Casa, Arkansas Property Taxes
The median property tax rate in CASA, AR is 0.79%, lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in CASA, the typical annual property tax bill is $345, significantly less than the national median of $2,690. Property taxes in CASA are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding CASA's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of CASA 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
Casa, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s CASA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CASA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CASA 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 Casa, Arkansas
Property taxes in CASA, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CASA is 0.79%, lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within CASA set these rates annually, and they can vary significantly across different neighborhoods. Each year, CASA 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 CASA's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72025 zip code has the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with CASA 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 Casa Tax Rate
0.79%
Average Yell County Tax Rate
0.90%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Casa, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72025 | 0.48% | 0.64% | 0.79% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Casa, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in CASA, 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 CASA, 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 CASA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 72025, with a median tax bill of $345.00.
Average Casa Assessed Value
$41,050
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 Casa, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72025 | $9,135 | $23,062 | $41,050 | $80,350 | $120,340 |
Source: Ownwell
Property Tax Bills Across Casa, Arkansas
In CASA, Yell County, AR, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine your annual tax bill. For example, with a median home price of $41,050, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is around $206, while at the 75th percentile, it rises to approximately $449. For those at the 90th percentile, the tax bill can reach up to $949. These tax bills are influenced by several factors, including the property's location within Yell County, any applicable exemptions, and the specific tax rates set by local authorities. Compared to the national median property tax rate of 0.99%, CASA's rates offer a relatively affordable option for homeowners. This affordability can be particularly beneficial for those looking to manage their housing costs effectively while still receiving essential public services funded by these taxes.
Average Casa Tax Bill
$345
Average Yell County Tax Bill
$585
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Casa, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72025 | $75 | $206 | $345 | $449 | $949 |
Source: Ownwell