Pine Ridge, Arkansas Property Taxes
The median property tax rate in Pine Ridge, AR is 0.41%, significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Pine Ridge at $81,575, the typical annual property tax bill amounts to $472, which is well below the national median of $2,690. Property taxes in Pine Ridge are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pine Ridge's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pine Ridge or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pine Ridge, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$334
$310
Ownwell’s Pine Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Ridge 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 Pine Ridge, Arkansas
Property taxes in Pine Ridge, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Ridge is 0.41%, significantly lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Pine Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Ridge 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. The data below compares Pine Ridge's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 71961 zip code has the highest median property tax rate of 0.41%, while the lowest median tax rate is also 0.41%. Understanding how these cities compare with Pine Ridge provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Ridge Tax Rate
0.41%
Average Montgomery County Tax Rate
0.50%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Ridge, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71961 | 0.10% | 0.22% | 0.41% | 0.60% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Pine Ridge, Arkansas
In Pine Ridge, 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 Montgomery County Appraisal District 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 Pine Ridge, 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 Pine Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Pine Ridge is $472.00 in zip code 71961, while the lowest median tax bill is also $472.00 in the same zip code.
Average Pine Ridge Assessed Value
$81,575
Average Montgomery County Assessed Value
$93,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Ridge, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71961 | $52,595 | $63,462 | $81,575 | $99,688 | $110,555 |
Source: Ownwell
Property Tax Bills Across Pine Ridge, Arkansas
In Pine Ridge, Montgomery County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. The median home price here is $81,575. Property tax rates are applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including the property's location, size, and improvements, as well as local tax rates. Homeowners in Pine Ridge can expect a range of tax bills. For instance, the 25th percentile tax bill is around $242, while the 75th percentile reaches approximately $703. At the higher end, the 90th percentile tax bill is about $841. These figures help illustrate the variability in property tax obligations, which can significantly impact homeowners' budgets. Comparatively, the median property tax rate in Pine Ridge aligns closely with national figures, ensuring that local homeowners face tax burdens that are competitive relative to other regions. Understanding these factors helps homeowners anticipate and manage their property tax responsibilities effectively.
Average Pine Ridge Tax Bill
$472
Average Montgomery County Tax Bill
$397
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Ridge, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71961 | $104 | $242 | $472 | $703 | $841 |
Source: Ownwell