Leslie, Arkansas Property Taxes
The median property tax rate in Leslie, AR is 0.68%, notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $64,150 in Leslie, the typical annual property tax bill amounts to $395, which is significantly less than the national median of $2,690. Property taxes in Leslie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Leslie'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 Leslie or another part of Stone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leslie, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$436
$405
Ownwell’s Leslie Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Leslie with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Leslie to provide an accurate estimate of your property tax bill. This valuable tool allows you to understand potential tax liabilities easily. For those interested in neighborhood-specific trends, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Leslie, Arkansas
Property taxes in Leslie, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leslie is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Leslie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leslie 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 Leslie's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72645 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Leslie 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 Leslie Tax Rate
0.68%
Average Stone County Tax Rate
0.71%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leslie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72645 | 0.51% | 0.60% | 0.68% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Leslie, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Leslie, Arkansas. The market value represents 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 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 Leslie, 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 Leslie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $395.00 in the 72645 zip code.
Average Leslie Assessed Value
$64,150
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 Leslie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72645 | $12,175 | $33,025 | $64,150 | $88,612 | $129,380 |
Source: Ownwell
Property Tax Bills Across Leslie, Arkansas
In Leslie, located in Stone County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For instance, with a median home price of $64,150, homeowners can expect varying tax bills depending on the assessed value and applicable exemptions. Factors considered in determining the tax bill include the market value of the property, local tax rates, and any applicable exemptions or deductions. For example, tax bills in Leslie range from the 25th percentile at $233 to the 75th percentile at $574, with the 90th percentile reaching up to $808. These property taxes significantly impact homeowners by contributing to local government revenue, which funds public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Leslie's property tax rates offer a relatively affordable option for homeowners.
Average Leslie Tax Bill
$395
Average Stone County Tax Bill
$507
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Leslie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72645 | $100 | $233 | $395 | $574 | $808 |
Source: Ownwell