Alco, Stone County, Arkansas Property Taxes
The median property tax rate in ALCO, Arkansas is 0.60%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in ALCO, the typical annual property tax bill is $387, well below the national median of $2,690. Property taxes in ALCO are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding ALCO’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 ALCO 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
Alco, Stone County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$403
$374
Ownwell’s ALCO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ALCO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ALCO 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 Alco, Stone County, Arkansas
Property taxes in ALCO, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ALCO is 0.60%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within ALCO set these rates annually, and they can vary significantly across different neighborhoods. Each year, ALCO 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 ALCO's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72680 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these regions compare with ALCO provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alco Tax Rate
0.60%
Average Stone County Tax Rate
0.71%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alco, Stone County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72680 | 0.44% | 0.51% | 0.60% | 0.67% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Alco, Stone County, Arkansas
In ALCO, 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 Stone County Assessor 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 ALCO, 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 ALCO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $387 in the 72680 zip code, while the lowest is also $387 in the same zip code.
Property Tax Assessment Values Across Alco, Stone County, Arkansas
Source: Ownwell
$51,700
$74,588
$97,475
Average Alco Assessed Value
$67,225
Average Stone County Assessed Value
$77,600
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alco, Stone County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72680 | $12,495 | $38,238 | $67,225 | $114,150 | $146,375 |
Source: Ownwell
Property Tax Bills Across Alco, Stone County, Arkansas
In ALCO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in ALCO is $67,225. Property tax rates in this area are influenced by various factors, including local government budgets and public service needs. For homeowners, this means that their annual tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $205, while at the 75th percentile, it rises to $661. At the 90th percentile, homeowners might pay up to $922. The highest median tax bill in the region is $387, found in the 72680 zip code. These tax rates are relatively low compared to the national median property tax rate of 0.99%, making ALCO an appealing area for homeowners. Understanding these factors can help residents better anticipate their annual property tax obligations and plan their finances accordingly.
Average Alco Tax Bill
$387
Average Stone County Tax Bill
$507
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Alco, Stone County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72680 | $86 | $205 | $387 | $661 | $922 |
Source: Ownwell