Enola, Faulkner County, Arkansas Property Taxes
Median Enola, AR effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Enola, AR home value: $93,850
Median annual Enola, AR tax bill: $860, $1,540 lower than the national median property tax bill of $2,400.
How are property taxes in Faulkner County calculated?
Property taxes in Enola, 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 Enola’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Enola, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Enola, Faulkner County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
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Median Effective Tax Rate
1%
Estimate Property Tax Bill
$939
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Property Tax Rates Across Enola, Faulkner County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual estimation of its required budget to provide services, 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, in a nutshell, this is the annual process.
In Enola, located in Faulkner County, Arkansas, the effective property tax rate is a reflection of this process. Compared to other cities in Arkansas, Enola's property tax rate aligns closely with the state median, which is slightly below the national median. This means that property owners in Enola generally pay less in property taxes compared to the average U.S. homeowner. Understanding these rates can help property owners make informed decisions about their investments and potential savings through property tax appeals or exemptions.
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 Enola Tax Rate
1.00%
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 Enola, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72047 | 0.75% | 0.89% | 1.00% | 1.00% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Enola, Faulkner County, Arkansas
When examining property taxes in Enola, 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. 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.
In Faulkner County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Enola. For example, the median home price in Enola is $93,850, with tax bills ranging significantly across the county. Zip code 72047 has the highest median home price at $93,850.
Property Tax Assessment Values Across Enola, Faulkner County, Arkansas
Source: Ownwell
$77,575
$128,063
$178,550
Median Enola Market Value
$93,850
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 Enola, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72047 | $24,350 | $49,500 | $93,850 | $172,700 | $245,200 |
Source: Ownwell
Property Tax Bills Across Enola, Faulkner County, Arkansas
In Enola, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. For homeowners in Faulkner County, the median property tax bill is $860, which is significantly below the national median of $2400. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Enola may find their tax bills vary, with the 25th percentile at $443 and the 75th percentile reaching $1688.
Ownwell assists homeowners by providing property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can help ensure that homeowners are not overpaying. With expertise in navigating local tax regulations, Ownwell offers a valuable resource for Enola residents looking to reduce their property tax expenses and maximize their savings.
Median Enola Tax Bill
$860
Median Faulkner County Tax Bill
$1,390
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Enola, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72047 | $242 | $443 | $860 | $1,688 | $2,345 |
Source: Ownwell