Garland County Property Taxes
The median property tax rate in Garland County is 0.59%, which is significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Garland County, the typical annual property tax bill reaches $863, which is substantially below the national median of $2,690. Property taxes in Garland County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Garland County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hot Springs or another part of Garland County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garland County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Garland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Garland with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Garland to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Garland County, Arkansas
Property taxes in Garland County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Garland County is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Garland County set these rates annually, and they can vary significantly between different areas within the county. Each year, Garland County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Lakeside has one of the higher property tax rates in Arkansas at 0.90%, while the city of Hot Springs Village boasts one of the lowest at 0.43%. Analyzing how Garland County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Garland County Tax Rate
0.59%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garland County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonnerdale | 0.16% | 0.33% | 0.51% | 0.74% | 0.86% |
| Fountain Lake | 0.31% | 0.38% | 0.51% | 0.64% | 0.72% |
| Hot Springs | 0.61% | 0.78% | 0.88% | 0.90% | 0.90% |
| Hot Springs National Park | 0.22% | 0.40% | 0.61% | 0.76% | 0.90% |
| Hot Springs Village | 0.19% | 0.28% | 0.43% | 0.60% | 0.77% |
| Jessieville | 0.15% | 0.38% | 0.68% | 0.85% | 0.85% |
| Lakeside | 0.66% | 0.78% | 0.90% | 0.90% | 0.90% |
| Lonsdale | 0.12% | 0.31% | 0.52% | 0.70% | 0.78% |
| Malvern | N/A | N/A | N/A | N/A | N/A |
| Mountain Pine | 0.13% | 0.42% | 0.69% | 0.87% | 0.90% |
| Pearcy | 0.15% | 0.32% | 0.48% | 0.69% | 0.80% |
| Royal | 0.18% | 0.38% | 0.57% | 0.72% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Garland County, Arkansas
In Garland County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Garland County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Garland County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Hot Springs National Park has the highest median tax bill at $942, while Mountain Pine has the lowest at $241. Being aware of these valuation processes in Garland County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Garland County, Arkansas
Source: Ownwell
$42,475
$151,225
$259,975
Average Garland County Assessed Value
$162,300
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garland County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonnerdale | $29,450 | $59,738 | $123,450 | $233,962 | $399,115 |
| Fountain Lake | $78,755 | $146,712 | $259,975 | $373,238 | $441,195 |
| Hot Springs | $4,335 | $9,912 | $104,450 | $154,600 | $313,200 |
| Hot Springs National Park | $40,430 | $82,550 | $166,200 | $291,575 | $506,190 |
| Hot Springs Village | $90,540 | $126,600 | $184,450 | $263,500 | $367,210 |
| Jessieville | $11,470 | $23,600 | $51,450 | $102,950 | $191,870 |
| Lakeside | $12,060 | $20,375 | $61,650 | $100,975 | $487,090 |
| Lonsdale | $18,575 | $41,475 | $89,525 | $196,188 | $315,400 |
| Malvern | N/A | N/A | N/A | N/A | N/A |
| Mountain Pine | $10,150 | $19,538 | $42,475 | $89,750 | $208,605 |
| Pearcy | $46,990 | $86,025 | $152,875 | $225,812 | $318,320 |
| Royal | $33,650 | $68,550 | $144,650 | $259,550 | $405,100 |
Source: Ownwell
Property Tax Bills Across Garland County, Arkansas
In Garland County, AR, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The median home price in this county is $162,300. Tax bills can vary significantly within the county, with the 25th percentile at $401 and the 75th percentile reaching $1,672. For those with properties in the 90th percentile, tax bills can be as high as $2,999. Factors influencing these variations include the property's location, size, and improvements. For example, homeowners in Hot Springs National Park face the highest median tax bill at $942, while those in Mountain Pine enjoy the lowest at $241. These taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Garland County offers a diverse range of tax obligations that reflect the unique characteristics and values of its properties.
Average Garland County Tax Bill
$863
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Garland County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bonnerdale | $85 | $244 | $660 | $1,288 | $2,753 |
| Fountain Lake | $356 | $504 | $751 | $998 | $1,147 |
| Hot Springs | $50 | $94 | $810 | $1,398 | $2,404 |
| Hot Springs National Park | $188 | $432 | $942 | $1,876 | $3,382 |
| Hot Springs Village | $224 | $463 | $804 | $1,289 | $1,976 |
| Jessieville | $55 | $128 | $271 | $562 | $1,110 |
| Lakeside | $108 | $183 | $504 | $838 | $3,410 |
| Lonsdale | $69 | $169 | $438 | $999 | $1,923 |
| Malvern | N/A | N/A | N/A | N/A | N/A |
| Mountain Pine | $48 | $111 | $241 | $678 | $1,760 |
| Pearcy | $129 | $346 | $731 | $1,286 | $2,057 |
| Royal | $130 | $335 | $809 | $1,539 | $2,645 |
Source: Ownwell