Caldwell, Arkansas Property Taxes
The median property tax rate in Caldwell, AR is 0.76%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Caldwell at $47,700, the typical annual property tax bill amounts to $290, significantly below the national median of $2,690. Property taxes in Caldwell are determined based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Caldwell'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 residing in Caldwell or own property elsewhere in the city, gaining insight into the local property tax structure will prove beneficial.
Last Updated June 14, 2024
Caldwell, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$363
$336
Ownwell's Caldwell Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Caldwell with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Caldwell to provide an estimate of your property tax bill. This valuable tool offers insight into your potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property's assessed value is the value assigned by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Caldwell, Arkansas
Property taxes in Caldwell, Arkansas, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Caldwell is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Caldwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caldwell 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 Caldwell's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72322 has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Caldwell provides valuable insights into the varying tax landscape across St. Francis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caldwell Tax Rate
0.76%
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 Caldwell, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72322 | 0.45% | 0.56% | 0.76% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Caldwell, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Caldwell, Arkansas. 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 St. Francis 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 Caldwell, 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 highest median tax bill in Caldwell is $290 in zip code 72322, while the lowest median tax bill is also $290 in the same 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.
Average Caldwell Assessed Value
$47,700
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 Caldwell, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72322 | $12,440 | $24,000 | $47,700 | $69,588 | $96,385 |
Source: Ownwell
Property Tax Bills Across Caldwell, Arkansas
In Caldwell, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is a percentage of the market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Caldwell can expect a median property tax bill of $290, which is significantly lower than the national median property tax rate of 0.99%. For instance, the 25th percentile tax bill in Caldwell is $138, while the 75th percentile tax bill is $594, and the 90th percentile tax bill reaches $796. These figures illustrate the range of property tax bills that homeowners might encounter, depending on the specific characteristics of their property. Lower tax bills can ease the financial burden on homeowners, making Caldwell an attractive location for those looking to manage their property expenses effectively.
Average Caldwell Tax Bill
$290
Average St. Francis County Tax Bill
$344
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Caldwell, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72322 | $101 | $138 | $290 | $594 | $796 |
Source: Ownwell