Wynne, Arkansas Property Taxes
The median property tax rate in Wynne, AR is 0.72%, 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 Wynne at $56,050, the typical annual property tax bill comes to $336, significantly below the national median of $2,690. Property taxes in Wynne 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 Wynne's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wynne or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wynne, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$404
$374
Ownwell’s Wynne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wynne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wynne 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 Wynne, Arkansas
Property taxes in Wynne, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wynne is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Wynne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wynne 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 Wynne's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72396 has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with Wynne 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 Wynne Tax Rate
0.72%
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 Wynne, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72396 | 0.46% | 0.63% | 0.72% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Wynne, Arkansas
In Wynne, 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. 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 Wynne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wynne, the median home price is $56,050. The 25th percentile tax bill is $164, while the 75th percentile tax bill is $1,141. The highest and lowest median tax bill in the area is $336, both found in the zip code 72396.
Average Wynne Assessed Value
$56,050
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 Wynne, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72396 | $15,700 | $35,175 | $56,050 | $159,925 | $288,580 |
Source: Ownwell
Property Tax Bills Across Wynne, Arkansas
Property tax bills in Wynne, located in St. Francis County, AR, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by county assessors. Homeowners in Wynne can expect their property taxes to vary significantly. For instance, the tax bill at the 25th percentile is $164, while it rises to $1,141 at the 75th percentile, and reaches $2,112 at the 90th percentile. The median home price in Wynne is $56,050, which influences the assessed value and, consequently, the property tax bill. Compared to the national median property tax rate of 0.99%, Wynne's property tax rates are relatively modest. The highest and lowest median tax bills in the city are both $336, indicating some consistency in tax assessments within specific areas. These property taxes contribute to local services and infrastructure, directly impacting homeowners by funding schools, emergency services, and public projects.
Average Wynne Tax Bill
$336
Average St. Francis County Tax Bill
$344
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Wynne, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72396 | $124 | $164 | $336 | $1,141 | $2,112 |
Source: Ownwell