Higden, Arkansas Property Taxes
The median property tax rate in Higden, AR is 0.82%, which is slightly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Higden, the typical annual property tax bill amounts to $329, significantly less than the national median of $2,690. Property taxes in Higden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Higden'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 Higden or another part of Van Buren County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Higden, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$341
$316
Ownwell’s Higden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Higden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Higden 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 Higden, Arkansas
Property taxes in Higden, Arkansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Higden is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Higden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Higden 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 Higden's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72067 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Higden provides valuable insights into the varying tax landscape across Van Buren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Higden Tax Rate
0.82%
Average Van Buren County Tax Rate
0.88%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Higden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72067 | 0.75% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Higden, Arkansas
In Higden, 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 Van Buren County Assessor 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 Higden, 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. With a median home price of $41,550, property tax bills can vary significantly. For instance, the 25th percentile tax bill is $170, while the 75th percentile tax bill is $655. The highest and lowest median tax bills in the area are both $329, found in the 72067 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Higden Assessed Value
$41,550
Average Van Buren County Assessed Value
$61,550
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Higden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72067 | $12,555 | $21,425 | $41,550 | $82,875 | $134,690 |
Source: Ownwell
Property Tax Bills Across Higden, Arkansas
In Higden, property tax bills are calculated based on the assessed value of the property, which is determined by the Van Buren County assessor's office. The assessed value is typically a percentage of the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $41,550, homeowners can expect a tax bill that varies significantly. At the 25th percentile, tax bills are around $170, while at the 75th percentile, they rise to approximately $655. The highest tax bills, at the 90th percentile, can reach up to $1,078. These tax bills are used to fund local services such as schools, emergency services, and infrastructure. Homeowners in Higden should be aware that their tax bills can fluctuate based on changes in property values and local tax rates. Compared to the national median property tax rate of 0.99%, Higden's rates may offer some relief to homeowners, but the actual impact varies depending on individual property assessments and local financial needs.
Average Higden Tax Bill
$329
Average Van Buren County Tax Bill
$534
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Higden, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72067 | $103 | $170 | $329 | $655 | $1,078 |
Source: Ownwell