Widener, Arkansas Property Taxes
The median property tax rate in Widener, AR 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 $28,950 in Widener, the typical annual property tax bill amounts to $197, significantly below the national median of $2,690. Property taxes in Widener are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Widener'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 Widener or another part of St. Francis County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Widener, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$217
$201
Ownwell’s Widener Property Tax Bill Calculator assists any homeowner, real estate investor, or potential owner in estimating their annual property taxes in Widener with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Widener 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 Widener, Arkansas
Property taxes in Widener, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Widener is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Widener set these rates annually, and they can vary significantly across different neighborhoods. Each year, Widener 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 Widener's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72394 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Widener 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 Widener Tax Rate
0.75%
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 Widener, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72394 | 0.43% | 0.64% | 0.75% | 0.80% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Widener, Arkansas
In Widener, 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 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 Widener, 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 Widener helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Widener is $197.00 in zip code 72394, while the lowest median tax bill is also $197.00 in the same zip code.
Average Widener Assessed Value
$28,950
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 Widener, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72394 | $9,885 | $14,150 | $28,950 | $100,200 | $215,675 |
Source: Ownwell
Property Tax Bills Across Widener, Arkansas
Property tax bills in Widener, located in St. Francis County, AR, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Widener is $28,950. Property taxes are then determined by applying the local tax rate to this assessed value. Homeowners in Widener can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $92, while the 75th percentile tax bill rises to $669. At the higher end, the 90th percentile tax bill reaches $1,681. These variations are influenced by factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Widener's property tax bills reflect a more localized assessment tailored to the region's specific property values. This system ensures that homeowners contribute a fair share based on their property's worth, impacting their overall financial planning and housing affordability.
Average Widener Tax Bill
$197
Average St. Francis County Tax Bill
$344
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Widener, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72394 | $62 | $92 | $197 | $669 | $1,681 |
Source: Ownwell