Caddo Gap, Pike County, Arkansas Property Taxes
Median Caddo Gap, AR effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Caddo Gap, AR home value: $95,050
Median annual Caddo Gap, AR tax bill: $730, $1,670 lower than the national median property tax bill of $2,400.
How are property taxes in Pike County calculated?
Property taxes in Caddo Gap, 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 Caddo Gap’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Caddo Gap, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Caddo Gap, Pike County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$732
$679
Property Tax Rates Across Caddo Gap, Pike County, Arkansas
Local government entities set tax rates, which can vary widely within a state. Why? Because 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. Below, you can compare Caddo Gap’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
Caddo Gap in Pike County has a median property tax rate of 0.77%. When compared to the national median property tax rate of 1.02%, Caddo Gap offers a more favorable tax environment. This lower tax rate can be appealing to property owners who are looking to minimize their annual expenses. Furthermore, when considering the national median property tax bill of $2,400, the potential savings in Caddo Gap become even more evident. The competitive property tax rate in Caddo Gap not only makes it an attractive location for current residents but also for prospective property buyers seeking financial advantages.
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 Caddo Gap Tax Rate
0.77%
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 Pike County Tax Rate
0.84%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Caddo Gap, Pike County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71935 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Caddo Gap, Pike County, Arkansas
When examining property taxes in Caddo Gap, 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 Pike 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 Pike 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 Caddo Gap. For example, the median home price in Caddo Gap is $95,050, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Caddo Gap, Pike County, Arkansas
Source: Ownwell
$34,575
$59,300
$84,025
Median Caddo Gap Market Value
$95,050
Median Pike County Market Value
$63,750
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Caddo Gap, Pike County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71935 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Caddo Gap, Pike County, Arkansas
In Caddo Gap, located in Pike County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of the market value. While the national median property tax rate stands at 1.02%, homeowners in Caddo Gap benefit from lower rates, resulting in a median property tax bill significantly below the national median of $2,400. For example, the tax bill at the 25th percentile is $423, and at the 75th percentile, it is $968, illustrating the favorable tax environment in this region.
Factors influencing the property tax bill include the home's assessed value, which may vary due to changes in market conditions or property improvements. These fluctuations directly impact the financial burden on homeowners. This is where Ownwell can make a difference. By offering property tax appeal and exemption services, Ownwell helps homeowners navigate the complexities of property assessments, ensuring they are not overpaying. This expert guidance can lead to substantial savings, providing financial relief and peace of mind.
Median Caddo Gap Tax Bill
$730
Median Pike County Tax Bill
$523
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Caddo Gap, Pike County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71935 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell