Devalls Bluff, Prairie County, Arkansas Property Taxes
Median Devalls Bluff, 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 Devalls Bluff, AR home value: $22,000
Median annual Devalls Bluff, AR tax bill: $188, $2,212 lower than the national median property tax bill of $2,400.
How are property taxes in Prairie County calculated?
Property taxes in Devalls Bluff, 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 Devalls Bluff’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Devalls Bluff, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Devalls Bluff, Prairie County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$216
$200
Property Tax Rates Across Devalls Bluff, Prairie County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This variance occurs 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.
In Devalls Bluff, located in Prairie County, Arkansas, the effective property tax rate stands at 0.98%. This rate is aligned with the median property tax rate for the state of Arkansas. When compared to the national median property tax rate of 1.02%, Devalls Bluff offers a slightly lower rate, which can translate to more affordable property tax bills for homeowners. This can be particularly appealing for those considering relocating or investing in property within the area. Understanding these nuances in property tax rates can be crucial for homeowners and potential buyers when evaluating the overall cost of property ownership.
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 Devalls Bluff 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 Prairie County Tax Rate
0.88%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Devalls Bluff, Prairie County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72041 | 0.48% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Devalls Bluff, Prairie County, Arkansas
When examining property taxes in Devalls Bluff, 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 Prairie 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 Prairie 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 Devalls Bluff. For example, the median home price in Devalls Bluff is $22,000, with tax bills ranging significantly across the county. Zip code 72041 has the highest median home price at $22,000.
Property Tax Assessment Values Across Devalls Bluff, Prairie County, Arkansas
Source: Ownwell
$22,000
$71,100
$120,200
Median Devalls Bluff Market Value
$22,000
Median Prairie County Market Value
$51,500
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Devalls Bluff, Prairie County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72041 | $5,090 | $9,800 | $22,000 | $39,950 | $59,230 |
Source: Ownwell
Property Tax Bills Across Devalls Bluff, Prairie County, Arkansas
Median Devalls Bluff Tax Bill
$188
Median Prairie County Tax Bill
$335
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Devalls Bluff, Prairie County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72041 | $57 | $94 | $188 | $338 | $442 |
Source: Ownwell