St. Francis County Property Taxes
The median property tax rate in St. Francis County is 0.75%, 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 $48,600, the typical annual property tax bill in St. Francis County is $344, significantly below the national median of $2,690. Property taxes in this county are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding the specific property tax system in St. Francis County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Forrest City or another part of St. Francis County, gaining a comprehensive understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
St. Francis County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$365
$338
Ownwell’s St. Francis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in St. Francis with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in St. Francis to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across St. Francis County, Arkansas
Property taxes in St. Francis County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in St. Francis County is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within St. Francis County set these rates annually, and they can vary significantly between different areas within the county. Each year, St. Francis County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares St. Francis County's effective property tax rate with other regions and the national median. For comparison, the city of Wheatley has one of the higher property tax rates in Arkansas at 0.98%, while the city of Madison boasts one of the lowest at 0.71%. Analyzing how St. Francis County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average St. Francis County Tax Rate
0.75%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across St. Francis County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brinkley | 0.69% | 0.88% | 0.88% | 0.88% | 0.89% |
| Caldwell | 0.45% | 0.56% | 0.76% | 0.85% | 0.85% |
| Colt | 0.43% | 0.56% | 0.73% | 0.80% | 0.80% |
| Forrest City | 0.56% | 0.67% | 0.74% | 0.80% | 0.93% |
| Goodwin | 0.56% | 0.82% | 0.88% | 0.88% | 0.88% |
| Heth | 0.45% | 0.54% | 0.71% | 0.84% | 0.87% |
| Hughes | 0.52% | 0.76% | 0.91% | 0.91% | 0.91% |
| Madison | 0.50% | 0.64% | 0.71% | 0.78% | 0.87% |
| Palestine | 0.52% | 0.65% | 0.81% | 0.88% | 0.88% |
| Proctor | 0.47% | 0.55% | 0.75% | 0.82% | 0.86% |
| Wheatley | 0.63% | 0.88% | 0.98% | 0.98% | 0.98% |
| Widener | 0.43% | 0.64% | 0.75% | 0.80% | 0.87% |
| Wynne | 0.46% | 0.63% | 0.72% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across St. Francis County, Arkansas
In St. Francis County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the St. Francis County Appraisal District. The assessed value, however, 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. Assessment notices in St. Francis County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in St. Francis County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, the highest median tax bill in the county is $494 in Palestine, while the lowest is $134 in Madison.
Property Tax Assessment Values Across St. Francis County, Arkansas
Source: Ownwell
$19,950
$42,963
$65,975
Average St. Francis County Assessed Value
$48,600
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across St. Francis County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brinkley | $25,870 | $33,550 | $45,600 | $66,400 | $83,320 |
| Caldwell | $12,440 | $24,000 | $47,700 | $69,588 | $96,385 |
| Colt | $17,400 | $32,750 | $61,900 | $103,725 | $163,010 |
| Forrest City | $11,800 | $24,400 | $46,750 | $88,800 | $142,900 |
| Goodwin | $18,830 | $31,400 | $41,400 | $46,625 | $55,820 |
| Heth | $13,615 | $28,038 | $53,775 | $96,538 | $183,700 |
| Hughes | $15,500 | $24,950 | $45,150 | $73,438 | $112,270 |
| Madison | $10,990 | $14,900 | $19,950 | $27,100 | $40,960 |
| Palestine | $14,820 | $38,450 | $65,975 | $102,900 | $150,740 |
| Proctor | $9,700 | $13,300 | $21,500 | $45,225 | $73,125 |
| Wheatley | $13,690 | $28,438 | $45,725 | $101,400 | $146,505 |
| Widener | $9,885 | $14,150 | $28,950 | $100,200 | $215,675 |
| Wynne | $15,700 | $35,175 | $56,050 | $159,925 | $288,580 |
Source: Ownwell
Property Tax Bills Across St. Francis County, Arkansas
In St. Francis County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Tax rates are applied to this assessed value to determine the annual tax bill. For example, with a median home price of $48,600, homeowners can expect varying tax bills depending on their property's assessed value and applicable tax rates. The tax bill for the 25th percentile is $168, while the 75th percentile sees a tax bill of $676. At the 90th percentile, the tax bill can reach up to $1,115. These figures indicate significant variability in property tax burdens across the county. Cities within the county also show a range of median tax bills, with Palestine having the highest at $494 and Madison the lowest at $134. This variability affects homeowners differently, with some paying much higher taxes than others depending on their property's assessed value and location. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average St. Francis County Tax Bill
$344
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across St. Francis County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brinkley | $155 | $217 | $401 | $584 | $733 |
| Caldwell | $101 | $138 | $290 | $594 | $796 |
| Colt | $88 | $202 | $414 | $717 | $1,146 |
| Forrest City | $84 | $168 | $325 | $664 | $1,085 |
| Goodwin | $127 | $199 | $338 | $410 | $477 |
| Heth | $61 | $156 | $387 | $701 | $1,345 |
| Hughes | $86 | $185 | $375 | $609 | $929 |
| Madison | $67 | $103 | $134 | $186 | $274 |
| Palestine | $114 | $262 | $494 | $793 | $1,188 |
| Proctor | $52 | $99 | $158 | $302 | $481 |
| Wheatley | $113 | $268 | $434 | $870 | $1,381 |
| Widener | $62 | $92 | $197 | $669 | $1,681 |
| Wynne | $124 | $164 | $336 | $1,141 | $2,112 |
Source: Ownwell