Marcella, Arkansas Property Taxes
The median property tax rate in Marcella, AR is 0.72%, 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 $73,000 in Marcella, the typical annual property tax bill amounts to $459, significantly below the national median of $2,690. Property taxes in Marcella are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Marcella'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 Marcella 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
Marcella, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$526
$488
Ownwell’s Marcella Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marcella with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marcella 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 Marcella, Arkansas
Property taxes in Marcella, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marcella is 0.72%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Marcella set these rates annually, and they can vary across different neighborhoods. Each year, Marcella 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 Marcella's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72555 has both the highest and lowest median property tax rate of 0.72% within the county. Understanding how these areas compare with Marcella 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 Marcella Tax Rate
0.72%
Average Stone County Tax Rate
0.71%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marcella, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72555 | 0.48% | 0.61% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Marcella, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marcella, 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 the county's 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 Marcella, 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. For example, the median home price in Marcella is $73,000, with tax bills ranging from $201 at the 25th percentile to $1,262 at the 90th percentile. The zip code 72555 has the highest and lowest median tax bill at $459. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marcella Assessed Value
$73,000
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 Marcella, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72555 | $13,750 | $28,050 | $73,000 | $121,238 | $187,875 |
Source: Ownwell
Property Tax Bills Across Marcella, Arkansas
In Marcella, Stone County, AR, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is a percentage of the property's market value, and the local tax rate is then applied to this assessed value to calculate the tax bill. The median home price in Marcella is $73,000, which provides a basis for these calculations. Property tax bills can vary significantly. For example, the 25th percentile tax bill is $201, while the 75th percentile tax bill is $799, and the 90th percentile tax bill reaches $1,262. These variations are influenced by factors such as property size, improvements, and local tax rates. Homeowners in Marcella should be aware that their property tax bill may differ based on these factors. With the highest median tax bill in the region being $459, homeowners can compare their own bills to this benchmark to understand their tax obligations better. This calculation method ensures that property taxes are distributed equitably based on property values.
Average Marcella Tax Bill
$459
Average Stone County Tax Bill
$507
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Marcella, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72555 | $99 | $201 | $459 | $799 | $1,262 |
Source: Ownwell