Bradford, Arkansas Property Taxes
The median property tax rate in Bradford, AR is 0.82%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Bradford at $39,000, the typical annual property tax bill amounts to $289, significantly below the national median of $2,690. Property taxes in Bradford are determined based on the tax assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bradford'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 Bradford 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
Bradford, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$320
$297
Ownwell’s Bradford Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Bradford. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Bradford to provide an accurate estimate of your property tax bill. This user-friendly tool helps you understand your potential tax liabilities with ease. For those interested in more detailed insights, including neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Bradford, Arkansas
Property taxes in Bradford, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bradford is 0.82%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Bradford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bradford 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 Bradford's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72020 zip code 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 Bradford 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 Bradford Tax Rate
0.82%
Average White County Tax Rate
0.81%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bradford, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72020 | 0.51% | 0.66% | 0.82% | 0.85% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Bradford, Arkansas
In Bradford, 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 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 Bradford, 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 Bradford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bradford is $289.00 in the 72020 zip code, which is also the lowest median tax bill.
Average Bradford Assessed Value
$39,000
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 Bradford, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72020 | $3,360 | $10,650 | $39,000 | $75,550 | $124,620 |
Source: Ownwell
Property Tax Bills Across Bradford, Arkansas
In Bradford, located in White 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 Bradford is $39,000. Homeowners' tax bills are influenced by several factors, including the assessed value, local tax rates, and any applicable exemptions. For example, the tax bill for the 25th percentile is $97, while the 75th percentile tax bill reaches $532, and the 90th percentile climbs to $938. The highest median tax bill in the area is $289, found in the 72020 zip code. These property taxes directly impact homeowners by influencing their annual expenses and potentially affecting their ability to afford their homes. Compared to the national median property tax rate of 0.99%, Bradford's rates can be considered relatively moderate. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Bradford Tax Bill
$289
Average White County Tax Bill
$632
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bradford, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72020 | $36 | $97 | $289 | $532 | $938 |
Source: Ownwell