Cecil, Sebastian County, Arkansas Property Taxes
The median property tax rate in Cecil, Arkansas is 1.01%, slightly higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $98,750 in Cecil, the typical annual property tax bill is $856, which is below the national median of $2,690. Property taxes in Cecil are calculated based on the tax assessed value, which usually falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Cecil'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 Cecil 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
Cecil, Sebastian County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$997
$926
Ownwell’s Cecil Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cecil with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cecil 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 Cecil, Sebastian County, Arkansas
Property taxes in Cecil, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cecil is 0.64%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Cecil set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cecil 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 Cecil's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72930 zip code has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Cecil provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cecil Tax Rate
1.01%
Average Sebastian County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cecil, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72930 | 0.52% | 0.83% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Cecil, Sebastian County, Arkansas
In Cecil, 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 local 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 Cecil, 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. For instance, the median home price in Cecil is $98,750, with tax bills ranging from $476 at the 25th percentile to $1,642 at the 90th percentile. The highest median tax bill in the area is $856 in the 72930 zip code. Being aware of these valuation processes in Cecil helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cecil, Sebastian County, Arkansas
Source: Ownwell
$41,350
$117,283
$193,215
Average Cecil Assessed Value
$98,750
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 Cecil, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72930 | $24,790 | $49,950 | $98,750 | $134,700 | $180,020 |
Source: Ownwell
Property Tax Bills Across Cecil, Sebastian County, Arkansas
In Cecil, 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 typically a percentage of the market value. Factors such as the home's size, location, and condition are considered in this assessment. For homeowners in Cecil, the property tax rate is influenced by the county's financial needs and the local government's budget requirements. Homeowners in Cecil can expect a property tax bill that varies significantly. For instance, the 25th percentile tax bill is $476, while the 75th percentile tax bill is $1,083. At the 90th percentile, the tax bill can reach up to $1,642. These figures are compared to the national median property tax rate of 0.99%, highlighting how local rates and home values impact overall tax obligations. Understanding these factors helps homeowners anticipate their annual property tax expenses and budget accordingly.
Average Cecil Tax Bill
$856
Average Sebastian County Tax Bill
$994
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Cecil, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72930 | $210 | $476 | $856 | $1,083 | $1,642 |
Source: Ownwell