Boles, Scott County, Arkansas Property Taxes
Median Boles, Arkansas 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 Boles, Arkansas home value: $42,450
Median annual Boles, Arkansas tax bill: $334, $2,066 lower than the national median property tax bill of $2,400.
How are property taxes in Scott County calculated?
Property taxes in Boles, 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 Boles’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boles, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Boles, Scott County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$327
$303
Property Tax Rates Across Boles, Scott County, Arkansas
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budget needs for providing services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.
In Boles, located in Scott County, Arkansas, the effective property tax rate offers an interesting comparison to other cities within the state and the national averages. The median property tax rate in Arkansas is notably below the national median of 1.02%, reflecting the state's relatively lower cost of living. This can be advantageous for property owners in Boles, where the tax rate aligns with the state’s median.
Understanding how these rates are set and how they compare to broader averages can empower property owners to make informed decisions regarding their investments. By appealing or seeking exemptions, property owners can potentially reduce their tax burden, making Arkansas an attractive option for those looking to maximize their real estate investments.
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 Boles 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 Scott County Tax Rate
0.77%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Boles, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72926 | 0.59% | 0.72% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Boles, Scott County, Arkansas
When examining property taxes in Boles, 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 Scott 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 Scott County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Boles.
For example, the median home price in Boles is $42,450, with tax bills ranging significantly across the county. Zip code 72926 has the highest median home price at $42,450.
Property Tax Assessment Values Across Boles, Scott County, Arkansas
Source: Ownwell
$31,450
$45,613
$59,775
Median Boles Market Value
$42,450
Median Scott County Market Value
$49,950
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Boles, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72926 | $8,295 | $23,125 | $42,450 | $78,125 | $119,685 |
Source: Ownwell
Property Tax Bills Across Boles, Scott County, Arkansas
Median Boles Tax Bill
$334
Median Scott County Tax Bill
$385
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Boles, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72926 | $84 | $187 | $334 | $547 | $902 |
Source: Ownwell
