Kensett, Arkansas Property Taxes
The median property tax rate in Kensett, Arkansas is 0.84%, aligning with the state median but lower than the national median of 0.99%. With a median home value of $40,650, the typical annual property tax bill in Kensett is $323, significantly below the national median of $2,690. Property taxes in Kensett are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kensett'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 Kensett or another part of White County, comprehending the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Kensett, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$341
Ownwell’s Kensett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kensett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kensett 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 Kensett, Arkansas
Property taxes in Kensett, Arkansas, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Kensett is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Kensett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kensett 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 Kensett's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72082 has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these areas compare with Kensett 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 Kensett Tax Rate
0.84%
Average White County Tax Rate
0.81%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kensett, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72082 | 0.59% | 0.73% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Kensett, Arkansas
In Kensett, 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 Kensett, 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. The zip code with the highest median tax bill in Kensett is 72082, amounting to $323. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kensett Assessed Value
$40,650
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 Kensett, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72082 | $6,030 | $18,400 | $40,650 | $64,950 | $98,660 |
Source: Ownwell
Property Tax Bills Across Kensett, Arkansas
In Kensett, 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. For a median home price of $40,650, the property tax bill can vary significantly. The 25th percentile tax bill stands at $158, while the 75th percentile tax bill is $500, and the 90th percentile reaches up to $712. These figures highlight the range of property taxes that homeowners might encounter. The tax bill is determined by multiplying the assessed value by the local tax rate. Factors such as the property's location, improvements, and exemptions can influence the assessed value. Homeowners in Kensett should be aware that their property tax bill can have a substantial impact on their annual expenses. Comparing these figures to the national median property tax rate of 0.99%, Kensett's property taxes are relatively moderate, providing some financial relief to its residents.
Average Kensett Tax Bill
$323
Average White County Tax Bill
$632
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Kensett, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72082 | $59 | $158 | $323 | $500 | $712 |
Source: Ownwell