Everton, Arkansas Property Taxes
The median property tax rate in Everton, AR is 0.73%, 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 $56,550 in Everton, the typical annual property tax bill is $424, significantly below the national median of $2,690. Property taxes in Everton are determined based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Everton’s property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve notable annual savings. Whether residing in Everton or another part of Searcy County, gaining insights into the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Everton, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$413
Ownwell’s Everton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Everton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Everton 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 Everton, Arkansas
Property taxes in Everton, Arkansas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Everton is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Everton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Everton 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 Everton's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72633 zip code has both the highest and lowest median property tax rate of 0.73%. Understanding how these cities compare with Everton 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 Everton Tax Rate
0.73%
Average Searcy County Tax Rate
0.76%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Everton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72633 | 0.54% | 0.64% | 0.73% | 0.84% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Everton, Arkansas
In Everton, 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 Everton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 72633 has the highest and lowest median tax bill at $424.
Average Everton Assessed Value
$56,550
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 Everton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72633 | $7,580 | $22,750 | $56,550 | $105,000 | $164,640 |
Source: Ownwell
Property Tax Bills Across Everton, Arkansas
In Everton, Searcy County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $56,550, the assessed value forms the basis for the tax bill. The local tax rate is then applied to this assessed value to determine the final tax amount. Various factors influence this calculation, including property location, home size, and any applicable exemptions. Homeowners in Everton can expect their tax bills to vary significantly. The 25th percentile tax bill is around $197, while the 75th percentile reaches $807, and the 90th percentile can go up to $1,390. This range illustrates the variability in tax burdens depending on property specifics. Compared to the national median property tax rate of 0.99%, Everton's tax rates offer a perspective on local tax obligations. Understanding these factors helps homeowners anticipate their tax responsibilities and manage their finances accordingly.
Average Everton Tax Bill
$424
Average Searcy County Tax Bill
$434
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Everton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72633 | $116 | $197 | $424 | $807 | $1,390 |
Source: Ownwell