Pleasant Plains, Arkansas Property Taxes
The median property tax rate in Pleasant Plains, AR is 0.73%, which is notably lower than the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $74,625 in Pleasant Plains, the typical annual property tax bill amounts to $539, significantly below the national median of $2,690. Property taxes in Pleasant Plains are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pleasant Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pleasant Plains 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
Pleasant Plains, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$545
$506
Ownwell’s Pleasant Plains Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Plains with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Plains 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 Pleasant Plains, Arkansas
Property taxes in Pleasant Plains, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Plains is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Pleasant Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Plains 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 Pleasant Plains' effective property tax rate to other regions and the national median. For comparison, the zip code 72568 has both the highest and lowest median property tax rate of 0.73%. Understanding how these areas compare with Pleasant Plains 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 Pleasant Plains Tax Rate
0.73%
Average White County Tax Rate
0.81%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Plains, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72568 | 0.55% | 0.63% | 0.73% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Plains, Arkansas
In Pleasant Plains, 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 Pleasant Plains, 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 Pleasant Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $539 in the 72568 zip code, which is also the lowest median tax bill.
Property Tax Assessment Values Across Pleasant Plains, Arkansas
Source: Ownwell
$18,000
$138,775
$259,550
Average Pleasant Plains Assessed Value
$74,625
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 Pleasant Plains, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72568 | $13,590 | $34,925 | $74,625 | $138,575 | $205,310 |
Source: Ownwell
Property Tax Bills Across Pleasant Plains, Arkansas
In Pleasant Plains, located in White County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions. For homeowners in Pleasant Plains, the median home price is $74,625. Property tax bills can vary significantly, with the 25th percentile at $246 and the 75th percentile reaching $1,031. At the 90th percentile, tax bills can go up to $1,329. The highest median tax bill in the area is $539, which is also the lowest, indicating a consistent rate within the zip code 72568. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how their local rates and assessed values affect their annual tax obligations.
Average Pleasant Plains Tax Bill
$539
Average White County Tax Bill
$632
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Plains, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72568 | $115 | $246 | $539 | $1,031 | $1,329 |
Source: Ownwell