Huttig, Union County, Arkansas Property Taxes
The median property tax rate in Huttig, AR is 0.87%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Huttig at $27,050, the typical annual property tax bill is $183, significantly below the national median of $2,690. Property taxes in Huttig are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Huttig'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 Huttig 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
Huttig, Union County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$235
$218
Ownwell’s Huttig Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huttig with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huttig 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 Huttig, Union County, Arkansas
Property taxes in Huttig, Arkansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Huttig is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Huttig set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huttig 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 Huttig's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 71747 has both the highest and lowest median property tax rate of 0.87%. Understanding how these areas compare with Huttig 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 Huttig Tax Rate
0.87%
Average Union County Tax Rate
0.60%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huttig, Union County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71747 | 0.16% | 0.57% | 0.87% | 0.99% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Huttig, Union County, Arkansas
In Huttig, 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 Huttig, 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 Huttig helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Huttig are both $183, found in the 71747 zip code.
Property Tax Assessment Values Across Huttig, Union County, Arkansas
Source: Ownwell
$27,050
$52,425
$77,800
Average Huttig Assessed Value
$27,050
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 Huttig, Union County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71747 | $8,000 | $15,138 | $27,050 | $49,900 | $77,950 |
Source: Ownwell
Property Tax Bills Across Huttig, Union County, Arkansas
In Huttig, Union County, AR, 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 Huttig is $27,050. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill around $92 and the 75th percentile reaching $328. Those in the 90th percentile may see bills as high as $531. The highest median tax bill in the area is $183, which is also the lowest median tax bill, indicating some consistency in tax assessments within the 71747 zip code. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. For homeowners, understanding these factors is crucial, as property taxes can impact overall housing affordability. Compared to the national median property tax rate of 0.99%, Huttig's property taxes are relatively modest, making it a potentially attractive location for those seeking lower property tax burdens.
Average Huttig Tax Bill
$183
Average Union County Tax Bill
$378
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Huttig, Union County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71747 | $39 | $92 | $183 | $328 | $531 |
Source: Ownwell