Barling, Sebastian County, Arkansas Property Taxes
The median property tax rate in Barling, AR is 1.00%, slightly higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Barling at $95,800, the typical annual property tax bill reaches $887, which is below the national median of $2,690. Property taxes in Barling are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Barling'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 Barling 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
Barling, Sebastian County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$958
$889
Ownwell’s Barling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barling 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 Barling, Sebastian County, Arkansas
Property taxes in Barling, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barling is 0.61%, which is lower than both the Arkansas state median of 0.63% and the U.S. national median of 0.99%. Local government entities within Barling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barling 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 Barling's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72923 has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Barling provides valuable insights into the varying tax landscape across Sebastian County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barling Tax Rate
1.00%
Average Sebastian County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barling, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72923 | 0.71% | 0.96% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Barling, Sebastian County, Arkansas
In Barling, 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 Sebastian 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 Barling, 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. The median home price in Barling stands at $95,800, with tax bills ranging from $694 at the 25th percentile to $1,533 at the 90th percentile. The highest and lowest median tax bills are both $887, found in the 72923 zip code. 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 Barling helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Barling, Sebastian County, Arkansas
Source: Ownwell
$41,350
$117,283
$193,215
Average Barling Assessed Value
$95,800
Average Sebastian County Assessed Value
$104,400
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barling, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72923 | $42,360 | $74,600 | $95,800 | $126,050 | $155,810 |
Source: Ownwell
Property Tax Bills Across Barling, Sebastian County, Arkansas
In Barling, located in Sebastian County, AR, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. For homeowners in Barling, the median home price is $95,800. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the final tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. In Barling, property tax bills can vary significantly. For example, at the 25th percentile, homeowners might pay around $694, while those at the 75th percentile could see bills as high as $1,224. At the 90th percentile, the tax bill can reach up to $1,533. These variations highlight how different factors such as property value and local tax rates impact homeowners. Compared to the national median property tax rate of 0.99%, Barling's property tax rates provide a relatively affordable option for homeowners, contributing to the area's appeal.
Average Barling Tax Bill
$887
Average Sebastian County Tax Bill
$994
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Barling, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72923 | $395 | $694 | $887 | $1,224 | $1,533 |
Source: Ownwell