Leslie, Arkansas Property Taxes
The median property tax rate in Leslie, AR is 0.88%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $48,650 in Leslie, the typical annual property tax bill is $413, which is significantly less than the national median of $2,690. Property taxes in Leslie are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Leslie'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 Leslie or elsewhere in Van Buren County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leslie, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$428
$397
Ownwell’s Leslie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leslie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leslie 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 Leslie, Arkansas
Property taxes in Leslie, Arkansas, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Leslie is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Leslie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leslie 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 Leslie's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72645 has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these areas compare with Leslie 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 Leslie Tax Rate
0.88%
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 Leslie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72645 | 0.72% | 0.86% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Leslie, Arkansas
In Leslie, 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 Leslie, 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. Leslie's median home price is $48,650, with tax bills ranging from $228 at the 25th percentile to $1,185 at the 90th percentile. The highest and lowest median tax bill in the area is $413, found in zip code 72645. 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 Leslie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Leslie Assessed Value
$48,650
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 Leslie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72645 | $13,030 | $25,775 | $48,650 | $82,950 | $134,890 |
Source: Ownwell
Property Tax Bills Across Leslie, Arkansas
In Leslie, located in Van Buren County, AR, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Leslie is $48,650. Property taxes are determined by applying the local tax rate to the assessed value of the property. For instance, at the 25th percentile, homeowners face a tax bill of $228, while at the 75th percentile, the tax bill rises to $710. At the 90th percentile, homeowners may see tax bills as high as $1,185. The highest median tax bill in the region is $413, which is also the lowest, as indicated by the zip code 72645. These property tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Leslie's rates can be considered relatively moderate, offering some relief to homeowners in the area.
Average Leslie Tax Bill
$413
Average Van Buren County Tax Bill
$534
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Leslie, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72645 | $127 | $228 | $413 | $710 | $1,185 |
Source: Ownwell