Charleston, Sebastian County, Arkansas Property Taxes
The median property tax rate in Charleston, AR is 0.90%, slightly below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $106,700 in Charleston, the typical annual property tax bill amounts to $844, which is significantly lower than the national median of $2,690. Property taxes in Charleston are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural lands. By understanding Charleston's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Charleston or another part of the city, familiarizing yourself with the local property tax system is key to maximizing your financial benefits.
Last Updated June 14, 2024
Charleston, Sebastian County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$960
$891
Ownwell's Charleston Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Charleston. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Charleston to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Charleston, Sebastian County, Arkansas
Property taxes in Charleston, Arkansas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Charleston is 0.47%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Charleston set these rates annually, and they can vary across different neighborhoods. Each year, Charleston 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 Charleston's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72933 zip code has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Charleston 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 Charleston Tax Rate
0.90%
Average Sebastian County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Charleston, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72933 | 0.57% | 0.75% | 0.90% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Charleston, Sebastian County, Arkansas
In Charleston, 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 Charleston, 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. For instance, the median home price in Charleston is $106,700, with tax bills ranging from $416 at the 25th percentile to $2,112 at the 90th percentile. The highest and lowest median tax bills, both at $844, can be found in the 72933 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Charleston, Sebastian County, Arkansas
Source: Ownwell
$41,350
$117,283
$193,215
Average Charleston Assessed Value
$106,700
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 Charleston, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72933 | $29,270 | $55,250 | $106,700 | $170,700 | $250,820 |
Source: Ownwell
Property Tax Bills Across Charleston, Sebastian County, Arkansas
In Charleston, AR, property tax bills are calculated based on the assessed value of your home, which is determined by the Sebastian County Assessor's Office. The assessed value is typically a percentage of the market value. For homeowners in Charleston, the median home price is $106,700. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence your property tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile of tax bills is $416, while the 75th percentile reaches $1,448. In some cases, tax bills can go as high as $2,112, which is at the 90th percentile. Comparatively, Charleston's property tax rates are relatively moderate, with the highest median tax bill in the region being $844. This is lower than the national median property tax rate of 0.99%, providing a significant advantage for homeowners in this area. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Charleston Tax Bill
$844
Average Sebastian County Tax Bill
$994
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Charleston, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72933 | $224 | $416 | $844 | $1,448 | $2,112 |
Source: Ownwell