Pelsor, Newton County, Arkansas Property Taxes
Median Pelsor, Arkansas effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Pelsor, Arkansas home value: $82,700
Median annual Pelsor, Arkansas tax bill: $481, $1,919 lower than the national median property tax bill of $2,400.
How are property taxes in Newton County calculated?
Property taxes in Pelsor, Arkansas 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 Pelsor’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pelsor, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pelsor, Newton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$504
$468
Property Tax Rates Across Pelsor, Newton County, Arkansas
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 Pelsor Tax Rate
0.61%
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 Newton County Tax Rate
0.71%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pelsor, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72856 | 0.44% | 0.51% | 0.61% | 0.75% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Pelsor, Newton County, Arkansas
When examining property taxes in Pelsor, 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 Newton County appraisal district 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 Newton 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 Pelsor. For example, the median home price in Pelsor is $82,700, with tax bills ranging significantly across the county. Zip code 72856 has the highest median home price at $82,700.
Property Tax Assessment Values Across Pelsor, Newton County, Arkansas
Source: Ownwell
$63,150
$83,663
$104,175
Median Pelsor Market Value
$82,700
Median Newton County Market Value
$77,850
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pelsor, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72856 | $24,160 | $42,675 | $82,700 | $133,475 | $195,320 |
Source: Ownwell
Property Tax Bills Across Pelsor, Newton County, Arkansas
In Pelsor, located in Newton County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of the market value. The median home price in this area is $82,700. Property tax rates can vary, but the highest and lowest median tax bill in Pelsor is $481, which is significantly lower than the national median property tax bill of $2,400. Factors such as local government budgets and school funding needs can influence these rates, impacting homeowners' annual expenses.
For homeowners in Pelsor, managing property taxes is crucial for financial planning. Ownwell offers valuable services by reviewing property assessments and identifying potential inaccuracies. By appealing incorrect assessments, homeowners can potentially lower their tax bills. Additionally, Ownwell helps identify applicable exemptions, providing further savings. With expertise in property tax laws and appeal processes, Ownwell ensures homeowners in Pelsor are not overpaying, thereby easing the financial burden of property taxes.
Median Pelsor Tax Bill
$481
Median Newton County Tax Bill
$525
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Pelsor, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72856 | $154 | $227 | $481 | $752 | $1,228 |
Source: Ownwell