Calion, Union County, Arkansas Property Taxes
The median property tax rate in Calion, AR is 0.82%, slightly lower than the Arkansas state median of 0.84% and below the national median of 0.99%. With the median home value in Calion at $48,050, the typical annual property tax bill is $301, significantly less than the national median of $2,690. Property taxes in Calion are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural use. Understanding Calion'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 Calion or another part of Union County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calion, Union County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$394
$366
Ownwell’s Calion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calion 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 Calion, Union County, Arkansas
Property taxes in Calion, Arkansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calion is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Calion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calion 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 Calion's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71724 zip code has both the highest and lowest median property tax rate of 0.82%. Understanding how these cities compare with Calion provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calion Tax Rate
0.82%
Average Union County Tax Rate
0.60%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calion, Union County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71724 | 0.25% | 0.49% | 0.82% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Calion, Union County, Arkansas
In Calion, 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 Union 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 Calion, 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 Calion 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 $301 in zip code 71724, which also has the lowest median tax bill.
Property Tax Assessment Values Across Calion, Union County, Arkansas
Source: Ownwell
$27,050
$52,425
$77,800
Average Calion Assessed Value
$48,050
Average Union County Assessed Value
$69,050
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calion, Union County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71724 | $8,710 | $21,175 | $48,050 | $83,475 | $130,570 |
Source: Ownwell
Property Tax Bills Across Calion, Union County, Arkansas
In Calion, Union County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate, or millage rate, is then applied to this assessed value to determine the final tax bill. For example, with a median home price of $48,050, the tax bill can vary significantly. Homeowners in the 25th percentile might see tax bills around $150, while those in the 75th percentile could face amounts up to $619. At the 90th percentile, tax bills can reach as high as $1,001. Several factors influence these calculations, including property location, home condition, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Calion's rates offer a relatively affordable option for homeowners. These taxes are crucial as they fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Calion Tax Bill
$301
Average Union County Tax Bill
$378
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Calion, Union County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71724 | $60 | $150 | $301 | $619 | $1,001 |
Source: Ownwell