Beebe, Arkansas Property Taxes
The median property tax rate in Beebe, AR is 0.81%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $105,800 in Beebe, the typical annual property tax bill amounts to $840, significantly below the national median of $2,690. Property taxes in Beebe are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Beebe'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 Beebe or another part of White County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beebe, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$857
Ownwell’s Beebe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beebe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beebe 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 Beebe, Arkansas
Property taxes in Beebe, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beebe is 0.81%, lower than the U.S. national median of 0.99%. Local government entities within Beebe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beebe 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 Beebe's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72012 has both the highest and lowest median property tax rate of 0.81%. Understanding how these cities compare with Beebe provides valuable insights into the varying tax landscape across White County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beebe Tax Rate
0.81%
Average White County Tax Rate
0.81%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beebe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72012 | 0.60% | 0.77% | 0.81% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Beebe, Arkansas
In Beebe, 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 White 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 Beebe, 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 Beebe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $840, are found in zip code 72012.
Average Beebe Assessed Value
$105,800
Average White County Assessed Value
$81,100
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beebe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72012 | $21,750 | $59,325 | $105,800 | $163,700 | $228,345 |
Source: Ownwell
Property Tax Bills Across Beebe, Arkansas
In Beebe, White County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, taking into account factors such as location, size, and condition of the property. Homeowners in Beebe can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $461, while those in the 75th percentile see bills closer to $1,301, and the 90th percentile reaches up to $1,819. The median home price in Beebe is $105,800, and the highest median tax bill recorded in the area is $840, which is significantly lower than the national median property tax rate of 0.99%. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Understanding these factors helps homeowners plan their finances and anticipate annual property tax obligations.
Average Beebe Tax Bill
$840
Average White County Tax Bill
$632
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Beebe, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72012 | $178 | $461 | $840 | $1,301 | $1,819 |
Source: Ownwell