Briggsville, Arkansas Property Taxes
The median property tax rate in Briggsville, Arkansas is 0.89%, slightly below the national median of 0.99% but above the Arkansas state median of 0.84%. With the median home value in Briggsville at $39,150, the typical annual property tax bill amounts to $408, which is significantly lower than the national median of $2,690. Property taxes in Briggsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Briggsville'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 Briggsville 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
Briggsville, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$348
$323
Ownwell’s Briggsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Briggsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Briggsville 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 Briggsville, Arkansas
Property taxes in Briggsville, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Briggsville is 0.89%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Briggsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Briggsville 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 Briggsville's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72828 zip code has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Briggsville 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 Briggsville 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 Briggsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72828 | 0.75% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Briggsville, Arkansas
In Briggsville, 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 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 Briggsville, 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 Briggsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Briggsville are both $408.00, found in the 72828 zip code.
Average Briggsville Assessed Value
$39,150
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 Briggsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72828 | $2,671 | $15,696 | $39,150 | $70,654 | $163,316 |
Source: Ownwell
Property Tax Bills Across Briggsville, Arkansas
In Briggsville, located in Yell County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Briggsville typically see property tax bills that vary significantly depending on their property's assessed value. The tax bill for the 25th percentile is around $170, while the 75th percentile reaches $768, and the 90th percentile can be as high as $1,543. These figures are influenced by multiple factors, including the property's location within the county, its market value, and any applicable exemptions or deductions. Homeowners with properties in the zip code 72828 experience the highest median tax bill of $408, which is still below the national median property tax rate of 0.99%. This relatively low tax rate can make homeownership more affordable but also means fewer local resources are funded through property taxes. Understanding these factors helps homeowners in Briggsville better anticipate their annual tax obligations and manage their finances accordingly.
Average Briggsville Tax Bill
$408
Average Yell County Tax Bill
$585
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Briggsville, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72828 | $71 | $170 | $408 | $768 | $1,543 |
Source: Ownwell