Hunter, Woodruff County, Arkansas Property Taxes
The median property tax rate in Hunter, AR is 1.00%, slightly higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Hunter at $27,000, the typical annual property tax bill reaches $185, which is well below the national median of $2,690. Property taxes in Hunter are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hunter'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 Hunter 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
Hunter, Woodruff County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$270
$251
Ownwell’s Hunter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hunter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hunter 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 Hunter, Woodruff County, Arkansas
Property taxes in Hunter, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hunter is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Hunter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hunter 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 Hunter's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72074 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Hunter provides valuable insights into the varying tax landscape across Woodruff County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hunter Tax Rate
1.00%
Average Woodruff County Tax Rate
0.89%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hunter, Woodruff County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72074 | 0.17% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Hunter, Woodruff County, Arkansas
In Hunter, 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 Woodruff 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 Hunter, 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 Hunter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $185 in the 72074 zip code, while the lowest median tax bill is also $185 in the same zip code.
Property Tax Assessment Values Across Hunter, Woodruff County, Arkansas
Source: Ownwell
$16,350
$59,575
$102,800
Average Hunter Assessed Value
$27,000
Average Woodruff County Assessed Value
$44,350
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hunter, Woodruff County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72074 | $7,660 | $18,262 | $27,000 | $44,288 | $52,310 |
Source: Ownwell
Property Tax Bills Across Hunter, Woodruff County, Arkansas
In Hunter, Woodruff County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. Local tax rates, determined by the county, are then applied to this assessed value. For instance, homeowners in Hunter experience a range of tax bills, with the 25th percentile at $76 and the 75th percentile reaching $301, while the 90th percentile can go up to $455. These figures reflect the variability in home values and the corresponding tax obligations. The median home price in Hunter is $27,000, which significantly influences the overall tax bill. Homeowners in the zip code 72074, for example, face a median tax bill of $185. This amount is relatively low compared to the national median property tax rate of 0.99%, making Hunter an affordable area for property taxes. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Hunter Tax Bill
$185
Average Woodruff County Tax Bill
$317
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Hunter, Woodruff County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72074 | $42 | $76 | $185 | $301 | $455 |
Source: Ownwell