Traskwood, Saline County, Arkansas Property Taxes
Median Traskwood, AR effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Traskwood, AR home value: $58,440
Median annual Traskwood, AR tax bill: $466, $1,934 lower than the national median property tax bill of $2,400.
How are property taxes in Saline County calculated?
Property taxes in Traskwood, 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 Traskwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Traskwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Traskwood, Saline County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$479
$445
Property Tax Rates Across Traskwood, Saline 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 Traskwood Tax Rate
0.82%
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 Saline County Tax Rate
0.83%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Traskwood, Saline County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72167 | 0.57% | 0.64% | 0.82% | 1.01% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Traskwood, Saline County, Arkansas
When examining property taxes in Traskwood, 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 Saline County Assessor's Office 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 Saline 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 Traskwood. For example, the median home price in Traskwood is $58,440, with tax bills ranging significantly across the county. Zip code 72167 has the highest median home price at $58,440.
Property Tax Assessment Values Across Traskwood, Saline County, Arkansas
Source: Ownwell
$19,348
$164,659
$309,970
Median Traskwood Market Value
$58,440
Median Saline County Market Value
$164,560
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Traskwood, Saline County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72167 | $15,181 | $34,175 | $58,440 | $109,915 | $197,383 |
Source: Ownwell
Property Tax Bills Across Traskwood, Saline County, Arkansas
In Traskwood, located in Saline County, Arkansas, property tax bills are calculated based on the assessed value of a home. This value is derived as a percentage of the home's market value. For homeowners in Traskwood, the median property tax bill is $466, significantly lower than the national median of $2,400. Factors influencing this tax bill include the home's assessed value, local tax rates, and applicable exemptions. With tax bills ranging from $259 at the 25th percentile to $1,423 at the 90th percentile, understanding these factors is crucial for homeowners aiming to manage their expenses effectively.
Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing individual property assessments and market conditions, Ownwell helps identify potential savings opportunities. This service ensures homeowners are not overpaying and helps reduce their tax burden. By navigating the complexities of property tax regulations, Ownwell empowers homeowners to achieve fair and accurate tax assessments, ultimately leading to significant savings on their property tax bills.
Median Traskwood Tax Bill
$466
Median Saline County Tax Bill
$1,361
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Traskwood, Saline County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72167 | $128 | $259 | $466 | $886 | $1,423 |
Source: Ownwell