De Queen, Sevier County, Arkansas Property Taxes
The median property tax rate in DE QUEEN, AR is 0.60%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in DE QUEEN at $64,500, the typical annual property tax bill is $377, well below the national median of $2,690. Property taxes in DE QUEEN are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding DE QUEEN's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of DE QUEEN or another part of Sevier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Queen, Sevier County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$387
$359
Ownwell’s De Queen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Queen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Queen 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 De Queen, Sevier County, Arkansas
Property taxes in De Queen, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Queen is 0.60%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within De Queen set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Queen 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 De Queen's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71832 zip code has the highest median property tax rate of 0.60%, while the 71832 zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with De Queen provides valuable insights into the varying tax landscape across Sevier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Queen Tax Rate
0.60%
Average Sevier County Tax Rate
0.66%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Queen, Sevier County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71832 | 0.16% | 0.35% | 0.60% | 0.89% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across De Queen, Sevier County, Arkansas
In De Queen, 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 Sevier 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 De Queen, 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 De Queen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in De Queen is $377 in the 71832 zip code, while the lowest is also $377 in the same zip code.
Property Tax Assessment Values Across De Queen, Sevier County, Arkansas
Source: Ownwell
$39,150
$51,825
$64,500
Average De Queen Assessed Value
$64,500
Average Sevier County Assessed Value
$59,025
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Queen, Sevier County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71832 | $10,450 | $32,350 | $64,500 | $112,400 | $166,830 |
Source: Ownwell
Property Tax Bills Across De Queen, Sevier County, Arkansas
In DE QUEEN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Sevier County, where DE QUEEN is located, have their properties assessed periodically to determine this value. The assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the home's size, location, and condition. For example, a median home priced at $64,500 in DE QUEEN can expect a tax bill ranging from $154 at the 25th percentile to $1,131 at the 90th percentile. The median tax bill in the area is $377, which is significantly lower than the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in DE QUEEN, positively impacting household budgets and potentially attracting new residents looking for cost-effective living options.
Average De Queen Tax Bill
$377
Average Sevier County Tax Bill
$344
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across De Queen, Sevier County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71832 | $47 | $154 | $377 | $677 | $1,131 |
Source: Ownwell