Rose Bud, White County, Arkansas Property Taxes
The median property tax rate in Rose Bud, AR is 0.87%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $67,350 in Rose Bud, the typical annual property tax bill is $554, which is significantly below the national median of $2,690. Property taxes in Rose Bud are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rose Bud's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rose Bud or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rose Bud, White County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$586
$544
Ownwell’s Rose Bud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rose Bud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rose Bud 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 Rose Bud, White County, Arkansas
Property taxes in Rose Bud, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rose Bud is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Rose Bud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rose Bud 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 Rose Bud's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72137 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Rose Bud 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 Rose Bud Tax Rate
0.87%
Average White County Tax Rate
0.81%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rose Bud, White County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72137 | 0.57% | 0.74% | 0.87% | 0.87% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Rose Bud, White County, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rose Bud, Arkansas. 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. 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 Rose Bud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $554.00, found in the zip code 72137.
Property Tax Assessment Values Across Rose Bud, White County, Arkansas
Source: Ownwell
$18,000
$65,213
$112,425
Average Rose Bud Assessed Value
$67,350
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 Rose Bud, White County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72137 | $11,840 | $27,750 | $67,350 | $124,800 | $190,620 |
Source: Ownwell
Property Tax Bills Across Rose Bud, White County, Arkansas
In Rose Bud, 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 Rose Bud is $67,350. The tax rate is applied to the assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Rose Bud can expect a range of tax bills depending on their property's value. For example, the tax bill at the 25th percentile is $234, while at the 75th percentile, it rises to $1,008. The 90th percentile tax bill can reach up to $1,491. The highest and lowest median tax bills in the area are both $554, indicating a consistent rate within the zip code 72137. Compared to the national median property tax rate of 0.99%, Rose Bud's tax rates provide a relatively affordable option for homeowners, impacting their overall cost of living positively.
Average Rose Bud Tax Bill
$554
Average White County Tax Bill
$632
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Rose Bud, White County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72137 | $112 | $234 | $554 | $1,008 | $1,491 |
Source: Ownwell