bill
$434
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Dennard, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72629 | $58 | $176 | $675 | $908 | $1,074 |
Source: Ownwell