Johnson, Washington County, Arkansas Property Taxes
The median property tax rate in Johnson, AR is 0.77%, which is lower than both the national median of 0.99% and Arkansas's state median of 0.84%. With a median home value of $289,925 in Johnson, the typical annual property tax bill is $1,962, significantly below the national median of $2,690. Property taxes in Johnson are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Johnson'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 Johnson or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnson, Washington County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$2,232
$2,072
Ownwell’s Johnson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson 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 Johnson, Washington County, Arkansas
Property taxes in Johnson, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson is 0.59%, which is lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Johnson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnson 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 Johnson's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72741 zip code has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Johnson provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnson Tax Rate
0.77%
Average Washington County Tax Rate
0.60%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnson, Washington County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72741 | 0.60% | 0.68% | 0.77% | 0.90% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Johnson, Washington County, Arkansas
In Johnson, 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 Washington 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 Johnson, 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 Johnson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Johnson is 72741, with a median tax bill of $1,962, which is above the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Johnson, Washington County, Arkansas
Source: Ownwell
$93,250
$320,713
$548,175
Average Johnson Assessed Value
$289,925
Average Washington County Assessed Value
$274,150
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnson, Washington County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72741 | $168,050 | $168,500 | $289,925 | $314,525 | $348,800 |
Source: Ownwell
Property Tax Bills Across Johnson, Washington County, Arkansas
In Johnson, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Johnson is $289,925. Homeowners in this region can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $1,517, while at the 75th percentile, it rises to approximately $2,226. Those at the 90th percentile face tax bills as high as $3,608. Several factors influence these tax bills, including the property’s assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Johnson's rates might seem relatively moderate, but they still represent a significant expense for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly. This variation underscores the importance of accurate property assessments and awareness of local tax policies.
Average Johnson Tax Bill
$1,962
Average Washington County Tax Bill
$1,659
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnson, Washington County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72741 | $1,492 | $1,517 | $1,962 | $2,226 | $3,608 |
Source: Ownwell