Heth, Arkansas Property Taxes
The median property tax rate in Heth, AR is 0.71%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Heth at $53,775, the typical annual property tax bill is $387, significantly below the national median of $2,690. Property taxes in Heth are calculated based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Heth'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 Heth or another part of St. Francis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Heth, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$382
$354
Ownwell’s HETH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HETH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HETH 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 Heth, Arkansas
Property taxes in HETH, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in HETH is 0.71%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within HETH set these rates annually, and they can vary significantly across different neighborhoods. Each year, HETH 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 HETH's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72346 zip code has the highest median property tax rate of 0.71%, while the same 72346 zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with HETH 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 Heth Tax Rate
0.71%
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 Heth, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72346 | 0.45% | 0.54% | 0.71% | 0.84% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Heth, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in HETH, 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 local appraisal authorities 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 HETH, 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 HETH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 72346 has the highest and lowest median tax bill, both at $387.
Average Heth Assessed Value
$53,775
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 Heth, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72346 | $13,615 | $28,038 | $53,775 | $96,538 | $183,700 |
Source: Ownwell
Property Tax Bills Across Heth, Arkansas
Property tax bills in HETH, located in St. Francis County, AR, are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $53,775 in HETH, homeowners can anticipate their property tax bill to vary significantly. The tax bill for the 25th percentile is around $156, while those in the 75th percentile pay about $701. At the 90th percentile, the tax bill can reach up to $1,345. The highest and lowest median tax bills in the area are both $387, indicating a relatively stable tax environment within the zip code 72346. These factors can significantly impact homeowners, as higher property taxes can increase the overall cost of homeownership. Understanding these elements helps homeowners in HETH better anticipate their annual expenses and plan accordingly.
Average Heth Tax Bill
$387
Average St. Francis County Tax Bill
$344
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Heth, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72346 | $61 | $156 | $387 | $701 | $1,345 |
Source: Ownwell