Bigelow, Faulkner County, Arkansas Property Taxes

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services, which is then divided by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.

In Bigelow, located in Faulkner County, Arkansas, the effective property tax rate is a reflection of this process. When compared to other cities in Arkansas, Bigelow's rate offers a unique perspective on how local governance impacts property owners. Arkansas's median property tax rate is slightly below the national median of 1.02%, providing residents with a relatively favorable tax environment. Meanwhile, the national median property tax bill stands at $2,400, offering a benchmark for comparison. Understanding these figures can help property owners in Bigelow make informed decisions about their investments and financial planning. By examining these rates, residents can gain insights into how their local government manages resources and how it impacts their property expenses.

In Bigelow, located in Faulkner County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessed value is a percentage of the property's market value, and the local tax rate is applied to this assessed value to calculate the tax bill. With a median home price of $27,000, homeowners in Bigelow typically face a property tax bill around the national median of $2,400, though local bills may vary. Factors such as property size, location, and local tax rates influence the final tax bill. For instance, in Faulkner County, the tax bill at the 25th, 75th, and 90th percentiles is consistently $272, indicating a stable tax rate for most properties.

Ownwell assists homeowners in Bigelow by offering property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps clients potentially lower their tax bills. This service ensures homeowners only pay their fair share, providing significant savings and peace of mind.