Garner, Arkansas Property Taxes
The median property tax rate in Garner, AR is 0.85%, slightly higher than the Arkansas state median of 0.84% but still below the national median of 0.99%. With a median home value of $18,000, the typical annual property tax bill in Garner amounts to $151, significantly lower than the national median of $2,690. Property taxes in Garner are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Garner'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 Garner or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garner, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Garner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garner 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 Garner, Arkansas
Property taxes in Garner, Arkansas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garner is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Garner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garner 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 Garner's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72052 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Garner 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 Garner Tax Rate
0.85%
Average White County Tax Rate
0.81%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72052 | 0.52% | 0.74% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Garner, Arkansas
In Garner, 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 Garner, 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. Garner's median home price stands at $18,000, with tax bills ranging from $55 at the 25th percentile to $534 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Garner Assessed Value
$18,000
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 Garner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72052 | $2,530 | $6,500 | $18,000 | $37,650 | $65,550 |
Source: Ownwell
Property Tax Bills Across Garner, Arkansas
In Garner, located in White County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of the property's market value. Homeowners in Garner can expect their property tax bills to vary significantly, with the 25th percentile at $55 and the 75th percentile reaching $317. At the 90th percentile, tax bills can go up to $534. The median home price in Garner is relatively low at $18,000, which influences the overall tax burden on homeowners. The highest median tax bill recorded in the area is $151, which is consistent across the zip code 72052. This amount is considerably lower than the national median property tax rate of 0.99%, making Garner an affordable place for homeowners from a property tax perspective. Factors such as property improvements, neighborhood developments, and changes in local tax rates can also impact the final tax bill, but overall, Garner's property taxes remain manageable for most residents.
Average Garner Tax Bill
$151
Average White County Tax Bill
$632
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Garner, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72052 | $26 | $55 | $151 | $317 | $534 |
Source: Ownwell