Witts Springs, Pope County, Arkansas Property Taxes
Median Witts Springs, 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 Witts Springs, AR home value: $53,978
Median annual Witts Springs, AR tax bill: $605, $1,795 lower than the national median property tax bill of $2,400.
How are property taxes in Pope County calculated?
Property taxes in Witts Springs, 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 Witts Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Witts Springs, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Witts Springs, Pope County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$529
$491
Property Tax Rates Across Witts Springs, Pope County, Arkansas
Local government entities determine property tax rates, which can significantly differ even within the same state. This variation occurs because counties annually assess their budgetary needs to fund services and then divide this by the total assessed value of all taxable properties in their area. This calculation determines the property tax rate that property owners are required to pay. While the process involves votes and legislation, this is essentially how it operates each year.
In Witts Springs, located in Pope County, the effective property tax rate is a reflection of this process. When compared to other cities in Arkansas, it's interesting to note how these rates align with the state's median property tax rate. Arkansas's median property tax rate is slightly below the national median, offering a comparative advantage for property owners in terms of affordability. Understanding these rates can help property owners in Witts Springs make informed decisions about property investments and financial planning.
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 Witts Springs Tax Rate
0.98%
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 Pope County Tax Rate
0.92%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Witts Springs, Pope County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72686 | 0.77% | 0.84% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Witts Springs, Pope County, Arkansas
When examining property taxes in Witts Springs, 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 Pope 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 Pope 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 Witts Springs. For example, the median home price in Witts Springs is $53,978, with tax bills ranging significantly across the county. ZIP code 72686 has the highest median home price at $53,978.
Property Tax Assessment Values Across Witts Springs, Pope County, Arkansas
Source: Ownwell
$37,200
$87,550
$137,900
Median Witts Springs Market Value
$53,978
Median Pope County Market Value
$105,400
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Witts Springs, Pope County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72686 | $9,450 | $19,775 | $53,978 | $115,212 | $211,375 |
Source: Ownwell
Property Tax Bills Across Witts Springs, Pope County, Arkansas
In Witts Springs, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value. Local taxing authorities set the rates, which can vary, affecting how much homeowners owe. In Witts Springs, the median property tax bill is $605, significantly lower than the national median of $2400. However, tax bills can range from $259 at the 25th percentile to $1818 at the 90th percentile, indicating variability based on property value and location.
For homeowners, understanding these factors is crucial as property taxes can influence overall housing costs. Homeowners in Witts Springs can benefit from appealing their property tax assessments to ensure they are fair and accurate. This is where Ownwell can assist by providing expert guidance and support throughout the appeal process. By leveraging local knowledge and expertise, Ownwell helps homeowners potentially reduce their property tax bills, ensuring they pay only their fair share.
Median Witts Springs Tax Bill
$605
Median Pope County Tax Bill
$927
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Witts Springs, Pope County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72686 | $110 | $259 | $605 | $1,018 | $1,818 |
Source: Ownwell