Leslie, Arkansas Property Taxes
The median property tax rate in Leslie, AR is 0.78%, 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 $49,350 in Leslie, the typical annual property tax bill amounts to $410, significantly less than the national median of $2,690. Property taxes in Leslie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Leslie'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 Leslie 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
Leslie, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Leslie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leslie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leslie 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 Leslie, Arkansas
Property taxes in Leslie, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leslie is 0.78%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Leslie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leslie 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 Leslie's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72645 zip code has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with Leslie 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 Leslie Tax Rate
0.78%
Average Searcy County Tax Rate
0.76%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leslie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72645 | 0.60% | 0.70% | 0.78% | 0.91% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Leslie, Arkansas
In Leslie, 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. In Leslie, 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 Leslie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Leslie are both $410.00, found in zip code 72645.
Average Leslie Assessed Value
$49,350
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 Leslie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72645 | $8,790 | $28,050 | $49,350 | $82,450 | $137,020 |
Source: Ownwell
Property Tax Bills Across Leslie, Arkansas
In Leslie, Arkansas, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $49,350, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill stands at $234, while the 75th percentile reaches $671. The highest median tax bill recorded in the area is $410, indicating a relatively modest tax burden compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or abatements. This variability can affect homeowners differently, depending on the specific characteristics and valuation of their property. Understanding these components helps homeowners in Leslie anticipate their tax obligations and plan their finances accordingly, ensuring they are prepared for their annual property tax bills.
Average Leslie Tax Bill
$410
Average Searcy County Tax Bill
$434
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Leslie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72645 | $129 | $234 | $410 | $671 | $1,070 |
Source: Ownwell