Property Tax in Hazen, Arkansas
Based on the latest US Census data, the median home value in Hazen is $114,300, resulting in a median annual property tax bill of $717.
Estimate Your Property Tax in Hazen
Enter your actual or desired home value below to see how much you can expect to pay annually based on Hazen's effective tax rate of 0.63%.
Estimated Annual Tax
Understanding Hazen Real Estate Taxes
Property taxes in Hazen are a major component of local homeownership. Based on recent census data, the effective rate sits at 0.63%. Consequently, securing a home near the $114,300 median value means you should anticipate roughly $717 in annual taxes to support Arkansas's local municipal and school district budgets.
It's important to remember that local assessors determine assessed values, which may vary from current market values, altering your exact obligations.
Impact on Mortgages
Most lenders require property taxes to be rolled into your monthly mortgage payment via an escrow account. A 0.63% annual rate on a $500,000 home adds roughly $261 to your monthly overhead in Hazen.
Special Assessments
Your exact tax bill may be influenced by hyper-local municipal bonds, school district levies, and utility assessments in Arkansas. Using the effective rate provides a highly accurate historical baseline for budgeting.
How it compares to local earnings
Housing affordability isn't just about property prices—it's about the correlation between your geographic tax obligations and your local income potential.
In Hazen, the median household income is $47,209 annually. This means the median household commits 1.52% of their gross income directly to property taxes. Financial modelers typically recommend keeping total housing costs below 28% of gross income.
Local Tax Burden
1.52%
Of Median Household Gross Income
Frequently Asked Questions
The average effective property tax rate in Hazen is 0.63%.
For a median-priced home of $114,300 in Hazen, homeowners pay an average of $717 annually in property taxes.
While the average tax bill of $717 in Hazen is an annual obligation, most homeowners pay this monthly through an escrow account managed by their mortgage lender.
The effective rate of 0.63% is calculated by dividing the median annual property taxes paid ($717) by the median home value ($114,300) for properties in Hazen.
Yes, your property taxes in Hazen can change based on reassessments of your home's market value by local Arkansas authorities or changes in municipal and school district tax levies.