Bigelow, Faulkner County, Arkansas Property Taxes
Median Bigelow, AR effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Bigelow, AR home value: $27,000
Median annual Bigelow, AR tax bill: $272, $2,128 lower than the national median property tax bill of $2,400.
How are property taxes in Faulkner County calculated?
Property taxes in Bigelow, AR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bigelow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bigelow, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bigelow, Faulkner County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.01%
Estimate Property Tax Bill
$273
$253
Property Tax Rates Across Bigelow, Faulkner County, Arkansas
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.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bigelow Tax Rate
1.01%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Faulkner County Tax Rate
0.96%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bigelow, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72016 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Bigelow, Faulkner County, Arkansas
When examining property taxes in Bigelow, Arkansas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Faulkner County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. This value is used to calculate your property taxes, as it is the amount multiplied by your tax rate to get your tax bill.
In Faulkner County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bigelow. For example, the median home price in Bigelow is $27,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Bigelow, Faulkner County, Arkansas
Source: Ownwell
$77,575
$128,063
$178,550
Median Bigelow Market Value
$27,000
Median Faulkner County Market Value
$149,500
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bigelow, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72016 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Bigelow, Faulkner County, Arkansas
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.
Median Bigelow Tax Bill
$272
Median Faulkner County Tax Bill
$1,390
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Bigelow, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72016 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
