Dardanelle, Arkansas Property Taxes
The median property tax rate in Dardanelle, Arkansas is 0.98%, just below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $86,050, the typical annual property tax bill in Dardanelle is $817, significantly lower than the national median of $2,690. Property taxes in Dardanelle are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By comprehending Dardanelle's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether residing in the heart of Dardanelle or its surrounding areas, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Dardanelle, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$843
$783
Ownwell’s Dardanelle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dardanelle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dardanelle 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 Dardanelle, Arkansas
Property taxes in Dardanelle, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dardanelle is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Dardanelle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dardanelle 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. For comparison, the zip code 72834 has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Dardanelle 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 Dardanelle Tax Rate
0.98%
Average Yell County Tax Rate
0.90%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dardanelle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72834 | 0.72% | 0.89% | 0.98% | 1.06% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Dardanelle, Arkansas
In Dardanelle, 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 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 Dardanelle, 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 Dardanelle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 72834, at $817.
Average Dardanelle Assessed Value
$86,050
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 Dardanelle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72834 | $19,700 | $48,300 | $86,050 | $131,962 | $202,445 |
Source: Ownwell
Property Tax Bills Across Dardanelle, Arkansas
In Dardanelle, 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. The median home price in Dardanelle is $86,050. Property taxes are then determined by applying the local tax rate to this assessed value. The property tax rate in Dardanelle is generally lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For homeowners in Dardanelle, the 25th percentile tax bill is $447, while the 75th percentile tax bill is $1,245. At the higher end, the 90th percentile tax bill reaches $1,884. The uniformity in the highest and lowest median tax bills, both at $817 in the zip code 72834, indicates a stable tax environment. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Dardanelle Tax Bill
$817
Average Yell County Tax Bill
$585
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Dardanelle, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72834 | $179 | $447 | $817 | $1,245 | $1,884 |
Source: Ownwell