Bluffton, Arkansas Property Taxes
The median property tax rate in Bluffton, Arkansas is 0.89%, slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Bluffton, the typical annual property tax bill is $313, significantly below the national median of $2,690. Property taxes in Bluffton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Bluffton'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 Bluffton or another part of Yell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bluffton, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$379
Ownwell’s Bluffton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluffton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluffton 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 Bluffton, Arkansas
Property taxes in Bluffton, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluffton is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Bluffton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluffton 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 Bluffton's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72827 has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Bluffton provides valuable insights into the varying tax landscape across Yell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluffton Tax Rate
0.89%
Average Yell County Tax Rate
0.90%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluffton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72827 | 0.77% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Bluffton, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bluffton, 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 Yell 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 Bluffton, 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. For example, the median home price in Bluffton stands at $42,625. The tax bill for the 25th percentile is $134, while it reaches $681 at the 75th percentile. The highest median tax bill recorded is $313 in the 72827 zip code, which also happens to have the lowest median tax bill at $313. 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 Bluffton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bluffton Assessed Value
$42,625
Average Yell County Assessed Value
$66,625
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bluffton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72827 | $6,550 | $14,225 | $42,625 | $77,888 | $128,795 |
Source: Ownwell
Property Tax Bills Across Bluffton, Arkansas
In Bluffton, located in Yell County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $42,625, homeowners in Bluffton can expect their tax bills to vary widely. At the 25th percentile, the tax bill is around $134, while at the 75th percentile, it rises to approximately $681. The 90th percentile tax bill can go as high as $1,117. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in Bluffton. Compared to the national median property tax rate of 0.99%, Bluffton's tax rates offer a relatively affordable option for homeowners. Understanding these factors can help homeowners better anticipate their annual financial obligations and plan accordingly.
Average Bluffton Tax Bill
$313
Average Yell County Tax Bill
$585
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluffton, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72827 | $63 | $134 | $313 | $681 | $1,117 |
Source: Ownwell