Mountain View, Arkansas Property Taxes
The median property tax rate in Mountain View, AR is 0.72%, notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $84,800, the typical annual property tax bill in Mountain View reaches $563, significantly less than the national median of $2,690. Property taxes in Mountain View are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mountain View'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 Mountain View or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mountain View, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$611
$567
Ownwell’s Mountain View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountain View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain View 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 Mountain View, Arkansas
Property taxes in Mountain View, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain View is 0.72%, higher than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Mountain View set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain View 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 Mountain View'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 0.72%, while the 72650 zip code has the lowest median tax rate of 0.68%. Understanding how these cities compare with Mountain View 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 Mountain View 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 Mountain View, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72031 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| 72051 | 0.69% | 0.70% | 0.71% | 0.72% | 0.72% |
| 72533 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| 72560 | 0.49% | 0.61% | 0.72% | 0.72% | 0.76% |
| 72645 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| 72650 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| 72680 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Mountain View, Arkansas
In Mountain View, 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 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 Mountain View, 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 Mountain View helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Stone County is $718 in the 72051 zip code, while the lowest is $156 in the 72650 zip code.
Average Mountain View Assessed Value
$84,800
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 Mountain View, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72031 | $52,250 | $52,250 | $52,250 | $52,250 | $52,250 |
| 72051 | $28,730 | $55,925 | $101,250 | $115,250 | $123,650 |
| 72533 | $24,100 | $24,100 | $24,100 | $24,100 | $24,100 |
| 72560 | $15,950 | $43,450 | $84,900 | $139,750 | $196,250 |
| 72645 | $32,450 | $32,450 | $32,450 | $32,450 | $32,450 |
| 72650 | $22,850 | $22,850 | $22,850 | $22,850 | $22,850 |
| 72680 | $6,800 | $6,800 | $6,800 | $6,800 | $6,800 |
Source: Ownwell
Property Tax Bills Across Mountain View, Arkansas
In Mountain View, located in Stone County, AR, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value. The median home price in Mountain View is $84,800. Homeowners can expect their property tax bill to fall within a range, with the 25th percentile tax bill at $295 and the 75th percentile at $933. The 90th percentile tax bill can reach up to $1,354. Various factors influence the tax bill, including the assessed value, local tax rates, and applicable exemptions. The highest median tax bill in the area is $718 in the 72051 zip code, while the lowest is $156 in the 72650 zip code. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Compared to the national median property tax rate of 0.99%, property taxes in Mountain View offer a relatively affordable option for homeowners.
Average Mountain View Tax Bill
$563
Average Stone County Tax Bill
$507
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountain View, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72031 | $378 | $378 | $378 | $378 | $378 |
| 72051 | $205 | $397 | $718 | $804 | $855 |
| 72533 | $175 | $175 | $175 | $175 | $175 |
| 72560 | $140 | $297 | $564 | $935 | $1,354 |
| 72645 | $235 | $235 | $235 | $235 | $235 |
| 72650 | $156 | $156 | $156 | $156 | $156 |
| 72680 | $49 | $49 | $49 | $49 | $49 |
Source: Ownwell