Center Ridge, Faulkner County, Arkansas Property Taxes
Median Center Ridge, AR effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Center Ridge, AR home value: $81,700
Median annual Center Ridge, AR tax bill: $804, $1,596 lower than the national median property tax bill of $2,400.
How are property taxes in Faulkner County calculated?
Property taxes in Center Ridge, 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 Center Ridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Center Ridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Center Ridge, Faulkner County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.88%
Estimate Property Tax Bill
$561
$520
Property Tax Rates Across Center Ridge, Faulkner County, Arkansas
Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that annually, each county estimates its required budget to provide services and divides that 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, in a nutshell, this is the annual process.
In Center Ridge, located in Faulkner County, Arkansas, property owners experience a property tax rate that is slightly below the national median of 1.02%. This rate is also lower than the national median property tax bill of $2400. Compared to other cities in Arkansas, Center Ridge benefits from a competitive property tax rate, aligning closely with the state's median rate. This positioning can make Center Ridge an attractive location for property owners seeking lower property tax burdens.
Understanding these dynamics can be crucial for property owners looking to manage their expenses effectively. By staying informed about local property tax trends, homeowners can better anticipate their financial obligations and make informed decisions about property ownership in Center Ridge.
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 Center Ridge Tax Rate
0.88%
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
0.76%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Center Ridge, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72027 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Center Ridge, Faulkner County, Arkansas
When examining property taxes in Center Ridge, AR, 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 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. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
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 Center Ridge.
For example, the median home price in Center Ridge is $81,700, with tax bills ranging significantly across the county. 72027 has the highest median home price at $81,700.
Property Tax Assessment Values Across Center Ridge, Faulkner County, Arkansas
Source: Ownwell
$19,500
$132,050
$244,600
Median Center Ridge Market Value
$63,700
Median Faulkner County Market Value
$196,550
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Center Ridge, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72027 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Center Ridge, Faulkner County, Arkansas
In Center Ridge, located in Faulkner County, Arkansas, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value of the property. Homeowners in Center Ridge face a median property tax bill of $804, which is significantly lower than the national median of $2,400. This lower tax bill is reflective of the region's property values and tax rate. However, even with a relatively modest bill, property taxes can still impact homeowners' finances.
Factors that influence the tax bill include the property's assessed value and the local tax rate. Changes in these factors can lead to fluctuations in the tax bill, affecting household budgets. This is where Ownwell can be a valuable ally. By providing property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed fairly. Through expert guidance, homeowners can potentially lower their tax bill, leading to substantial savings and financial relief.
Median Center Ridge Tax Bill
$519
Median Faulkner County Tax Bill
$1,409
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Center Ridge, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72027 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell